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Derivative Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2014
Information Related to Recurring Fair Value Measurement of Derivative Instruments in Our Consolidated Condensed Balance Sheet

Information related to the recurring fair value measurement of derivative instruments in our consolidated condensed balance sheet as of March 31, 2014 is as follows:

 

 

  

 

  

 

  

Asset Derivatives

 

  

Liability Derivatives

 

  

Net Asset/
(Liabilities)

 

 

  

Hedge 
Designation

  

Fair Value
Hierarchy

  

Balance Sheet
Location

 

  

Fair
Value

 

  

Balance Sheet
Location

  

Fair
Value

 

  

 

 

CRS

  

Not a hedge

  

Level 2

  

 

 

 

  

 

 

 

  

Current liabilities

  

$

2,771

  

  

 

 

 

 

  

 

  

 

  

 

 

 

  

 

 

 

  

Non current 
liabilities

  

 

8,306

  

  

 

 

  

Total CRS

  

 

  

 

  

 

 

 

  

 

 

 

  

 

  

$

11,077

  

  

$

11,077

  

Foreign currency derivatives

  

Cash flow hedge

  

Level 2

  

 

Current assets

  

  

$

211

  

  

Non current 
liabilities

  

$

149

  

  

$

62

  

Foreign currency derivatives

  

Not a hedge

  

Level 2

  

 

Current assets

  

  

$

134

  

  

 

  

 

 

 

  

$

134

  

 

  

 

  

 

  

 

Non current 
assets

 

  

 

1,704

  

  

 

  

 

 

  

  

$

1,704

  

Total foreign currency derivatives

  

 

  

 

  

 

 

 

  

$

2,049

  

  

 

  

$

149

  

  

$

1,900

  

Interest rate swap derivatives

  

Cash flow hedge

  

Level 2

  

 

 

 

  

 

 

 

  

Current liabilities

  

$

43

  

  

$

43

  

 

Information Related to Effect of Derivative Instruments on Our Consolidated Condensed Income Statements

Information relating to the effect of derivative instruments on our consolidated condensed income statements is as follows:

 

 

  

Location

  

Three Months
Ended
March 31,
2014

 

 

Three Months
Ended
March 31,
2013

 

Foreign currency derivatives

  

Revaluation of derivatives

  

$

262

 

 

 

(974

 

 

Cost of Sales

 

 

53

 

 

 

 

 

 

Selling, general and administrative

 

 

48

 

 

 

 

 

 

Other Comprehensive Income

 

 

61

 

 

 

 

 

  

Foreign currency gain (loss)

  

 

(453

 

 

(291

)

Total foreign currency derivatives

  

 

  

$

(29

 

$

(1,265

CRS

  

Revaluation of derivatives

  

$

(509

)

 

$

1,320

 

Interest Rate Swap

  

Interest Expense

  

$

 

 

$

(1

 

  

Other Comprehensive Income

  

 

39

 

 

 

39