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Table of Contents
UNITED ONLINE, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
6. DERIVATIVE INSTRUMENTS
The fair and notional values of outstanding derivative instruments were as follows (in thousands):
The effect of derivatives designated as net investment hedging instruments on accumulated other comprehensive loss was as follows (in
thousands):
The effect of derivatives designated as cash flow hedging instruments on accumulated other comprehensive loss, other income, net, and
technology and development expenses was as follows (in thousands):
F-28
Fair Value
of Derivative
Instruments
Notional Value
of Derivative
Instruments
December 31, December 31,
Balance Sheet Location
2011
2010
2011
2010
Derivative Assets:
Derivatives designated as net investment
hedging instruments:
Forward foreign currency exchange
contracts
Other current assets
$
63
$
—
$
1,860
$
—
Derivatives not designated as hedging
instruments:
Forward foreign currency exchange
contracts
Other current assets
$
309
$
—
$
4,209
$
—
Derivative Liabilities:
Derivatives designated as cash flow
hedging instruments:
Forward foreign currency exchange
contracts
Accrued liabilities
$
(240
)
$
—
$
5,228
$
—
Change in Gains
Recognized in
Accumulated Other
Comprehensive Loss
on Derivatives Before
Tax
Year Ended
December 31,
Derivatives Designated as Net Investment Hedging Instruments 2011 2010 2009
Forward foreign currency exchange contracts
$
207
$
—
$
—
Change in Losses
Recognized in
Accumulated Other
Comprehensive Loss
on Derivatives Before
Tax
Year Ended
December 31,
Derivatives Designated as Cash Flow Hedging Instruments 2011 2010 2009
Forward foreign currency exchange contracts
$
(188
)
$
—
$
—