Derivative Instruments And Hedging Activities (Tables)

6 Months Ended

Jun. 30, 2013

Derivative Instruments And Hedging Activities [Abstract]

Summary Of Notional Amounts Of Derivative Instruments

(In thousands)		US Dollar Equivalent
		As of June 30, 2013		As of December 31,
		(Unaudited)		2012
Euro	$	60,559	$	84,770
Japanese yen		31,639		42,209
Hungarian forint		31,979		36,005
Total forward contracts notional amount	$	124,177	$	162,984

Fair Values Of Derivative Instruments On Consolidated Balance Sheets

	Asset Derivatives
	June 30, 2013			December 31, 2012
(In thousands)	(Unaudited)
	Balance Sheet Location		Fair Value	Balance Sheet Location		Fair Value
Derivatives designated as hedging instruments
Foreign exchange contracts - ST forwards	Prepaid expenses and other current assets	$	4,191	Prepaid expenses and other current assets	$	2,956
Foreign exchange contracts - LT forwards	Other long-term assets		2,567	Other long-term assets		1,046
Total derivatives designated as hedging instruments		$	6,758		$	4,002
Derivatives not designated as hedging instruments
Foreign exchange contracts - ST forwards	Prepaid expenses and other current assets	$	1,249	Prepaid expenses and other current assets	$	244
Total derivatives not designated as hedging instruments		$	1,249		$	244
Total derivatives		$	8,007		$	4,246

	Liability Derivatives
	June 30, 2013			December 31, 2012
(In thousands)	(Unaudited)
	Balance Sheet Location		Fair Value	Balance Sheet Location		Fair Value
Derivatives designated as hedging instruments
Foreign exchange contracts - ST forwards	Accrued expenses and other liabilities	$	(846)	Accrued expenses and other liabilities	$	(1,292)
Foreign exchange contracts - LT forwards	Other long-term liabilities		(259)	Other long-term liabilities		(798)
Total derivatives designated as hedging instruments		$	(1,105)		$	(2,090)
Derivatives not designated as hedging instruments
Foreign exchange contracts - ST forwards	Accrued expenses and other liabilities	$	(433)	Accrued expenses and other liabilities	$	(714)
Total derivatives not designated as hedging instruments		$	(433)		$	(714)
Total derivatives		$	(1,538)		$	(2,804)

Effect Of Derivative Instruments On Consolidated Statements Of Income

The following tables present the effect of derivative instruments on our Consolidated Statements of Income for the three month periods ended June 30, 2013 and 2012, respectively:

June 30, 2013
(In thousands)
(Unaudited)
Derivatives in Cash Flow Hedging Relationship		Gain or (Loss) Recognized in OCI on Derivative (Effective Portion)	Location of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)		Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)	Location of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion)		Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion)
Foreign exchange contracts - forwards and options	$	(268)	Net sales	$	804	Net foreign exchange gain (loss)	$	-
Foreign exchange contracts - forwards and options		1,161	Cost of sales		(34)	Net foreign exchange gain (loss)		-
Foreign exchange contracts - forwards and options		681	Operating expenses		(9)	Net foreign exchange gain (loss)		-
Total	$	1,574		$	761		$	-

June 30, 2012
(In thousands)
(Unaudited)
Derivatives in Cash Flow Hedging Relationship		Gain or (Loss) Recognized in OCI on Derivative (Effective Portion)	Location of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)		Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)	Location of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion)		Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion)
Foreign exchange contracts - forwards and options	$	1,281	Net sales	$	728	Net foreign exchange gain (loss)	$	-
Foreign exchange contracts - forwards and options		(377)	Cost of sales		103	Net foreign exchange gain (loss)		-
Foreign exchange contracts - forwards and options		(157)	Operating expenses		8	Net foreign exchange gain (loss)		-
Total	$	747		$	839		$	-

(In thousands)
Derivatives not Designated as Hedging Instruments	Location of Gain (Loss) Recognized in Income		Amount of Gain (Loss) Recognized in Income		Amount of Gain (Loss) Recognized in Income
			June 30, 2013		June 30, 2012
			(Unaudited)		(Unaudited)
Foreign exchange contracts - forwards	Net foreign exchange gain/(loss)	$	502	$	794
Total		$	502	$	794

The following tables present the effect of derivative instruments on our Consolidated Statements of Income for the six month periods ended June 30, 2013 and 2012, respectively.

June 30, 2013
(In thousands)
(Unaudited)
Derivatives in Cash Flow Hedging Relationship		Gain or (Loss) Recognized in OCI on Derivative (Effective Portion)	Location of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)		Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)	Location of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion)		Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion)
Foreign exchange contracts - forwards and options	$	3,995	Net sales	$	1,962	Net foreign exchange gain (loss)	$	-
Foreign exchange contracts - forwards and options		(266)	Cost of sales		74	Net foreign exchange gain (loss)		-
Foreign exchange contracts - forwards and options		(77)	Operating expenses		(10)	Net foreign exchange gain (loss)		-
Total	$	3,652		$	2,026		$	-

June 30, 2012
(In thousands)
(Unaudited)
Derivatives in Cash Flow Hedging Relationship		Gain or (Loss) Recognized in OCI on Derivative (Effective Portion)	Location of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)		Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)	Location of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion)		Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion)
Foreign exchange contracts - forwards and options	$	1,743	Net sales	$	1,204	Net foreign exchange gain (loss)	$	-
Foreign exchange contracts - forwards and options		1,870	Cost of sales		95	Net foreign exchange gain (loss)		-
Foreign exchange contracts - forwards and options		1,018	Operating expenses		63	Net foreign exchange gain (loss)		-
Total	$	4,631		$	1,362		$	-

(In thousands)
Derivatives not Designated as Hedging Instruments	Location of Gain (Loss) Recognized in Income		Amount of Gain (Loss) Recognized in Income		Amount of Gain (Loss) Recognized in Income
			June 30, 2013		June 30, 2012
			(Unaudited)		(Unaudited)
Foreign exchange contracts - forwards	Net foreign exchange gain/(loss)	$	1,826	$	(236)
Total		$	1,826	$	(236)