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Table of Contents
For details of the Company’s fair value measurements, please see Note 13, Fair Value of Financial Instruments .
The effects of the Company’
s derivative instruments on other comprehensive income and the Consolidated Statement of Operations for the
year ended December 31, 2011 and December 31, 2010 are summarized as follows:
81
Derivative Liabilities
Balance
Sheet
Location
Fair Value at
December 31,
2011
Balance
Sheet
Location
Fair Value at
December 31,
2010
(In thousands)
Derivative liabilities not designated as
hedging instruments
Other accrued liabilities
$
(654
)
Other accrued liabilities
$
(770
)
Derivative liabilities designated as
hedging instruments
Other accrued liabilities
(69
)
Other accrued liabilities
(19
)
Total
$
(723
)
$
(789
)
Year ended
December 31, 2011
December 31, 2010
Derivatives Not Designated as Hedging
Instruments
Location of Gains or (Losses)
Recognized in Income on
Derivative
Amount of Gains or
(Losses) Recognized in
Income on Derivative
Amount of Gains or
(Losses) Recognized in
Income on Derivative
(In thousands)
Foreign currency forward contracts
Other income (expense), net
$
(957
)
$
(172
)
Derivatives Designated as
Hedging Instruments
Year ended December 31, 2011
Gain or (Loss)
Recognized in
OCI-
Effective
Portion (a)
Location of Gain
or (Loss)
Reclassified from
OCI into
Income-Effective
Portion
Gain or (Loss)
Reclassified
from OCI into
Income-
Effective
Portion (a)
Location of Gain or (Loss)
Recognized in Income and
Excluded from
Effectiveness Testing
Amount of Gain or
(Loss) Recognized in
Income and
Excluded from
Effectiveness Testing
(In thousands)
Cash flow hedges:
Foreign currency forward contracts
$
542
Net revenue
$
967
Other income (expense), net
$
(310
)
Foreign currency forward contracts
—
Cost of revenue
(4
)
Other income (expense), net
—
Foreign currency forward contracts
—
Operating expenses
(154
)
Other income (expense), net
—
Total
$
542
$
809
$
(310
)