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Derivatives
 6 Months Ended
Jun. 30, 2011
Derivatives [Abstract]  
Schedule of Derivative Instruments [Text Block]
DERIVATIVES


Our business and financial results are affected by fluctuations in world financial markets, including interest rates and currency exchange rates.  Our hedging policy has been developed to manage these risks to an acceptable level based on management’s judgment of the appropriate trade-off between risk, opportunity and cost.  We do not hold financial instruments for trading or speculative purposes.


Currency forward contracts  From time to time, we use foreign currency forward contracts to reduce the effects of fluctuations in exchange rates, primarily relating to the Mexican Peso.  As of June 30, 2011, we have forward contracts outstanding with a notional amount of $57.9 million that hedge our exposure to changes in foreign currency exchange rates for our payroll expenses.  


The following table summarizes the reclassification of pre-tax derivative gains into net income from accumulated other comprehensive income (loss):
 
 
Location of
 
Gain Reclassified
 
Gain Expected to be
 
 
Gain
 
Three Months Ended
 
Six Months Ended
 
Reclassified
 
 
  Reclassified into
 
June 30,
 
June 30,
 
During the
 
 
  Net Income
 
2011
 
2010
 
2011
 
2010
 
Next 12 Months
 
 
 
 
(in millions)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Currency forward contracts
 
Cost of Goods Sold
 
$
1.5


 
$
—


 
$
2.2


 
$
—


 
$
2.2