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DERIVATIVES (Tables) | 12 Months Ended
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Dec. 31, 2012
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of fair values of derivative instruments on the Company's Consolidated Balance Sheets | Fair values of derivative instruments in the Company's Consolidated Balance Sheets follow:
|  | December 31, 2012 |  | December 31, 2011
Derivatives by hedge designation |  | Other Current Assets |  | Other Current Liabilities |  | Other Current Assets |  | Other Current Liabilities
Designated as hedging instruments: |  |  |  |  |  |  |  |
Foreign exchange contracts |  | $ | 352 |  |  | $ | 325 |  |  | $ | 801 |  |  | $ | 531 |
Not designated as hedging instruments: |  |  |  |  |  |  |  |
Foreign exchange contracts |  | 510 |  |  | 902 |  |  | 726 |  |  | 1,026 |
Commodity contracts |  | 731 |  |  | — |  |  | 1,559 |  |  | — |
Total derivatives |  | $ | 1,593 |  |  | $ | 1,227 |  |  | $ | 3,086 |  |  | $ | 1,557 |
Schedule of effects of undesignated derivative instruments on the Company's Consolidated Statements of Income | The effects of undesignated derivative instruments on the Company's Consolidated Statements of Income for the years ended December 31, 2012 and 2011 consisted of the following:
|  |  |  | Year Ended December 31,
Derivatives by hedge designation |  | Classification of gains (losses) |  | 2012 |  | 2011
Not designated as hedges: |  |  |  |  |  |
Foreign exchange contracts |  | Selling, general & administrative expenses |  | $ | 3,711 |  |  | $ | 92 |
Commodity contracts |  | Cost of goods sold |  | (1,117 | ) |  | 1,167 |
Commodity contracts |  | Other income |  | — |  |  | (12 | )
Schedule of effects of designated cash flow hedges on AOCI and the entity's Consolidated Statements of Income | The effects of designated cash flow hedges on AOCI and the Company's Consolidated Statements of Income for the years ended December 31, 2012 and 2011 consisted of the following:
|  | December 31,
Total gain recognized in AOCI, net of tax |  | 2012 |  | 2011
Foreign exchange contracts |  | $ | 80 |  |  | $ | 912 |
The Company expects a gain of $80 related to existing contracts to be reclassified from AOCI, net of tax, to earnings over the next 12 months as the hedged transactions are realized.
|  |  |  | Year Ended December 31,
Derivative type |  | Gain (loss) reclassified from AOCI to: |  | 2012 |  | 2011
Foreign exchange contracts |  | Sales |  | $ | 931 |  |  | $ | (91 | )
|  | Cost of goods sold |  | 234 |  |  | (1,292 | )

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- Definition Effects of designated fair value hedges and undesignated derivative instruments on the entity's Consolidated Statements of Income. + References No definition available. + Details
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- Definition Tabular disclosure of the effective portion of gains and losses on derivative instruments (and nonderivative instruments) designated and qualifying in cash flow hedges recorded in accumulated other comprehensive income (loss) during the term of the hedging relationship and reclassified into earnings during the current period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624171-113959 + Details
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- Definition 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 Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 133 -Paragraph 205G -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624163-113959 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 133 -Paragraph 44C -Subparagraph a -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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