DERIVATIVES (Tables)

3 Months Ended

Mar. 31, 2019

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:



	March 31, 2019								December 31, 2018
Derivatives by hedge designation	Other Current Assets		Other Current Liabilities		Other Assets		Other Liabilities		Other Current Assets		Other Current Liabilities		Other Assets		Other Liabilities
Designated as hedging instruments:
Foreign exchange contracts	$	738	$	131	$	—	$	—	$	647	$	404	$	—	$	—
Interest rate swap agreements	—		—		1,063		4,657		—		—		302		7,033
Not designated as hedging instruments:
Foreign exchange contracts	5,546		1,931		—		—		6,375		829		—		—
Total derivatives	$	6,284	$	2,062	$	1,063	$	4,657	$	7,022	$	1,233	$	302	$	7,033

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 March 31,
Derivatives by hedge designation	Classification of gain (loss)	2019		2018
Not designated as hedges:
Foreign exchange contracts	Selling, general & administrative expenses	$	5,407	$	8,655

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	March 31, 2019		December 31, 2018
Foreign exchange contracts	$	502	$	173
Net investment contracts	1,521		1,521

The Company expects a gain of $502 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 March 31,
Derivative type	Gain (loss) recognized in the Consolidated Statements of Income:	2019		2018
Foreign exchange contracts	Sales	$	388	$	143
	Cost of goods sold	97		33