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Derivatives (Tables)
 12 Months Ended
Dec. 31, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The following table sets forth the fair value amounts of derivative instruments held by the Company as of December 31.
 
 
2014
 
2013
 
 
Asset
Derivatives
 
Liability
Derivatives
 
Asset
Derivatives
 
Liability
Derivatives
Derivatives designated as hedging
instruments:
 
 
 
 
 
 
 
 
Interest rate contracts
 
$
—

 
$
(295
)
 
$
—

 
$
(370
)
Foreign exchange contracts
 
—

 
(652
)
 
—

 
(318
)
 
 
—

 
(947
)
 
—

 
(688
)
Derivatives not designated as
hedging instruments:
 
 
 
 
 
 
 
 
Foreign exchange contracts
 
460

 
(699
)
 
543

 
(67
)
Total derivatives
 
$
460

 
$
(1,646
)
 
$
543

 
$
(755
)
 
Asset derivatives are recorded in prepaid expenses and other current assets in the accompanying consolidated balance sheets. Liability derivatives related to interest rate contracts and foreign exchange contracts are recorded in other liabilities and accrued liabilities, respectively, in the accompanying consolidated balance sheets.
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)
The following table sets forth the gain (loss) recorded in accumulated other comprehensive income (loss), net of tax, for the years ended December 31, 2014 and 2013 for derivatives held by the Company and designated as hedging instruments.
 
 
2014
 
2013
Cash flow hedges:
 
 
 
 
Interest rate contracts
 
$
48

 
$
898

Foreign exchange contracts
 
(261
)
 
(985
)
 
 
$
(213
)
 
$
(87
)
 
Amounts included within accumulated other comprehensive income (loss) that were reclassified to expense during the year ended December 31, 2014 and 2013 related to the interest rate swaps resulted in a fixed rate of interest of 1.03% plus the borrowing spread for the first $100,000 of one-month LIBOR borrowings. The amounts reclassified for the foreign exchange contracts were not material. Additionally, there were no amounts recognized in income for hedge ineffectiveness during the years ended December 31, 2014 and 2013.
(Gain) Loss Recorded in Other (Income) Expense, Net in Consolidated Statements of Income
The following table sets forth the losses recorded in other expense (income), net in the consolidated statements of income for the years ended December 31, 2014 and 2013 for non-designated derivatives held by the Company. Such losses were substantially offset by gains recorded on the underlying hedged asset or liability.
 
 
2014
 
2013
Foreign exchange contracts
 
$
(810
)
 
$
(739
)