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Derivatives (Tables)
 9 Months Ended
Sep. 30, 2013
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Summary of Primary Net Hedging Positions and Corresponding Fair Values

The following tables provide a summary of the primary net hedging positions and corresponding fair values held as of September 30, 2013 and December 31, 2012:

 

     September 30, 2013  

Currency Hedged (Buy/Sell)

    Gross Notional
Value		      F air Value(1)
Asset/(Liability)		  

U.S. Dollar/Japanese Yen

    $ 11,763       $ 746   

U.S. Dollar/South Korean Won

      18,081         (636 ) 

U.S. Dollar/Euro

      4,241         (76 ) 

U.S. Dollar/U.K. Pound Sterling

      2,444         (37 ) 
  

 

 

     

 

 

  

Total

    $ 36,529       $ (3 ) 
  

 

 

     

 

 

  

 

(1) Represents the fair value of the net asset / (liability) amount included in the consolidated balance sheets.

 

     December 31, 2012  

Currency Hedged (Buy/Sell)

    Gross Notional
Value		      Fair Value(1)
Asset/(Liability)		  

U.S. Dollar/Japanese Yen

    $ 13,992       $ 961   

U.S. Dollar/South Korean Won

      19,374         (1,180 ) 

U.S. Dollar/Euro

      4,217         (57 ) 

U.S. Dollar/U.K. Pound Sterling

      3,865         (73 ) 
  

 

 

     

 

 

  

Total

    $ 41,448       $ (349 ) 
  

 

 

     

 

 

  

 

(1) Represents the fair value of the net asset / (liability) amount included in the consolidated balance sheets.
Summary of Fair Value Amounts of Company's Derivative Instruments

The following table provides a summary of the fair value amounts of the Company’s derivative instruments:

 

Derivatives Designated as Hedging Instruments

    September 30, 2013     December 31, 2012  

Derivative assets:

     

Forward exchange contracts

    $ 746      $ 961   

Derivative liabilities:

     

Forward exchange contracts

      (749 )      (1,310 ) 
  

 

 

    

 

 

  

Total net derivative (liability) designated as hedging instruments(1)

    $ (3 )    $ (349 ) 
  

 

 

    

 

 

  

 

(1) The derivative assets of $746 and derivative liabilities of $749 are classified in other current assets and other current liabilities, respectively, in the consolidated balance sheet as of September 30, 2013. The derivative assets of $961 and derivative liabilities of $1,310 are classified in other current assets and other current liabilities, respectively, in the consolidated balance sheet as of December 31, 2012. These foreign exchange contracts are subject to a master netting agreement with one financial institution. However, the Company has elected to record these contracts on a gross basis in the balance sheet.
Summary of Gains (Losses) on Derivatives Designated as Hedging Instruments

The following table provides a summary of the gains (losses) on derivatives designated as hedging instruments:

 

     Three Months Ended
September 30,		     Nine Months Ended
September 30,		  

Derivatives Designated as Cash Flow Hedging Relationships

    2013     2012     2013     2012  

Forward exchange contracts:

         

Net (loss) recognized in OCI(1)

    $ (1,837 )    $ (581 )    $ (315 )    $ (312 ) 

Net gain (loss) reclassified from OCI into income(2)

    $ 297      $ (739 )    $ 1,102      $ (1,178 ) 

Net (loss) recognized in expense(3)

    $ —        $ (66 )    $ —        $ (66 ) 

 

(1) Net change in the fair value of the effective portion classified in OCI.
(2) Effective portion classified in cost of products for the three and nine months ended September 30, 2013 and selling, general and administrative expenses for the three and nine months ended September 30, 2012.
(3) Ineffective portion amount excluded from effectiveness testing which is recorded in selling, general and administrative expenses for the three and nine months ended September 30, 2012.
Summary of Gains on Derivatives Not Designated as Hedging Instruments

The following table provides a summary of gains on derivatives not designated as hedging instruments:

 

     Three Months Ended
September 30,		     Nine Months Ended
September 30,		  

Derivatives Not Designated as Hedging Instruments

    2013     2012     2013      2012  

Forward exchange contracts:

          

Net (loss) gain recognized in income(1)

    $ (514 )    $ (552 )    $ 141       $ (552 ) 

 

(1) The Company has a forward foreign exchange contract that hedges an intercompany loan with its Korean subsidiary. This hedge does not qualify for hedge accounting and any gains (losses) are recorded immediately in selling, general and administrative expenses.