DERIVATIVES (Tables)

6 Months Ended

Jun. 30, 2018

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 Condensed Consolidated Balance Sheets follow:



	June 30, 2018						December 31, 2017
Derivatives by hedge designation	Other Current Assets		Other Current Liabilities		Other Liabilities		Other Current Assets		Other Current Liabilities		Other Liabilities
Designated as hedging instruments:
Foreign exchange contracts	$	416	$	1,623	$	—	$	519	$	604	$	—
Net investment contracts	608		46		—		—		—		—
Interest rate swap agreements	—		—		9,106		—		—		5,085
Not designated as hedging instruments:
Foreign exchange contracts	3,078		1,578		—		2,257		3,747		—
Total derivatives	$	4,102	$	3,247	$	9,106	$	2,776	$	4,351	$	5,085

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 consisted of the following:



		Three Months Ended June 30,					Six Months Ended June 30,
Derivatives by hedge designation	Classification of gain (loss)	2018			2017		2018		2017
Not designated as hedges:
Foreign exchange contracts	Selling, general & administrative expenses	$	(4,406	)	$	7,541	$	4,249	$	21,243

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 Income consisted of the following:



Total gain (loss) recognized in AOCI, net of tax	June 30, 2018			December 31, 2017
Foreign exchange contracts	$	(1,023	)	$	(224	)
Net investment contracts	1,521			1,099

The Company expects a loss of $1,023 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 June 30,					Six Months Ended June 30,
Derivative type	Gain (loss) recognized in the Consolidated Statements of Income:	2018			2017		2018		2017
Foreign exchange contracts	Sales	$	(37	)	$	797	$	106	$	612
	Cost of goods sold	20			202		53		368