XML 18 R33.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Derivatives (Tables) | 9 Months Ended
--- | ---
Sep. 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 September 30, 2014 and December 31, 2013 ($ in thousands):
| Derivative Assets as of |  | Derivative Liabilities as of
| September 30, 2014 |  | December 31, 2013 |  | September 30, 2014 |  | December 31, 2013
| Balance Sheet Location |  | Fair Value |  | Balance Sheet Location |  | Fair Value |  | Balance Sheet Location |  | Fair Value |  | Balance Sheet Location |  | Fair Value
Derivatives Designated in Hedging Relationships |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange contracts | Other Assets |  | $ | — |  |  | Other Assets |  | $ | 393 |  |  | Other Liabilities |  | $ | 497 |  |  | N/A |  | $ | — |
Interest rate swaps | Other Assets |  | 336 |  |  | Other Assets |  | 650 |  |  | N/A |  | — |  |  | N/A |  | — |
Interest rate cap | Other Assets |  | — |  |  | Other Assets |  | 9,107 |  |  | N/A |  | — |  |  | N/A |  | — |
Total |  |  | $ | 336 |  |  |  |  | $ | 10,150 |  |  |  |  | $ | 497 |  |  |  |  | $ | — |
Derivatives not Designated in Hedging Relationships |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange contracts | Other Assets |  | $ | 5,069 |  |  | Other Assets |  | $ | 1,025 |  |  | N/A |  | $ | — |  |  | Other Liabilities |  | $ | 1,653 |
Interest rate cap | Other Assets |  | $ | 6,346 |  |  | N/A |  | $ | — |  |  | N/A |  | $ | — |  |  | N/A |  | $ | — |
Total |  |  | $ | 11,415 |  |  |  |  | $ | 1,025 |  |  |  |  | $ | — |  |  |  |  | $ | 1,653 |
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 and the Consolidated Statements of Comprehensive Income (Loss) for the three and nine months ended September 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 September 30, 2014 |  |  |  |  |  |
Interest rate cap |  | Interest Expense |  | — |  |  | 15 |  |  | N/A |
Interest rate swaps |  | Interest Expense |  | 322 |  |  | (47 | ) |  | N/A |
Foreign exchange contracts |  | Other Expense |  | 89 |  |  | — |  |  | N/A |
For the Three Months Ended September 30, 2013 |  |  |  |  |  |
Interest rate cap |  | Interest Expense |  | (1,590 | ) |  | — |  |  | N/A |
Interest rate swap |  | Interest Expense |  | (204 | ) |  | 80 |  |  | N/A |
Foreign exchange contracts |  | Other Expense |  | 347 |  |  | — |  |  | N/A |
For the Nine Months Ended September 30, 2014 |  |  |  |  |  |  |  |  |
Interest rate cap |  | Interest Expense |  | — |  |  | 15 |  |  | N/A |
Interest rate cap |  | Other Expense |  | (2,984 | ) |  | — |  |  | (3,634 | )
Interest rate swaps |  | Interest Expense |  | (719 | ) |  | 49 |  |  | N/A |
Foreign exchange contracts |  | Other Expense |  | (490 | ) |  | — |  |  | N/A |
For the Nine Months Ended September 30, 2013 |  |  |  |  |  |  |  |  |
Interest rate cap |  | Interest Expense |  | (1,590 | ) |  | — |  |  | N/A |
Interest rate swap |  | Interest Expense |  | 678 |  |  | 231 |  |  | N/A |
Foreign exchange contracts |  | Other Expense |  | 691 |  |  | — |  |  | N/A |
|  |  |  | Amount of Gain or (Loss) Recognized in Income
|  | Location of Gain or (Loss) Recognized in Income |  | For the Three Months Ended September 30, |  | For the Nine Months Ended September 30,
Derivatives not Designated in Hedging Relationships |  | 2014 |  | 2013 |  | 2014 |  | 2013
Interest rate cap |  | Other Expense |  | $ | 728 |  |  | $ | — |  |  | $ | 224 |  |  | $ | — |
Foreign exchange contracts |  | Other Expense |  | 5,141 |  |  | (7,992 | ) |  | 5,888 |  |  | 1,750 |
Foreign exchange contracts | Designated as hedge |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |
Schedule of Notional Amounts of Outstanding Derivative Positions | As of September 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 |  |  | $ | 7,384 |  |  | 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 September 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 |  | € | 31,600 |  |  | $ | 39,914 |  |  | October 2014
Sells pound sterling ("GBP")/Buys USD Forward |  | £ | 600 |  |  | $ | 973 |  |  | October 2014
Sells Canadian dollar ("CAD")/Buys USD Forward |  | C$ | 40,500 |  |  | $ | 36,149 |  |  | October 2014
Interest rate cap |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |
Schedule of Notional Amounts of Outstanding Derivative Positions | As of September 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 September 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 |  | $ | 27,584 |  |  | LIBOR + 2.00% |  | 3.47% |  | October 2012 |  | November 2019

X
- Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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=35706170&loc=SL5618551-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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 + Details
Name: | us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration