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Risk Management and Derivatives (Tables)

12 Months Ended

Dec. 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 December 31, 2013 and 2012 ($ in thousands):

	Derivative Assets as of December 31,												Derivative Liabilities as of December 31,
	2013						2012						2013						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		$	1,418			N/A		$	—			Other Liabilities		$	1,653			Other Liabilities		$	2,855
Interest rate swap	Other Assets		650				N/A		—				N/A		—				Other Liabilities		580
Interest rate cap	Other Assets		9,107				N/A		—				N/A		—				N/A		—
Total			$	11,175					$	—					$	1,653					$	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 years ended December 31, 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 Year Ended December 31, 2013
Interest rate cap		Interest Expense		$	(1,517	)		$	—			N/A
Interest rate swap		Interest Expense		$	869			$	310			N/A
Foreign exchange contracts		Other Expense		$	393			$	—			N/A
For the Year Ended December 31, 2012
Interest rate swap		Interest Expense		$	(968	)		$	(44	)		N/A
For the Year Ended December 31, 2011
Interest rate swap		Interest Expense		$	(1,553	)		$	(180	)		N/A

				Amount of Gain or (Loss) Recognized in Income
		Location of Gain or (Loss) Recognized in Income		For the Years Ended December 31,
Derivatives not Designated in Hedging Relationships				2013				2012				2011
Foreign Exchange Contracts		Other Expense		$	880			$	(8,920	)		$	17,406

Schedule of foreign currency derivatives outstanding

The following table presents the Company's qualifying cash flow hedges outstanding as of year ended December 31, 2013 ($ in thousands).

Derivative Type

Notional Amount

Variable Rate

Fixed Rate

Effective Date

Maturity

Interest Rate Cap

$

500,000

LIBOR

1.00%

July 2014

July 2017

Interest Rate Swap

$

27,958

LIBOR + 2.00%

3.47%

October 2012

November 2019

As of December 31, 2013, the Company had the following outstanding foreign currency derivatives that were used to hedge its net investments in foreign operations that were designated ($ in thousands):

Derivative Type		Notional Amount				Notional (USD Equivalent)				Maturity
Sells INR/Buys USD Forward		₨	456,000			$	7,379			January 2014

As of December 31, 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 ($ in thousands):

Derivative Type		Notional Amount				Notional (USD Equivalent)				Maturity
Sells EUR/Buys USD Forward		€	80,500			$	110,696			January 2014
Sells GBP/Buys USD Forward		£	3,800			$	6,295			January 2014
Sells CAD/Buys USD Forward		C$	41,500			$	39,036			January 2014

X

- Definition

Tabular disclosure of the notional amount of foreign currency derivatives outstanding and maturity dates.

+ References

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- Definition

Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 4A

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5618551-113959



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-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 4C

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Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 4B

-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624163-113959

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