XML 42 R24.htm IDEA: XBRL DOCUMENT
v3.2.0.727

Financial Instruments and Fair Value Measurements (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2015
Financial Instruments and Fair Value Measurements [Abstract] |
Notional Amounts and Fair Values of Derivative Instruments in the Consolidated Balance | The notional amounts and fair values of derivative instruments in the condensed consolidated balance sheets were as follows:
|  |  |  | Prepaid expenses |  |  |
|  | Notional |  | and other current assets / |  | Accrued expenses and
| Amounts (A) |  | other long-term assets |  | other current liabilities
| June 30, | December 31, |  | June 30, | December 31, |  | June 30, | December 31,
| 2015 | 2014 |  | 2015 | 2014 |  | 2015 | 2014
Derivatives designated as hedging instruments |  |  |  |  |  |  |
Cash Flow Hedges: |  |  |  |  |  |  |  |
Forward currency contracts | $ 13,322 | $ 26,266 |  | $ 730 | $ 479 |  | $ 522 | $ 478
Derivatives not designated as hedging instruments |  |  |  |  |  |
Forward currency contracts | $ 1,693 | $ 3,523 |  | - | - |  | $ 4 | $ 13
Fixed price commodity contracts | - | 317 |  | - | - |  | - | $ 69
(A) | Notional amounts represent the gross contract / notional amount of the derivatives outstanding. The fixed price commodity contract notional amounts are in pounds.
Amounts Recorded for the Cash Flow Hedges in Other Comprehensive Income (Loss) in Shareholders' Equity and in Net Income | Amounts recorded for the cash flow hedges in other comprehensive income (loss) and in net income (loss) for the three months ended June 30 are as follows:
|  | Gain (loss) recorded in other comprehensive income (loss) |  | Gain (loss) reclassified from other comprehensive income (loss) into net income |
|  | 2015 |  | 2014 |  | 2015 |  | 2014 |
Derivatives designated as cash flow hedges: |  |  |  |  |  |  |  |  |  |  |  |  |
Forward currency contracts |  | $ | (900) |  | $ | 416 |  | $ | (172) |  | $ | 423 |
Fixed price commodity contracts |  |  | - |  |  | 154 |  |  | - |  |  | (91) |
Total derivatives designated as cash flow hedges |  | $ | (900) |  | $ | 570 |  | $ | (172) |  | $ | 332 |
Amounts recorded for the cash flow hedges in other comprehensive income (loss) and in net income (loss) for the six months ended June 30 are as follows:
|  | Gain (loss) recorded in other comprehensive income (loss) |  | Gain (loss) reclassified from other comprehensive income (loss) into net income |
|  | 2015 |  | 2014 |  | 2015 |  | 2014 |
Derivatives designated as cash flow hedges: |  |  |  |  |  |  |  |  |  |  |  |  |
Forward currency contracts |  | $ | (103) |  | $ | 534 |  | $ | (310) |  | $ | 242 |
Fixed price commodity contracts |  |  | - |  |  | (318) |  |  | - |  |  | (121) |
Total derivatives designated as cash flow hedges |  | $ | (103) |  | $ | 216 |  | $ | (310) |  | $ | 121 |
Schedule of Assets and Liabilities that are Measured at Fair Value on a Recurring Basis | The following table presents our assets and liabilities that are measured at fair value on a recurring basis and are categorized using the three levels of the fair value hierarchy based on the reliability of the inputs used.
|  | June 30, |  | December 31, |
|  | 2015 |  | 2014 |
|  | Fair values estimated using |  |  |  |
|  |  |  |  | Level 1 |  | Level 2 |  | Level 3 |  |  |  |
|  | Fair value |  | inputs (A) |  | inputs (B) |  | inputs (C) |  | Fair value |
Financial assets carried at fair value: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swap contract |  | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | - |
Forward currency contracts |  | $ | 730 |  | $ | - |  | $ | 730 |  | $ | - |  | $ | 479 |
Total financial assets carried at fair value |  | $ | 730 |  | $ | - |  | $ | 730 |  | $ | - |  | $ | 479 |
Financial liabilities carried at fair value: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Forward currency contracts |  | $ | 526 |  | $ | - |  | $ | 526 |  | $ | - |  | $ | 491 |
Fixed price commodity contracts |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 69 |
Total financial liabilities carried at fair value |  | $ | 526 |  | $ | - |  | $ | 526 |  | $ | - |  | $ | 560 |
(A) | Fair values estimated using Level 1 inputs, which consist of quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. The Company did not have any recurring fair value estimates using Level 1 inputs at June 30, 2015 or December 31, 2014.
(B) | Fair values estimated using Level 2 inputs, other than quoted prices, that are observable for the asset or liability, either directly or indirectly and include among other things, quoted prices for similar assets or liabilities in markets that are active or inactive as well as inputs other than quoted prices that are observable. For forward currency and fixed price commodity, inputs include foreign currency exchange rates and commodity indexes.
(C) | Fair values estimated using Level 3 inputs consist of significant unobservable inputs. The Company did not have any recurring fair value estimates using Level 3 inputs at June 30, 2015 or December 31, 2014.

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the effective portion of gains and losses on derivative instruments (and nonderivative instruments) designated and qualifying in cash flow hedges recorded in accumulated other comprehensive income (loss) during the term of the hedging relationship and reclassified into earnings during the current period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfCashFlowHedgesIncludedInAccumulatedOtherComprehensiveIncomeLossTableTextBlock
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 assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19190-110258 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration