v2.4.0.6
Derivatives and Other Financial Instruments and Hedging Activities (Tables)
 6 Months Ended
Jun. 30, 2012
Derivatives and Other Financial Instruments and Hedging Activities [Abstract]  
Summary of aggregate notional amount and estimated fair value of derivative instruments

The following table summarizes the aggregate notional amount and estimated fair value of the Company’s derivative instruments as of June 30, 2012 and December 31, 2011 (in thousands):

 

                                 
    As of June 30, 2012     As of December 31, 2011  
    Notional     Fair Value     Notional     Fair Value  

Foreign currency hedges:

                                

Foreign exchange contracts (1)

   $ 26,488     $ (3,432 )    $ 40,265     $ (3,807 ) 

Foreign exchange contracts — undesignated (2)

     —         —         3,680       (147 ) 
   

 

 

    

 

 

    

 

 

    

 

 

  

Net value

   $ 26,488     $ (3,432 )    $ 43,945     $ (3,954 ) 
   

 

 

    

 

 

    

 

 

    

 

 

  

 

(1) As disclosed above, the Company entered into the June 2011 FX Forward Contracts on June 30, 2011.
(2) As disclosed above, the January 2011 FX Forward Contracts were undesignated as a hedge on July 8, 2011 due to commercial acceptance of the New China Healthcare Line and subsequent recording of the remaining liability. The January 2011 FX Forward Contracts expired in March 2012 in conjunction with the final payment of the equipment purchase contract for the New China Healthcare Line.
Summary of effect on income by derivative instruments in cash flow hedging

The following tables summarize the effect on income by derivative instruments in cash flow hedging relationships for the following periods (in thousands):

 

                                             
    Amount of Gain (Loss) Recognized in Accumulated OCI on  Derivative (Effective Portion)  
                                   
    Successor          Predecessor  
    Three Months
Ended
June 30,
2012		     Three Months
Ended
July 2,
2011 		    Six Months
Ended
June 30,
2012		     Five Months
Ended
July 2,
2011		          One Month
Ended
January 28,
2011		  

Derivatives in Cash Flow Hedging Relationship

                                            

Derivatives designated as hedging instruments:

                                            

Interest rate contracts

     N/A       N/A       N/A       N/A         $   (3) 

 

                                             
    Amount of Gain (Loss) Reclassified from Accumulated OCI  into Income (1)  
                                   
    Successor          Predecessor  
    Three Months
Ended
June 30,
2012		     Three Months
Ended
July 2,
2011		     Six Months
Ended
June 30,
2012		     Five Months
Ended
July 2,
2011		          One Month
Ended
January 28,
2011		  

Derivatives in Cash Flow Hedging Relationship

                                            

Derivatives not designated as hedging instruments

     N/A       N/A       N/A       N/A         $ (187 ) 

 

(1) Amount of Gain (Loss) (Effective Portion) Reclassified from Accumulated Other Comprehensive Income into Income is located in Interest Expense, net in the Consolidated Statements of Operations.

See Note 12, “Fair Value of Financial Instruments and Non-Financial Assets and Liabilities” for additional disclosures related to the Company’s derivative instruments.