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Derivatives and Hedging (Tables)
 12 Months Ended
Dec. 31, 2012
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Value Amounts of Derivative Instruments
The following table summarizes the fair value amounts of derivative instruments reported in the consolidated balance sheets as of December 31, 2012 and 2011:
 
 
Derivatives in Asset Positions
Fair value
 
Derivatives in Liability Positions
Fair value
(in thousands)
12/31/2012
 
12/31/2011
 
12/31/2012
 
12/31/2011
Derivative instruments designated as hedges
 
 
 
 
 
 
 
Interest rate contracts
$
—

 
$
—

 
$
—

 
$
—

Foreign exchange contracts
—

 
658

 
—

 
(1,723
)
Total derivative instruments designated as hedges
$
—

 
$
658

 
$
—

 
$
(1,723
)
Undesignated derivative instruments

 

 

 

Foreign exchange contracts
$
833

 
$
5,489

 
$
(12,911
)
 
$
(769
)
Total derivative instruments
$
833

 
$
6,147

 
$
(12,911
)
 
$
(2,492
)
Schedule of Gains on Derivative Instruments
The following tables summarize the locations and gains on derivative instruments for the years ended December 31, 2012 and 2011:
 
Year-Ended December 31, 2012 (in thousands)
Gain/(loss)
recognized in AOCI
 
Location of
(gain) loss in
income statement
 
(Gain) loss
reclassified
from AOCI into
income
 
Gain recognized
in income
Cash-flow hedges
 
 
 
 
 
 
 
Interest rate contracts
$
—

 
Interest expense
 
$
—

 
$
—

Foreign exchange contracts
305

 
Other expense / income, net
 
781

 
—

Total
$
305

 
 
 
$
781

 
$
—

Undesignated derivative instruments

 
 
 

 

Foreign exchange contracts
$
—

 
Other expense / income, net
 
$
—

 
$
(13,456
)

 
Year-Ended December 31, 2011 (in thousands)
Gain/(loss)
recognized in AOCI
 
Location of
(gain) loss in
income statement
 
(Gain) loss
reclassified
from AOCI into
income
 
Loss recognized
in income
Cash-flow hedges
 
 
 
 
 
 
 
Interest rate contracts
$
2,721

 
Interest expense
 
$
—

 
n/a

Foreign exchange contracts
2,696

 
Other expense / income, net
 
(3,961
)
 
n/a

Total
$
5,417

 
 
 
$
(3,961
)
 
n/a

Undesignated derivative instruments

 
 
 

 

Foreign exchange contracts
n/a

 
Other expense / income, net
 
n/a

 
$
14,194