XML 52 R33.htm IDEA: XBRL DOCUMENT v3.3.1.900
Financial Instruments Measured at Fair Value (Tables)
 12 Months Ended
Dec. 31, 2015
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
The following table presents assets (liabilities) measured at fair value on a recurring basis at December 31, 2015:

 
 
Level 1
 
Level 2
 
Level 3
 
Total
Available-for-sale securities
 
41,178

 
—

 
—

 
41,178

Interest rate swaps
 
—

 
711

 
—

 
711

Foreign exchange contracts
 
—

 
(738
)
 
—

 
(738
)
Contingent consideration
 
—

 
—

 
(3,889
)
 
(3,889
)
 
 
$
41,178

 
$
(27
)
 
$
(3,889
)
 
$
37,262


The following table presents assets (liabilities) measured at fair value on a recurring basis at December 31, 2014:

 
 
Level 1
 
Level 2
 
Level 3
 
Total
Cash and cash equivalents
 
$
99,000

 
$
—

 
$
—

 
$
99,000

Available-for-sale securities
 
38,109

 
—

 
—

 
38,109

Interest rate swaps
 
—

 
378

 
—

 
378

Foreign exchange contracts
 
—

 
694

 
—

 
694

Contingent consideration
 
—

 
—

 
(6,202
)
 
(6,202
)
 
 
$
137,109

 
$
1,072

 
$
(6,202
)
 
$
131,979
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]
The following table summarizes the Level 3 activity for the year ended December 31, 2015:

Balance as of December 31, 2014
$
(6,202
)
Fair value of initial contingent consideration
—

Change in fair value of contingent consideration included in earnings
(1,128
)
Payment of contingent consideration (a)
3,000

Foreign currency translation adjustment
441

Balance as of December 31, 2015
$
(3,889
)
Available-for-sale Securities [Text Block]
The fair value of the company's available-for-sale securities is as follows at December 31:
 
2015
 
2014
  
Marubun
 
Mutual Funds
 
Marubun
 
Mutual Funds
Cost basis
$
10,016

 
$
17,389

 
$
10,016

 
$
16,233

Unrealized holding gain
8,708

 
5,065

 
6,174

 
5,686

Fair value
$
18,724

 
$
22,454

 
$
16,190

 
$
21,919
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Text Block]
The fair values of derivative instruments in the consolidated balance sheets are as follows at December 31:
 
 
Asset (Liability) Derivatives
  
 
  
 
Fair Value
  
 
Balance Sheet
Location
 
2015
 
2014
Derivative instruments designated as hedges:
 
 
 
 
 
 
Interest rate swaps designated as fair value hedges
 
Other liabilities
 
$
—

 
$
(3
)
Interest rate swaps designated as fair value hedges
 
Other assets
 
711

 
381

Foreign exchange contracts designated as cash flow hedges
 
Other current assets
 
896

 
960

Foreign exchange contracts designated as cash flow hedges
 
Accrued expenses
 
(572
)
 
(376
)
Total derivative instruments designated as hedging instruments
 
 
 
1,035

 
962

Derivative instruments not designated as hedges:
 
 
 
 

 
 

Foreign exchange contracts
 
Other current assets
 
1,729

 
2,404

Foreign exchange contracts
 
Accrued expenses
 
(2,791
)
 
(2,294
)
Total derivative instruments not designated as hedging instruments
 
 
 
(1,062
)
 
110

Total
 
 
 
$
(27
)
 
$
1,072
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Text Block]
The effect of derivative instruments on the consolidated statements of operations is as follows for the years ended December 31:
 
 
Gain (Loss) Recognized in Income
  
 
2015
 
2014
 
2013
Fair value hedges:
 
 
 
 
 
 
Interest rate swaps (a)
 
$
—

 
$
—

 
$
—

Total
 
$
—

 
$
—

 
$
—

Derivative instruments not designated as hedges:
 
 
 
 
 
 
Foreign exchange contracts (b)
 
$
1,825

 
$
(793
)
 
$
(144
)
Total
 
$
1,825

 
$
(793
)
 
$
(144
)

 
 
Cash Flow Hedges
 
 
Interest Rate Swaps (c)
 
Foreign Exchange Contracts (d)
2015
 
 
 
 
Effective portion:
 
 
 
 
  Gain (loss) recognized in other comprehensive income
 
$
827

 
$
(1,001
)
  Gain (loss) reclassified into income
 
$
(592
)
 
$
2,930

Ineffective portion:
 
 
 
 
  Gain recognized in income
 
$
69

 
$
—

 
 
 
 
 
2014
 
 
 
 
Effective portion:
 
 
 
 
  Gain recognized in other comprehensive income
 
$
—

 
$
412

  Loss reclassified into income
 
$
(656
)
 
$
(402
)
Ineffective portion:
 
 
 
 
  Gain (loss) recognized in income
 
$
—

 
$
—

 
 
 
 
 
2013
 
 
 
 
Effective portion:
 
 
 
 
  Gain (loss) recognized in other comprehensive income
 
$
3,132

 
$
(243
)
  Gain (loss) reclassified into income
 
$
(537
)
 
$
439

Ineffective portion:
 
 
 
 
  Gain recognized in income
 
$
292

 
$
—



(a)
The amount of gain (loss) recognized in income on derivatives is recorded in "Interest and other financing expense, net" in the company's consolidated statements of operations.
(b)
The amount of gain (loss) recognized in income on derivatives is recorded in "Cost of sales" in the company's consolidated statements of operations.
(c)
Both the effective and ineffective portions of any gain (loss) reclassified or recognized in income are recorded in "Interest and other financing expense, net" in the company's consolidated statements of operations. The gain (loss) amounts reclassified into income relate to the termination of swaps.
(d)
Both the effective and ineffective portions of any gain (loss) reclassified or recognized in income are recorded in "Cost of sales" in the company's consolidated statements of operations.