Derivative Instruments And Hedging Activities (Tables)

6 Months Ended

Jun. 30, 2015

Derivative Instruments And Hedging Activities [Abstract]

Summary Of Notional Amounts Of Derivative Instruments

(In thousands)		US Dollar Equivalent
		As of June 30, 2015		As of December 31,
		(Unaudited)		2014
Euro	$	54,053	$	97,198
Japanese yen		3,451		7,798
Hungarian forint		52,086		61,067
British pound		11,227		22,809
Malaysian ringgit		16,072		10,241
Total forward contracts notional amount	$	136,889	$	199,113

Fair Values Of Derivative Instruments On Consolidated Balance Sheets

	Asset Derivatives
	June 30, 2015			December 31, 2014
(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	$	11,598	Prepaid expenses and other current assets	$	14,492
Foreign exchange contracts - LT forwards	Other long-term assets		-	Other long-term assets		-
Total derivatives designated as hedging instruments		$	11,598		$	14,492
Derivatives not designated as hedging instruments
Foreign exchange contracts - ST forwards	Prepaid expenses and other current assets	$	758	Prepaid expenses and other current assets	$	1,659
Total derivatives not designated as hedging instruments		$	758		$	1,659
Total derivatives		$	12,356		$	16,151

	Liability Derivatives
	June 30, 2015			December 31, 2014
(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	$	(3,373)	Accrued expenses and other liabilities	$	(1,937)
Foreign exchange contracts - LT forwards	Other long-term liabilities		(3,830)	Other long-term liabilities		(1,536)
Total derivatives designated as hedging instruments		$	(7,203)		$	(3,473)
Derivatives not designated as hedging instruments
Foreign exchange contracts - ST forwards	Accrued expenses and other liabilities	$	(928)	Accrued expenses and other liabilities	$	(780)
Total derivatives not designated as hedging instruments		$	(928)		$	(780)
Total derivatives		$	(8,131)		$	(4,253)

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 three month periods ended June 30, 2015 and 2014, respectively:

June 30, 2015
(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	$	(8,096)	Net sales	$	5,201	Net foreign exchange gain/(loss)	$	-
Foreign exchange contracts - forwards and options		258	Cost of sales		(509)	Net foreign exchange gain/(loss)		-
Foreign exchange contracts - forwards and options		120	Operating expenses		(378)	Net foreign exchange gain/(loss)		-
Total	$	(7,718)		$	4,314		$	-

June 30, 2014
(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	$	58	Net sales	$	(231)	Net foreign exchange gain/(loss)	$	-
Foreign exchange contracts - forwards and options		(142)	Cost of sales		101	Net foreign exchange gain/(loss)		-
Foreign exchange contracts - forwards and options		(3)	Operating expenses		86	Net foreign exchange gain/(loss)		-
Total	$	(87)		$	(44)		$	-

(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, 2015		June 30, 2014
			(Unaudited)		(Unaudited)
Foreign exchange contracts - forwards	Net foreign exchange gain/(loss)	$	(1,306)	$	(742)
Total		$	(1,306)	$	(742)

The following tables present the effect of derivative instruments on our Consolidated Statements of Income for the six month periods ended June 30, 2015 and 2014, respectively:

June 30, 2015
(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	$	(2,893)	Net sales	$	10,282	Net foreign exchange gain/(loss)	$	-
Foreign exchange contracts - forwards and options		(1,959)	Cost of sales		(842)	Net foreign exchange gain/(loss)		-
Foreign exchange contracts - forwards and options		(1,884)	Operating expenses		(742)	Net foreign exchange gain/(loss)		-
Total	$	(6,736)		$	8,698		$	-

June 30, 2014
(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	$	(977)	Net sales	$	115	Net foreign exchange gain/(loss)	$	-
Foreign exchange contracts - forwards and options		(739)	Cost of sales		182	Net foreign exchange gain/(loss)		-
Foreign exchange contracts - forwards and options		(244)	Operating expenses		104	Net foreign exchange gain/(loss)		-
Total	$	(1,960)		$	401		$	-

(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, 2015		June 30, 2014
			(Unaudited)		(Unaudited)
Foreign exchange contracts - forwards	Net foreign exchange gain/(loss)	$	639	$	(810)
Total		$	639	$	(810)