Quarterly report pursuant to Section 13 or 15(d)

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

v3.5.0.2
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)
 9 Months Ended
Sep. 30, 2016
Derivative Instruments And Hedging Activities Tables  
Schedule of outstanding derivatives not designated as hedges in qualifying hedging relationships [Table TextBlock]

As of September 30, 2016, the Company had the following outstanding derivatives that were not designated as hedges in qualifying hedging relationships (in thousands except for number of instruments):

 

Non-Designated Derivative Summary
    Number of
Instruments		     Sell Notional     Buy Notional  
FX Forward Contracts                        
Sell AUD/Buy USD Fwd Contract     1     $ 300     $ 210  
Sell CAD/Buy USD Fwd Contract     1     $ 4,200     $ 3,098  
Total     2             $ 3,308  
Schedule of fair value of the Company's derivative financial instruments [Table TextBlock]

The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the Balance Sheet as of September 30, 2016 and December 31, 2015 (in thousands):

 

    Tabular Disclosure of Fair Values of Derivative Instruments  
    Derivatives Asset     Derivative Liabilities  
    Fair Value as of:  
    September 30,     December 31,     September 30,     December 31,  
    2016     2015     2016     2015  
Derivatives Not Designated as Hedging Instruments                                
FX Forward Contracts                                
Balance Sheet Location   Other Assets     Other Assets     Other Current
Liabilities 		    Other Current
Liabilities 		 
Sell AUD/Buy USD Fwd Contract   $ 0     $ 0     $ (19 )   $ 0  
Sell CAD/Buy USD Fwd Contract   $ 0     $ 0     $ (103 )   $ 0  
Total   $ 0     $ 0     $ (122 )   $ 0  
Schedule of Effect of Derivative Instruments on the Income Statement [Table TextBlock]

The table below presents the effect of the Company’s derivative financial instruments on the Income Statement as of September 30, 2016 and September 30, 2015 (in thousands):

 

Effect of Derivative Instruments on the Income Statement for Derivatives Not Designated
as Hedging Instruments for the Three and  Nine Months Ended September 30, 2016 and 2015
Derivatives Not Designated as
Hedging Instruments		   Location of Gain or
(Loss) Recognized
in Income		   Amount of Gain or
(Loss) Recognized
in Income
Three Months
Ended
September 30,		     Amount of Gain or
(Loss) Recognized in
Income
Nine Months Ended
September 30,		  
        2016     2015     2016     2015  
Sell AUD/Buy USD Fwd Contract   Other Inc/Exp   $ (9 )   $ 0     $ (36 )   $ 0  
Sell CAD/Buy USD Fwd Contract   Other Inc/Exp     103       0       (476 )     0  
Total       $ 94     $ 0     $ (512 )   $ 0  
Schedule of total fair value classification of derivative transactions [Table TextBlock]

The table below presents the total fair value classification within the fair value hierarchy for the complete portfolio of derivative transactions at September 30, 2016 (in thousands):

 

    Recurring Fair Value Measurements  
    Quoted Prices in Active
Markets for Identical
Assets and Liabilities 		    Significant Other
Observable Inputs 		    Significant
Unobservable Inputs 		             
    (Level 1)     (Level 2)     (Level 3)     Total Fair Value at As of  
    September 30,     September 30,     September 30,     September 30,  
    2016     2015     2016     2015     2016     2015     2016     2015  
Assets                                                                
Derivative Financial Instruments   $ 0     $ 0     $ 0     $ 0     $ 0     $ 0     $ 0     $ 0  
Liabilities                                                                
Derivative Financial Instruments   $ 0     $ 0     $ (122 )   $ 0     $ 0     $ 0     $ (122 )   $ 0