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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

9 Months Ended

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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Tabular disclosure of gain (loss) on derivative and nonderivative instruments designated and qualifying as cash flow hedge recorded in accumulated other comprehensive income (AOCI) and reclassified into earnings.

+ References

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-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C

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Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References

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-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-Publisher FASB
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Tabular disclosure of derivative instruments (including nonderivative instruments that are designated and qualify as hedging instruments) of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position.

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-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-Publisher FASB
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