Quarterly report pursuant to Section 13 or 15(d)

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)
 3 Months Ended
Mar. 31, 2017
Derivative Instruments And Hedging Activities Tables  
Schedule of outstanding derivatives not designated as hedges in qualifying hedging relationships [Table TextBlock]
Non-Designated Derivative Summary
    Number of
Instruments 		    Sell
Notional 		    Buy
Notional 		 
FX Forward Contracts                        
Sell AUD/Buy USD Fwd Contract     6     $ 1,275     $ 960  
Sell CAD/Buy USD Fwd Contract     8     $ 8,150     $ 6,179  
Total     14             $ 7,139  
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 March 31, 2017 and December 31, 2016 (in thousands):

 

    Tabular Disclosure of Fair Values of Derivative Instruments  
    Derivatives Asset     Derivative Liabilities  
    Fair Value as of:  
    March 31,     December 31,     March 31,     December 31,  
    2017     2016     2017     2016  
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     $ 8     $ 0  
Sell CAD/Buy USD Fwd Contract   $ 36     $ 0     $ 13     $ 0  
Total   $ 36     $ 0     $ 21     $ 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 March 31, 2017 and March 31, 2016 (in thousands):

           
    Effect of Derivative Instruments on the Income Statement
for Derivatives Not Designated as Hedging Instruments for the
Three Months Ended March 31, 2017 and 2016 		 
        Amount of Gain or (Loss)  
    Location of Gain or   Recognized in Income  
Derivatives Not Designated as
Hedging Instruments		   (Loss) Recognized 
in Income		   Three Months Ended
March 31,		  
        2017     2016  
Sell AUD/Buy USD Fwd Contract   Other Inc/Exp   $ (8 )   $ (35 )
Sell CAD/Buy USD Fwd Contract   Other Inc/Exp     38       (545 )
Total       $ 30     $ (580 )
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 March 31, 2017 (in thousands):

 

    Recurring Fair Value Measurements  
    Quoted Prices in Active                                      
    Markets for Identical     Significant Other     Significant              
    Assets and Liabilities     Observable Inputs     Unobservable Inputs              
    (Level 1)     (Level 2)     (Level 3)     Total Fair Value at As of  
    March 31,     March 31,     March 31,     March 31,  
    2017     2016     2017     2016     2017     2016     2017     2016  
Assets                                                                
Derivative Financial Instruments   $ 0     $ 0     $ 36     $ 0     $ 0     $ 0     $ 36     $ 0  
Liabilities                                                                
Derivative Financial Instruments   $ 0     $ 0     $ (21 )   $ (469 )    $ 0     $ 0     $ (21 )   $ (469 )