Derivatives and Hedging Activities (Tables)
3 Months Ended
Mar. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Balance Sheet Location and Fair Value of Company

The following table presents the balance sheet location and fair value of the Company’s derivatives:

 

          Fair Value of Asset (Liability)  
    

Balance Sheet Location

   March 31, 2015     December 31, 2014  

Foreign currency contracts

  

Prepaid expenses and other current assets

   $ 2,323      $ 1,165   

Foreign currency contracts

  

Other accrued liabilities

     (2,575     (3,584
     

 

 

   

 

 

 

Total derivatives not designated as hedging instruments

$ (252 $ (2,419
     

 

 

   

 

 

 

Pretax Impact of Foreign Currency Forward Contracts not Designated as Hedging Instruments

The pretax impact of these foreign currency forward contracts on the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) is as follows:

 

Foreign Currency Forward Contracts

  

Location of Gain (Loss)

   Gain (Loss) Recognized  

Three Months Ended March 31, 2015

  

Other income (expense), net

   $ (4,800

Three Months Ended March 31, 2014

  

Other income (expense), net

   $ (3,032