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Risk Management and Derivatives (Tables)
 6 Months Ended
Jun. 30, 2013
Derivative [Line Items]  
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 June 30, 2013 and December 31, 2012 ($ in thousands):
 
Derivative Assets as of
 
Derivative Liabilities as of
 
June 30, 2013
 
December 31, 2012
 
June 30, 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
 
$
1,991

 
N/A
 
$
—

 
Other Liabilities
 
$
2,043

 
Other Liabilities
 
$
2,855

Cash flow interest rate swap
Other Assets
 
480

 
N/A
 
—

 
N/A
 
—

 
Other Liabilities
 
580

Total
 
 
$
2,471

 
 
 
$
—

 
 
 
$
2,043

 
 
 
$
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 and six months ended June 30, 2013 and 2012 ($ in thousands):
Derivatives Designated in Hedging Relationships
 
Location of Gain (Loss)
Recognized in Income
 
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 June 30, 2013
 
 
 
 

 
 

 
 
Cash flow interest rate swap
 
Interest Expense
 
$
844

 
$
79

 
N/A
Foreign exchange contract
 
Other Expense
 
$
344

 
$
—

 
N/A
For the Three Months Ended June 30, 2012
 
 
 
 

 
 

 
 
Cash flow interest rate swap
 
Interest Expense
 
$
(85
)
 
$
(68
)
 
N/A
For the Six Months Ended June 30, 2013
 
 
 
 
 
 
 
 
Cash flow interest rate swap
 
Interest Expense
 
$
882

 
$
151

 
N/A
Foreign exchange contract
 
Other Expense
 
$
344

 
$
—

 
N/A
For the Six Months Ended June 30, 2012
 
 
 
 
 
 
 
 
Cash flow interest rate swap
 
Interest Expense
 
$
(124
)
 
$
(240
)
 
N/A
Schedule of qualifying cash flow hedges
The following table presents the Company's interest rate swap outstanding as of June 30, 2013 ($ in thousands).
Derivative Type
 
Notional
Amount
 
Variable Rate
 
Fixed Rate
 
Maturity
Interest Rate Swap
 
$
28,000

 
LIBOR + 2.00%
 
3.75%
 
November 2019
Designated as Hedging Instrument [Member]
  
Derivative [Line Items]  
Schedule of derivative instruments
As of June 30, 2013, the Company had the following outstanding foreign currency derivatives that were used to hedge its net investments in foreign operations that were designated:
Derivative Type
 
Notional
Amount
 
Notional
(USD Equivalent)
 
Maturity
Sells INR/Buys USD Forward
 
₨
456,000

 
$
7,642

 
January 2014
 
 
Amount of Gain or (Loss) Recognized in Accumulated Other Comprehensive Income (Effective Portion)
 
 
For the Three Months
Ended June 30,
 
For the Six Months
Ended June 30,
Derivatives Designated in Hedging Relationships
 
2013
 
2012
2013
 
2012
Foreign Exchange Contracts
 
$
344

 
$
—

 
$
344

 
$
—
Not Designated as Hedging Instrument [Member]
  
Derivative [Line Items]  
Schedule of derivative instruments
As of June 30, 2013, the Company had the following outstanding foreign currency derivatives that were used to hedge its net investments in foreign operations that were not designated:
Derivative Type
 
Notional
Amount
 
Notional
(USD Equivalent)
 
Maturity
Sells EUR/Buys USD Forward
 
€
84,400

 
$
109,831

 
July 2013
Sells GBP/Buys USD Forward
 
£
27,900

 
$
42,421

 
July 2013
Sells CAD/Buys USD Forward
 
C$
43,150

 
$
41,042

 
July 2013
 
 
 
 
Amount of Gain or (Loss)
Recognized in Income
 
 
Location of Gain or
(Loss) Recognized in
Income
 
For the Three Months
Ended June 30,
 
For the Six Months
Ended June 30,
Derivatives not Designated in Hedging Relationships
 
2013
 
2012
2013
 
2012
Foreign Exchange Contracts
 
Other Expense
 
$
(414
)
 
$
10,191

 
$
9,742

 
$
1,332