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)
 6 Months Ended
Jun. 30, 2016
Derivative Instruments And Hedging Activities Tables  
Schedule of outstanding derivatives not designated as hedges in qualifying hedging relationships [Table TextBlock]

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

 

Non-Designated Derivative Summary

 

    Number of Instruments   Sell Notional   Buy Notional
FX Forward Contracts                        
Sell AUD/Buy USD Fwd Contract     2     $ 400     $ 281  
Sell CAD/Buy USD Fwd Contract     2     $ 9,300     $ 6,861  
Total     4             $ 7,142  
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 June 30, 2016 and December 31, 2015 (in thousands):

 

    Tabular Disclosure of Fair Values of Derivative Instruments
    Derivatives Asset   Derivative Liabilities
    Fair Value as of:
    June 30,   December 31,   June 30,   December 31,
    2016   2015   2016   2015
Derivatives Not Designated as Hedging Instruments                
FX Forward Contracts                                
Balance Sheet Location   Other Assets     Other Assets     Other
Liabilities		     Other
Liabilities		  
Sell AUD/Buy USD Fwd Contract   $ 0     $ 0     $ (16 )   $ 0  
Sell CAD/Buy USD Fwd Contract   $ 0     $ 0     $ (335 )   $ 0  
                                 
Total   $ 0     $ 0     $ (351 )   $ 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 June 30, 2016 and June 30, 2015 (in thousands):

Effect of Derivative Instruments on the Income Statement for Derivatives Not Designated
as Hedging Instruments for the Three and Six Months Ended June 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		   Amount of Gain
or (Loss) Recognized
in Income
        Three Months Ended   Six Months Ended
        June 30,   June 30,
        2016   2015   2016   2015
                     
Sell AUD/Buy USD Fwd Contract   Other Inc/Exp   $ 8     $ 0     $ (27 )   $ 0  
Sell CAD/Buy USD Fwd Contract   Other Inc/Exp   $ (34 )   $ 0     $ (579 )   $ 0  
Total       $ (26 )   $ 0     $ (606 )   $ 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 June 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
    June 30,   June 30,   June 30,   June 30,   June 30,   June 30,   June 30,   June 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     $ (351 )   $ 0     $ 0     $ 0     $ (351 )   $ 0