DERIVATIVES (Tables)

9 Months Ended

Sep. 30, 2014

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:



	September 30, 2014				December 31, 2013
Derivatives by hedge designation	Other Current Assets		Other Current Liabilities		Other Current Assets		Other Current Liabilities
Designated as hedging instruments:
Foreign exchange contracts	$	480	$	355	$	706	$	219
Not designated as hedging instruments:
Foreign exchange contracts	1,157		3,531		766		228
Commodity contracts	480		—		262		47
Total derivatives	$	2,117	$	3,886	$	1,734	$	494

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 three and nine month periods ended September 30, 2014 and 2013 consisted of the following:



		Three Months Ended September 30,						Nine Months Ended September 30,
Derivatives by hedge designation	Classification of gain (loss)	2014			2013			2014			2013
Not designated as hedges:
Foreign exchange contracts	Selling, general & administrative expenses	$	(4,746	)	$	3,186		$	(3,448	)	$	194
Commodity contracts	Cost of goods sold	1,024			(916		)	523			2,340

Schedule of effects of designated cash flow hedges on AOCI and the entity's Consolidated Statements of Income

The effects of designated hedges on AOCI and the Company’s Consolidated Statements of Income consisted of the following:



Total gain (loss) recognized in AOCI, net of tax	September 30, 2014		December 31, 2013
Foreign exchange contracts	$	85	$	369



		Three Months Ended September 30,					Nine Months Ended September 30,
Derivative type	Gain (loss) reclassified from AOCI to:	2014			2013		2014		2013
Foreign exchange contracts	Sales	$	(23	)	$	165	$	27	$	467
	Cost of goods sold	(61		)	304		175		453