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Risk Management and Derivatives (Tables)

3 Months Ended

Mar. 31, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of fair value of derivative financial instruments as well as their classification on Consolidated Balance Sheets

The table below presents the fair value of the Company's derivative financial instruments as well as their classification on the Consolidated Balance Sheets as of March 31, 2013 and December 31, 2012 ($ in thousands):

	Derivative Assets as of												Derivative Liabilities as of
	March 31, 2013						December 31, 2012						March 31, 2013						December 31, 2012
Derivative	Balance Sheet Location		Fair Value				Balance Sheet Location		Fair Value				Balance Sheet Location		Fair Value				Balance Sheet Location		Fair Value
Foreign exchange contracts	Other Assets		$	10,522			N/A		$	—			N/A		$	—			Other Liabilities		$	2,855
Cash flow interest rate swap	N/A		—				N/A		—				Other Liabilities		455				Other Liabilities		580
Total			$	10,522					$	—					$	455					$	3,435

Schedule of derivative financial instruments on Consolidated Statements of Operations

The tables below present the effect of the Company's derivative financial instruments on the Consolidated Statements of Operations for the three months ended March 31, 2013 and 2012 ($ in thousands):

Derivatives Designated in Hedging Relationships		Location of Gain (Loss) Recognized in Income on Derivative		Amount of Gain (Loss) Recognized in Accumulated Other Comprehensive Income (Effective Portion)				Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Earnings (Effective Portion)				Amount of Gain (Loss) Recognized in Earnings (Ineffective Portion)
For the Three Months Ended March 31, 2013
Cash flow interest rate swap		Interest Expense		$	37			$	74			N/A
For the Three Months Ended March 31, 2012
Cash flow interest rate swap		Interest Expense		$	(205	)		$	(5	)		N/A

				Amount of Gain or (Loss) Recognized in Income on Derivative
		Location of Gain or (Loss) Recognized in Income on Derivative		For the Three Months Ended March 31,
Derivatives not Designated in Hedging Relationships				2013				2012
Foreign Exchange Contracts		Other Expense		$	10,156			$	(8,859	)

Schedule of foreign currency derivatives outstanding

The following table presents the Company's foreign currency derivatives outstanding as of March 31, 2013 ($ in thousands):

Derivative Type		Notional Amount				Notional (USD Equivalent)				Maturity
Sells EUR/Buys USD Forward		€	84,400			$	108,222			April 2013
Sells GBP/Buys USD Forward		£	27,900			$	42,396			April 2013
Sells CAD/Buys USD Forward		C$	48,700			$	47,866			April 2013

Schedule of qualifying cash flow hedges

The following table presents the Company's interest rate swap outstanding as of March 31, 2013 ($ in thousands).

Derivative Type		Notional Amount				Variable Rate		Fixed Rate		Maturity
Interest Rate Swap		$	28,000			LIBOR + 2.00%		3.75%		November 2019

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Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges.

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-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 133

-Paragraph 205G

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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