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INVACARE CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS-(Continued)
FS-37
Foreign exchange forward contracts not qualifying or designated for hedge accounting treatment entered into in 2013 and
2012, respectively, and outstanding were as follows (in thousands USD):
December 31, 2013 December 31, 2012
Notional
Amount Gain
(Loss) Notional
Amount Gain
(Loss)
AUD / USD . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 225 $ (1) $ — $ —
CAD / USD . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 22,194 $ (90)
EUR / USD . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14,867 250 18,060 416
CHF / USD . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,645 35 2,144 42
GBP / USD . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 3,514 60
NZD / USD . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,824 (1) — —
CAD / AUD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,989 10 1,508 3
EUR / AUD . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,039 80 1,928 51
GBP / AUD . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 1,356 26
NOK / AUD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 1,039 40
NZD / AUD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 2,128 25
EUR / DKK . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,470 (3) 11,555 (28)
$ 34,059 $ 370 $ 65,426 $ 545
The fair values of the Company’s derivative instruments were as follows (in thousands):
December 31, 2013 December 31, 2012
Assets Liabilities Assets Liabilities
Derivatives designated as hedging instruments under ASC 815
Foreign currency forward contracts . . . . . . . . . . . . . . . . . . . . . $ 414 $ 1,195 $ 375 $ 915
Interest rate swap contracts. . . . . . . . . . . . . . . . . . . . . . . . . . . . — 12 — 316
Derivatives not designated as hedging instruments under ASC
815
Foreign currency forward contracts . . . . . . . . . . . . . . . . . . . . . 375 5 687 142
Total derivatives . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 789 $ 1,212 $ 1,062 $ 1,373
The fair values of the Company’s foreign currency forward assets and liabilities are included in Other Current Assets and
Accrued Expenses, respectively in the Consolidated Balance Sheets.