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Derivatives (Tables)
 6 Months Ended
Jun. 30, 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 June 30, 2014 and December 31, 2013:

 

     June 30, 2014  

Currency Hedged (Buy/Sell)

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

U.S. Dollar/Japanese Yen

    $ 16,170       $ (194 ) 

U.S. Dollar/South Korean Won

      17,742         (758 ) 

U.S. Dollar/Euro

      4,188         (11 ) 

U.S. Dollar/U.K. Pound Sterling

      2,340         (67 ) 

U.S. Dollar/Taiwan Dollar

      8,227         (87 ) 
  

 

 

     

 

 

  

Total

    $ 48,667       $ (1,117 ) 
  

 

 

     

 

 

  

 

(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

    June 30, 2014     December 31, 2013  

Derivative assets:

     

Forward exchange contracts

    $ 44      $ 920   

Derivative liabilities:

     

Forward exchange contracts

      (1,161 )      (656 ) 
  

 

 

    

 

 

  

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

    $ (1,117 )    $ 264   
  

 

 

    

 

 

  

 

(1) The derivative asset of $44 and derivative liability of $1,161 are classified in other current assets and other current liabilities, respectively, in the consolidated balance sheet as of June 30, 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 June 30,     Six Months Ended June 30,  

Derivatives Designated as Cash Flow Hedging Relationships

    2014     2013     2014     2013  

Forward exchange contracts:

         

Net (loss) gain recognized in OCI(1)

    $ (1,230 )    $ (257 )    $ (1,564 )    $ 1,359   

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

    $ (76 )    $ 602      $ (151 )    $ 805   

 

(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 six months ended June 30, 2014 and 2013.
Summary of (Losses) Gains on Derivatives Not Designated as Hedging Instruments

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

 

     Three Months Ended
June 30,		      Six Months Ended
June 30,		  

Derivatives Not Designated as Hedging Instruments

    2014     2013      2014     2013  

Forward exchange contracts:

          

Net (loss) gain recognized in income(1)

    $ (204 )    $ 163       $ (98 )    $ 654   

 

(1) The Company had a forward foreign exchange contract that hedged an intercompany loan with its Korean subsidiary, which expired during the three months ended June 30, 2014. This hedge did not qualify for hedge accounting and any gains (losses) were recorded immediately in selling, general and administrative expenses.