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DERIVATIVE INSTRUMENTS (Tables)
 9 Months Ended
Sep. 30, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary Of Fair Value In Balance Sheet For Derivatives Designated As Hedging Instruments
The following table summarizes the fair value and presentation for derivatives designated as hedging instruments in the condensed consolidated balance sheets as of September 30, 2014 and December 31, 2013:
 
 
 
Fair Value as of
Location on Balance Sheet (1):
 
September 30, 2014
 
December 31, 2013
 
 
(In thousands)
Derivatives designated as hedges — Liabilities:
 
 
 
 
Interest rate swap — Accrued expenses and other current liabilities (2)
 
$
1,289

 
$
1,676

Interest rate swap — Other liabilities (2)
 
—

 
763

Total Derivatives designated as hedges — Liabilities
 
$
1,289

 
$
2,439

 
(1) 
The Company classifies derivative assets and liabilities as current based on the cash flows expected to be incurred within the following 12 months.
(2) 
At September 30, 2014 and December 31, 2013, the notional amount related to the Company’s sole interest rate swap was $101.3 million and $112.5 million, respectively. In the next twelve months, the Company expects to reduce the notional amount by the entire $101.3 million.
Effect Of Derivative Instruments Designated As Cash Flow Hedges On Statements Of Operations
The following presents the effect of derivative instruments designated as cash flow hedges on the accompanying condensed consolidated statements of operations during the three and nine months ended September 30, 2014 and 2013:
 
 
Balance in AOCI
Beginning of
Quarter
 
Amount of
Gain (Loss)
Recognized in
AOCI-
Effective Portion
 
Amount of Gain (Loss)
Reclassified from
AOCI into
Earnings-Effective
Portion
 
Balance in AOCI
End of Quarter
 
Location in
Statements of
Operations
 
(In thousands)
Three Months Ended September 30, 2014
 
 
 
 
 
 
 
 
 
Interest rate swap
$
(1,713
)
 
$
(9
)
 
$
(433
)
 
$
(1,289
)
 
Interest (expense)
Three Months Ended September 30, 2013
 
 
 
 
 
 
 
 
 
Forward currency forward contracts
$
162

 
$
(19
)
 
$
110

 
$
33

 
Cost of goods sold
Interest rate swap
(3,030
)
 
(258
)
 
(483
)
 
(2,805
)
 
Interest (expense)
 
$
(2,868
)
 
$
(277
)
 
$
(373
)
 
$
(2,772
)
 
 



 
Balance in AOCI
Beginning of
Year
 
Amount of
Gain (Loss)
Recognized in
AOCI-
Effective Portion
 
Amount of Gain (Loss)
Reclassified from
AOCI into
Earnings-Effective
Portion
 
Balance in AOCI
End of Quarter
 
Location in
Statements of
Operations
 
(In thousands)
Nine Months Ended September 30, 2014
 
 
 
 
 
 
 
 
 
Interest rate swap
(2,439
)
 
(179
)
 
(1,329
)
 
(1,289
)
 
Interest (expense)
Nine Months Ended September 30, 2013
 
 
 
 
 
 
 
 
 
Forward currency forward contracts
(34
)
 
142

 
75

 
$
33

 
Cost of goods sold
Interest rate swap
(4,125
)
 
(159
)
 
(1,479
)
 
(2,805
)
 
Interest (expense)
 
$
(4,159
)
 
$
(17
)
 
$
(1,404
)
 
$
(2,772
)