Derivatives (Tables)

3 Months Ended

Mar. 31, 2014

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, 2014 and December 31, 2013 ($ in thousands):



	Derivative Assets as of						Derivative Liabilities as of
	March 31, 2014			December 31, 2013			March 31, 2014			December 31, 2013
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	$	1,467	Other Assets	$	1,418	Other Liabilities	$	1,623	Other Liabilities	$	1,653
Interest rate swap	Other Assets	488		Other Assets	650		N/A	—		N/A	—
Interest rate cap	Other Assets	8,144		Other Assets	9,107		N/A	—		N/A	—
Total		$	10,099		$	11,175		$	1,623		$	1,653

Schedule of derivative financial instruments on Consolidated Statements of Operations



		Amount of Gain or (Loss) Recognized in Income
	Location of Gain or (Loss) Recognized in Income	For the Three Months Ended March 31,
Derivatives not Designated in Hedging Relationships	Location of Gain or (Loss) Recognized in Income	2014		2013
Foreign Exchange Contracts	Other Expense	$	1,498	$	10,156

The tables below present the effect of the Company's derivative financial instruments on the Consolidated Statements of Operations and the Consolidated Statements of Comprehensive Income (Loss) for the three months ended March 31, 2014 and 2013 ($ 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 March 31, 2014
Interest rate cap	Interest Expense	$	(962	)	$	—	N/A
Interest rate swap	Interest Expense	$	(348	)	$	135	N/A
Foreign exchange contracts	Other Expense	$	(452	)	$	—	N/A
For the three months ended March 31, 2013
Interest rate swap	Interest Expense	$	37		$	74	N/A

Schedule of foreign currency derivatives outstanding

As of March 31, 2014, 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 euro ("EUR")/Buys USD Forward	€	72,200	$	99,479	April 2014
Sells pound sterling ("GBP")/Buys USD Forward	£	3,800	$	6,335	April 2014
Sells Canadian dollar ("CAD")/Buys USD Forward	C$	41,500	$	37,564	April 2014

he following table presents the Company's qualifying cash flow hedges outstanding as of March 31, 2014 ($ 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

27,831

LIBOR + 2.00%

3.47%

October 2012

November 2019

As of March 31, 2014, 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	$	7,614	June 2015