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Derivatives (Tables)

6 Months Ended

Jun. 30, 2014

Derivative Instruments and Hedging Activities Disclosures [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, 2014 and December 31, 2013 ($ in thousands):

	Derivative Assets as of												Derivative Liabilities as of
	June 30, 2014						December 31, 2013						June 30, 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		$	333			Other Assets		$	1,418			Other Liabilities		$	2,133			Other Liabilities		$	1,653
Interest rate swaps	Other Assets		159				Other Assets		650				N/A		—				N/A		—
Interest rate cap	Other Assets		5,617				Other Assets		9,107				N/A		—				N/A		—
Total			$	6,109					$	11,175					$	2,133					$	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 June 30,								For the Six Months Ended June 30,
Derivatives not Designated in Hedging Relationships				2014				2013				2014				2013
Foreign exchange contracts		Other Expense		$	(751	)		$	(414	)		$	747			$	9,742

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 and six months ended June 30, 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) Reclassified from Accumulated Other Comprehensive Income into Earnings  (Ineffective Portion)
For the Three Months Ended June 30, 2014
Interest rate cap		Other Expense		$	(2,022	)		$	—			$	(3,634	)
Interest rate swaps		Interest Expense		(693		)		(39		)		N/A
Foreign exchange contracts		Other Expense		(127		)		—				N/A
For the Three Months Ended June 30, 2013
Interest rate swap		Interest Expense		844				79				N/A
Foreign exchange contracts		Other Expense		344				—				N/A
For the six months ended June 30, 2014
Interest rate cap		Other Expense		(2,984		)		—				(3,634		)
Interest rate swaps		Interest Expense		(1,041		)		96				N/A
Foreign exchange contracts		Other Expense		(579		)		—				N/A
For the six months ended June 30, 2013
Interest rate swap		Interest Expense		882				151				N/A
Foreign exchange contracts		Other Expense		344				—				N/A

Foreign exchange contracts | Designated as hedge

Derivative Instruments and Hedging Activities Disclosures [Line Items]

Schedule of Notional Amounts of Outstanding Derivative Positions

As of June 30, 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			$	7,576			June 2015

Foreign exchange contracts | Not designated as hedge

Derivative Instruments and Hedging Activities Disclosures [Line Items]

Schedule of Notional Amounts of Outstanding Derivative Positions

As of June 30, 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		€	46,950			$	64,287			July 2014
Sells pound sterling ("GBP")/Buys USD Forward		£	3,800			$	6,501			July 2014
Sells Canadian dollar ("CAD")/Buys USD Forward		C$	40,500			$	37,966			July 2014

Interest rate cap

Derivative Instruments and Hedging Activities Disclosures [Line Items]

Schedule of Notional Amounts of Outstanding Derivative Positions

As of June 30, 2014, the Company had the following outstanding interest rate cap that was used to hedge its variable rate debt that was not designated ($ 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

Derivative Instruments and Hedging Activities Disclosures [Line Items]

Schedule of Notional Amounts of Outstanding Derivative Positions

As of June 30, 2014, the Company had the following outstanding interest rate swap that was used to hedge its variable rate debt that was designated ($ in thousands):

Derivative Type

Notional Amount

Variable Rate

Fixed Rate

Effective Date

Maturity

Interest rate swap

$

27,708

LIBOR + 2.00%

3.47%

October 2012

November 2019

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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=35706170&loc=SL5618551-113959



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-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

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-Section 50

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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=35706170&loc=SL5624163-113959

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Tabular disclosure of the notional amounts of outstanding derivative positions.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 1A

-Subparagraph (d)

-URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5579245-113959

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