v2.4.0.8
Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2013
Financial Assets and Liabilities Measured at Fair Value on Recurring Basis by Level within Fair Value Hierarchy

Financial assets and liabilities measured at fair value on a recurring basis, by level within the fair value hierarchy, consisted of the following (in thousands), as of:

 

          September 30, 2013  
          Fair Value Measurements
Using Input Types
 
    

Line Item

   Level 1      Level 2      Level 3      Total  

Non-hedging derivative assets:

              

Foreign currency forward contracts

  

Prepaid expenses and other current assets

   $ 0       $ 0       $ 0       $ 0   

Non-hedging derivative liabilities:

              

Foreign currency forward contracts

  

Accounts payable and accrued expenses

   $ 0       $ 42       $ 0       $ 42
Sale Contracts Consisted in Foreign Currency Forward Contracts Outstanding
All foreign currency forward contracts outstanding as of September 30, 2013 were for durations of three months or less and consisted of the following sale contracts (in thousands):

 

     Notional Value
Local Currency
     Notional Value
U.S. Dollar
     Fair Value
Gain (Loss)
U.S. Dollar
 

Forward contracts to sell:

           

Australian Dollar

     AUD         1,081       $ 1,000       $ (2

Brazilian Real

     BRL         2,287         1,000         (9

British Pound

     GBP         807         1,300         (5

Canadian Dollar

     CAD         414         400         0   

Chinese Renminbi

     CNY         9,262         1,500         (4

Euro

     EUR         3,554         4,800         (7

Indian Rupee

     INR         12,933         200         (1

Japanese Yen

     JPY         128,089         1,300         (5

Korean Won

     KRW         758,933         700         (2

Mexican Peso

     MXN         2,659         200         (1

Polish Zloty

     PLN         5,033         1,600         (2

Russian Rouble

     RUB         6,596         200         0   

Singapore Dollar

     SGD         503         400         (1

South African Rand

     ZAR         7,139         700         0   

Swedish Krona

     SEK         1,936         300         0   

Swiss Franc

     CHF         272         300         (1

Turkish New Lira

     TRY         207         100         (1

United Arab Emirates Dirham

     AED         737         200         (1
        

 

 

    

 

 

 
         $ 16,200       $ (42
        

 

 

    

 

 

 
Changes in Fair Value of Foreign Currency Forward Contracts

Changes in the fair value of our foreign currency forward contracts for each of the three and nine months ended September 30, 2013 and 2012 were as follows (in thousands):

 

    

Gains (Losses) on Derivative Instruments Recognized in Income

 
          Three months ended
September 30,
     Nine months ended
September 30,
 
    

Location

   2013     2012      2013     2012  

Non-hedging derivative instruments:

            

Foreign currency forward contracts outstanding

  

Other income (expense), net

   $ (47   $ 0       $ (42   $ 0   

Foreign currency forward contracts settled

  

Other income (expense), net

   $ (524   $ 0       $ (524   $ 0