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DERIVATIVE FINANCIAL INSTRUMENTS
9 Months Ended
Sep. 30, 2012
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
DERIVATIVE FINANCIAL INSTRUMENTS
14.           DERIVATIVE FINANCIAL INSTRUMENTS
 
The Company periodically enters into certain forward foreign currency exchange contracts that are designed to mitigate foreign currency risk.  These contracts are not designated as hedging instruments.  At December 31, 2011, the Company had foreign currency exchange contracts (Euros to Dollars) with notional values aggregating $0.6 million maturing in April 2012.  The fair value of the contracts is presented in accounts receivable in our consolidated balance sheet at December 31, 2011.  In January 2012, the Company entered into additional foreign currency exchange contracts maturing in the fourth quarter of 2013.  Due to the volatility of the Euro, in August 2012 the Company entered into foreign currency exchange contracts which have the impact of directly offsetting the notional values and fair values of all open foreign currency exchange contracts at September 30, 2012.  Changes in the fair value of the foreign currency exchange contracts are recognized each period in other income and expense in our consolidated statements of income.  A gain of $83,000 was recognized for the three months ended September 30, 2012 and a gain of $4,000 was recognized for the nine months ended September 30, 2012.