DERIVATIVES (Tables)

9 Months Ended

Sep. 30, 2016

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, 2016						December 31, 2015
Derivatives by hedge designation	Other Current Assets		Other Current Liabilities		Other Long-Term Liabilities		Other Current Assets		Other Current Liabilities
Designated as hedging instruments:
Foreign exchange contracts	$	199	$	670	$	—	$	178	$	731
Interest rate swap agreements	—		—		165		—		—
Not designated as hedging instruments:
Foreign exchange contracts	941		553		—		625		2,303
Commodity contracts	—		—		—		40		8
Total derivatives	$	1,140	$	1,223	$	165	$	843	$	3,042

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 Operations for the three and nine months ended September 30, 2016 and 2015 consisted of the following:



		Three Months Ended September 30,						Nine Months Ended September 30,
Derivatives by hedge designation	Classification of gain (loss)	2016			2015			2016			2015
Not designated as hedges:
Foreign exchange contracts	Selling, general & administrative expenses	$	(2,952	)	$	(7,993	)	$	(9,862	)	$	(15,085	)
Commodity contracts	Cost of goods sold	—			182			(742		)	232

Schedule of effects of designated 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 Operations consisted of the following:



Total gain (loss) recognized in AOCI, net of tax	September 30, 2016			December 31, 2015
Foreign exchange contracts	$	(535	)	$	(551	)
Net investment contracts	1,099			1,099

The Company expects a loss of $535 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.



		Three Months Ended September 30,						Nine Months Ended September 30,
Derivative type	Gain (loss) reclassified from AOCI to:	2016			2015			2016			2015
Foreign exchange contracts	Sales	$	(174	)	$	(279	)	$	(1,113	)	$	(800	)
	Cost of goods sold	(171		)	120			(401		)	733