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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables) | 9 Months Ended
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Sep. 30, 2023
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES |
Schedule of fair value of derivative instruments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Fair value |  |
​ | ​ | September 30, |  | December 31, |  | ​
Derivatives designated as hedging instruments | ​ | 2023 | ​ | 2022 | ​ | Balance Sheet location
Assets: |  | ​ |  |  | ​ |  | ​ |
Commodity contracts | ​ | $ | 3,273 | ​ | $ | — | ​ | Accounts receivable, net
Commodity contracts | ​ | $ | 371 | ​ | $ | — | ​ | Other assets
Liabilities: | ​ |  |  | ​ |  |  | ​ |
Commodity contracts | ​ | $ | (210) | ​ | $ | — | ​ | Accrued liabilities
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Fair value |  |
​ | ​ | September 30, |  | December 31, |  | ​
Derivatives not designated as hedging instruments | ​ | 2023 | ​ | 2022 | ​ | Balance Sheet location
Assets: |  | ​ |  |  | ​ |  | ​ |
Foreign currency exchange contracts | ​ | $ | 1,614 | ​ | $ | 965 | ​ | Accounts receivable, net
Liabilities: | ​ |  |  | ​ |  |  | ​ |
Foreign currency exchange contracts | ​ | $ | (919) | ​ | $ | (4,698) | ​ | Accrued liabilities
Schedule of changes in the fair values of derivatives designated as cash flow hedges had on other comprehensive income ("OCI"), AOCI and earnings | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Three-months ended September 30, 2023
Derivatives |  | ​ | ​ |  | ​ |  | Gain (loss)
designated as | ​ | Gain (loss) recognized | ​ | Location of gain (loss) | ​ | reclassified from
hedging instruments | ​ | in AOCI | ​ | recognized in income | ​ | AOCI into income
Commodity contracts | ​ | $ | 4,700 |  | Cost of sales | ​ | $ | —
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Nine-months ended September 30, 2023
Derivatives |  | ​ | ​ |  | ​ |  | Gain (loss)
designated as | ​ | Gain (loss) recognized | ​ | Location of gain (loss) | ​ | reclassified from
hedging instruments | ​ | in AOCI | ​ | recognized in income | ​ | AOCI into income
Commodity contracts | ​ | $ | 3,434 |  | Cost of sales | ​ | $ | —
Schedule of net gains (losses) on derivative instruments in the consolidated statements of income | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Gain (loss)
​ | ​ | ​ | ​ | recognized in income on
​ | ​ | ​ | ​ | derivatives
​ | ​ | ​ | ​ | Three-months ended
Derivatives not designated as | ​ | Location of gain (loss) | ​ | September 30, | ​ | September 30,
hedging instruments | ​ | recognized in income on derivatives | ​ | 2023 | ​ | 2022
Foreign currency exchange contracts |  | Interest and other income (expense), net | ​ | $ | 5,080 | ​ | $ | 4,631
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Gain (loss)
​ | ​ | ​ | ​ | recognized in income on
​ | ​ | ​ | ​ | derivatives
​ | ​ | ​ | ​ | Nine-months ended
Derivatives not designated as | ​ | Location of gain (loss) | ​ | September 30, | ​ | September 30,
hedging instruments | ​ | recognized in income on derivatives | ​ | 2023 | ​ | 2022
Foreign currency exchange contracts |  | Interest and other income (expense), net | ​ | $ | (4,695) | ​ | $ | 1,355

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