Invacare 2012 Annual Report Download - page 122
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INVACARE CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS-(Continued)
Foreign exchange forward contracts not qualifying or designated for hedge accounting treatment entered
into in 2012 and 2011, respectively, and outstanding were as follows (in thousands USD):
December 31, 2012 December 31, 2011
Notional
Amount
Gain
(Loss)
Notional
Amount
Gain
(Loss)
CAD/USD.............................. $ 22,194 $ (90) $ 2,146 $ 12
EUR/USD .............................. 18,060 416 — —
CHF/USD .............................. 2,144 42 3,419 (118)
GBP/USD .............................. 3,514 60 — —
CAD/AUD ............................. 1,508 3 — —
EUR/AUD ............................. 1,928 51 — —
GBP/AUD.............................. 1,356 26 — —
NOK/AUD ............................. 1,039 40 — —
NZD/AUD ............................. 2,128 25 — —
SEK/CAD .............................. — — 2,545 52
EUR/CAD.............................. — — 4,244 (10)
EUR/DKK ............................. 11,555 (28) 3,482 —
$ 65,426 $ 545 $ 15,836 $ (64)
The fair values of the company’s derivative instruments were as follows (in thousands):
December 31, 2012 December 31, 2011
Assets Liabilities Assets Liabilities
Derivatives designated as hedging instruments
under ASC 815
Foreign currency forward contracts ......... $ 375 $ 915 $ 1,621 $ 377
Interest rate swap contracts ............... — 316 18 388
Derivatives not designated as hedging
instruments under ASC 815
Foreign currency forward contracts ......... 687 142 64 128
Total derivatives ......................... $ 1,062 $ 1,373 $ 1,703 $ 893
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.
FS-42