XML 27 R28.htm IDEA: XBRL DOCUMENT v2.4.0.6
FOREIGN CURRENCY DERIVATIVES (Tables)
9 Months Ended
Dec. 31, 2011
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Notional Amounts of Outstanding Foreign Exchange Currency Contracts and Approximate U.S. Dollar Equivalent [Table Text Block]
The following table summarizes the notional value of the Company’s outstanding foreign exchange currency contracts and approximate U.S. dollar equivalent (“USD Equivalent”) at December 31, 2011:
 
Local Currency
 
USD Equivalent
 
Position
 
Maturity
 
(in thousands)
 
(in thousands)
 
 
 
 
EUR
18,800

 
$
24,385

 
Sell EUR
 
1 month
GBP
3,900

 
$
6,057

 
Sell GBP
 
1 month
AUD
4,100

 
$
4,188

 
Sell AUD
 
1 month
Notional Value of Outstanding Currency Swaps and Approximate U.S. Dollar Equivalent [Table Text Block]

The following table summarizes the notional value of the Company’s outstanding MX$ currency swaps and approximate USD Equivalent at December 31, 2011:
 
Local Currency
 
USD Equivalent
 
Position
 
Maturity
 
(in thousands)
 
(in thousands)
 
 
 
 
MX$
398,150

 
$
30,068

 
Buy MX$
 
Monthly over 15 months

Fair Value of Derivative Contracts Under the Derivatives and Hedging Topic of the FASB ASC [Table Text Block]

Fair value of derivative contracts under the Derivatives and Hedging Topic of the FASB ASC were as follows:
 
 
Derivative Assets
Reported in Other Current Assets
 
Derivative Liabilities
Reported in Accrued Liabilities
 
 
December 31,
 
March 31,
 
December 31,
 
March 31,
(in thousands)
 
2011
 
2011
 
2011
 
2011
Foreign exchange contracts designated as cash flow hedges
 
$
4,876

 
$
360

 
$
2,439

 
$
4,201


Balance of Designated Derivative Contracts and the Pre-Tax Impact on Accumulated Other Comprehensive Income [Table Text Block]

The following table represents only the balance of designated derivative contracts under the Derivatives and Hedging Topic of the FASB ASC as of December 31, 2011 and March 31, 2011, and the impact of designated derivative contracts before tax on AOCI for the nine months ended December 31, 2011:
(in thousands)
 
Gain (loss) included in AOCI as of March 31, 2011
 
Amount of gain (loss)
recognized in AOCI
(effective portion)
 
Amount of gain (loss)
reclassified from AOCI
to income (loss)
(effective portion)
 
Gain (loss) included in AOCI as of December 31, 2011
Foreign exchange contracts designated as cash flow hedges
 
$
(3,841
)
 
$
3,706

 
$
(2,572
)
 
$
2,437


Effect of Designated Derivative Contracts on Results of Operations Recognized in Gross Profit in Statements of Operations [Table Text Block]

The effect of designated derivative contracts under the Derivatives and Hedging Topic of the FASB ASC on results of operations recognized in Gross profit in the Condensed consolidated statements of operations was as follows:
 
 
Three Months Ended
 
Nine Months Ended
 
 
December 31,
 
December 31,
(in thousands)
 
2011
 
2010
 
2011
 
2010
Gain (loss) on foreign exchange contracts designated as cash flow hedges
 
$
(555
)
 
$
817

 
$
(2,572
)
 
$
2,756


Effect of Non-Designated Derivative Contracts On Results of Operations Recognized in Interest and Other Income (Expense), Net in Statements of Operations [Table Text Block]

The effect of non-designated derivative contracts under the Derivatives and Hedging Topic of the FASB ASC on results of operations recognized in Interest and other income (expense), net in the Condensed consolidated statements of operations was as follows:
 
 
Three Months Ended
 
Nine Months Ended
 
 
December 31,
 
December 31,
(in thousands)
 
2011
 
2010
 
2011
 
2010
Gain on foreign exchange contracts
 
$
675

 
$
814

 
$
1,975

 
$
285