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Derivative Instruments (Tables)
 12 Months Ended
Dec. 31, 2013
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Outstanding Forward Contracts

The Company had the following outstanding forward contracts that were entered into to mitigate foreign currency exchange rate risk (in thousands):

 

     As of December 31,
2013		      As of December 31,
2012		  

Currency

    Notional
Value		      USD
Equivalent		      Notional
Value		      USD
Equivalent		  

Derivatives Designated as Hedging Instruments:

            

Japanese Yen

      625,000       $ 6,122         -       $ -   

Hungarian Forint

      570,175         2,603         -         -   

Singapore Dollar

      2,867         2,346         -         -   

British Pound

      613         1,010         -         -   

Canadian Dollar

      985         932         -         -   

Derivatives Not Designated as Hedging Instruments:

            

Euro

      2,828       $ 3,887         2,743       $ 3,590   

Japanese Yen

      294,500         2,797         -         -   

British Pound

      1,100         1,820         -         -   

Chinese Renminbi

      9,000         1,467         -         -   

Taiwanese Dollar

      27,000         908         -         -   

Korean Won

      650,000         620         -         -   

Hungarian Forint

      123,000         568         -         -   

Brazilian Real

      250         106         -         -   

 
Fair Value of Forward Contracts Outstanding

Information regarding the fair value of the forward contracts outstanding as of December 31, 2013 and December 31, 2012 were as follows (in thousands):

 

    Asset Derivatives     Liability Derivatives  
    Balance
Sheet
    Location    		   Fair Value     Balance
Sheet
Location		   Fair Value  
      December 31,
2013		     December 31,
2012		       December 31,
2013		     December 31,
2012		  

Derivatives Designated as Hedging Instruments:

            

Cash flow hedge forward contracts

   Prepaid

expenses and

other current

assets

   $ 204      $ -      Accrued

expenses

   $ 98      $ -   

Derivatives Not Designated as Hedging Instruments:

            

Economic hedge forward contracts

   Prepaid
expenses and
other current
assets		   $ 6      $ 44      Accrued
expenses		   $ 24      $ 14   

 

 
Effect of the Derivative Instruments Net of the Underlying Exposure

Information regarding the effect of the derivative instruments, net of the underlying exposure, on the consolidated financial statements for each of the periods presented were as follows (in thousands):

 

    

Location in Financial
Statements

        2013             2012             2011      

Derivatives Designated as Hedging Instruments:

          

Gains (losses) in Shareholders’ equity on derivatives (effective portion)

    Accumulated other comprehensive income (loss)    $ 104      $ -      $ -   

Gains (losses) recognized in earnings on derivatives (ineffective portion and discontinued derivatives)

    Foreign currency gain (loss)    $ -      $ -      $ -   

Derivatives Not Designated as Hedging Instruments:

          

Gains (losses) recognized in earnings

    Foreign currency gain (loss)    $ (193 )    $ (722 )    $ 34   
Changes in Accumulated Other Comprehensive Income (Loss) Related to Derivative Instruments

The following table provides the balances and changes in accumulated other comprehensive income (loss) related to derivative instruments for the indicated periods (in thousands):

 

Beginning balance December 31, 2012

    $ -   

Amount reclassified to earnings

      -   

Net change

      104   
  

 

 

  

Ending balance December 31, 2013

    $ 104