Acelity L.P. Inc. - 10-K filing on 2014-03-10

Derivative Financial Instruments and Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2013

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The following table sets forth the location and aggregate fair value amounts of all derivative instruments with credit-related contingent features (in thousands):



	Asset Derivatives					Liability Derivatives
	Balance Sheet Location	Fair Value				Balance Sheet Location	Fair Value
	Balance Sheet Location	December 31, 2013		December 31, 2012		Balance Sheet Location	December 31, 2013		December 31, 2012
		Successor		Successor			Successor		Successor
Derivatives not designated as hedging instruments
Interest rate swap agreements	Other non-current assets	$	—	$	—	Other non-current liabilities	$	31,906	$	34,868
Interest rate cap agreements	Prepaid expenses and other	—		9		Accrued expenses and other	—		—
Foreign currency exchange contracts	Prepaid expenses and other	146		520		Accrued expenses and other	914		2,980
Total derivatives		$	146	$	529		$	32,820	$	37,848

Interest Rate Swap [Member]

Derivative [Line Items]

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)

The following table summarizes the amount of gain (loss) on interest rate swap agreements designated as cash flow hedges reported in our consolidated balance sheets under the caption “accumulated other comprehensive income” (“OCI”) or reclassified from accumulated OCI and into the consolidated statements of operations under the caption “interest expense” (in thousands):



	Year ended December 31,				Period from November 4 through December 31, 2011		Period from January 1 through November 3, 2011
	2013		2012		Period from November 4 through December 31, 2011		Period from January 1 through November 3, 2011
	Successor		Successor		Successor		Predecessor
Loss recognized in OCI	$	—	$	—	$	—	$	(1,627	)
Loss reclassified from OCI to interest expense	$	—	$	—	$	—	$	(2,717	)

Not Designated as Hedging Instrument [Member]

Derivative [Line Items]

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance

The following table summarizes the amount of gain (loss) on derivative not designated as hedging instruments (dollars in thousands):



	Year ended December 31,						Period from November 4 through December 31, 2011			Period from January 1 through November 3, 2011
	2013			2012			Period from November 4 through December 31, 2011			Period from January 1 through November 3, 2011
	Successor			Successor			Successor			Predecessor
Interest rate swap agreements	$	2,618		$	(25,486	)	$	(9,383	)	$	—
Interest rate cap agreements	(9		)	(1,583		)	(558		)	—
Foreign currency exchange contracts	(1,033		)	(4,364		)	468			(2,909		)
	$	1,576		$	(31,433	)	$	(9,473	)	$	(2,909	)

Not Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]

Derivative [Line Items]

Schedule of Notional Amounts of Outstanding Derivative Positions

The following chart summarizes these agreements (dollars in thousands):



Effective Dates	Original Notional Amount	Fixed Interest Rate
12/31/13-12/31/16	$512,633	2.256%
12/31/13-12/31/16	$512,633	2.249%
12/31/13-12/31/16	$512,633	2.250%