XML 50 R39.htm IDEA: XBRL DOCUMENT v3.7.0.1
Derivatives (Tables)
 6 Months Ended
Jun. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivatives at Fair Value on a Recurring Basis
The following table sets forth the total net fair value of derivatives:  
 
 
June 30, 2017
 
December 31, 2016
 
 
Fair Value Measurement Using
 
Total Balance
 
Fair Value Measurement Using
 
Total Balance
(In thousands)
 
Level 1
 
Level 2
 
Level 3
 
 
Level 1
 
Level 2
 
Level 3
 
Foreign currency exchange contracts
 
$
—

 
$
(479
)
 
$
—

 
$
(479
)
 
$
—

 
$
(1,584
)
 
$
—

 
$
(1,584
)
Schedule of Futures Contracts
Details of foreign currency exchange contracts held were as follows:
Date Held
 
Type
 
Position Held
 
Notional Value
(in millions)
 
Forward Rate
 
Unrealized Gain/(Loss) Recorded at Balance Sheet
Date
(in thousands)(1)
 
Settlement Date
June 30, 2017
 
USD/Euro
 
USD
 
$
21.0

 
1.1149

 
$
(537
)
 
July 28, 2017
June 30, 2017
 
USD/Chinese Yuan Renminbi
 
USD
 
$
12.0

 
6.8655

 
$
(128
)
 
July 28, 2017
June 30, 2017
 
USD/Brazilian Real
 
USD
 
$
4.5

 
3.2330

 
$
188

 
October 20, 2017
June 30, 2017
 
USD/Brazilian Real
 
BRL
 
$
1.0

 
3.3660

 
$
(2
)
 
October 20, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2016
 
USD/Euro
 
USD
 
$
18.0

 
1.0513

 
$
(61
)
 
January 27, 2017
December 31, 2016
 
USD/Chinese Yuan Renminbi
 
Chinese Yuan Renminbi
 
$
25.0

 
6.7230

 
$
(974
)
 
January 13, 2017
December 31, 2016
 
USD/Chinese Yuan Renminbi
 
Chinese Yuan Renminbi
 
$
10.0

 
6.6757

 
$
(457
)
 
January 13, 2017
December 31, 2016
 
USD/Brazilian Real
 
USD
 
$
2.0

 
3.4775

 
$
(131
)
 
January 13, 2017
December 31, 2016
 
USD/Brazilian Real
 
USD
 
$
4.0

 
3.2316

 
$
39

 
January 13, 2017
(1) 
Unrealized gains on foreign currency exchange contracts are recorded in prepaid expenses and other current assets. Unrealized losses on foreign currency exchange contracts are recorded in other accrued expenses.