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Derivatives (Tables)
 3 Months Ended
Mar. 31, 2014
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 March 31, 2014 and December 31, 2013:

 

     March 31, 2014  

Currency Hedged (Buy/Sell)

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

U.S. Dollar/Japanese Yen

    $ 14,995       $ 345   

U.S. Dollar/South Korean Won

      15,037         (258 ) 

U.S. Dollar/Euro

      4,344         (51 ) 

U.S. Dollar/U.K. Pound Sterling

      2,517         (43 ) 
  

 

 

     

 

 

  

Total

    $ 36,893       $ (7 ) 
  

 

 

     

 

 

  

 

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

 

     December 31, 2013  

Currency Hedged (Buy/Sell)

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

U.S. Dollar/Japanese Yen

    $ 7,191       $ 920   

U.S. Dollar/South Korean Won

      9,254         (521 ) 

U.S. Dollar/Euro

      2,806         (85 ) 

U.S. Dollar/U.K. Pound Sterling

      1,767         (50 ) 
  

 

 

     

 

 

  

Total

    $ 21,018       $ 264   
  

 

 

     

 

 

  

 

(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

    March 31, 2014     December 31, 2013  

Derivative assets:

     

Forward exchange contracts

    $ 401      $ 920   

Derivative liabilities:

     

Forward exchange contracts

      (408 )      (656 ) 
  

 

 

    

 

 

  

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

    $ (7 )    $ 264   
  

 

 

    

 

 

  

 

(1) The derivative assets of $401 and derivative liabilities of $408 are classified in other current assets and other current liabilities, respectively, in the consolidated balance sheet as of March 31, 2014. The derivative asset of $920 and derivative liability of $656 are classified in other current assets and other current liabilities, respectively, in the consolidated balance sheet as of December 31, 2013. 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 March 31,  

Derivatives Designated as Cash Flow Hedging Relationships

    2014     2013  

Forward exchange contracts:

     

Net (loss) gain recognized in OCI(1)

    $ (334 )    $ 1,779   

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

    $ (94 )      203   

 

(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 months ended March 31, 2014 and 2013.
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 March 31,  

Derivatives Not Designated as Hedging Instruments

    2014      2013  

Forward exchange contracts:

      

Net gain recognized in income(1)

    $ 106       $ 491   

 

(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.