XML 59 R23.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Derivative Instruments (Notes)
 12 Months Ended
Dec. 31, 2019
Derivative Instruments [Abstract]  
Derivative Instruments and Hedging Activities Disclosure [Text Block] Derivative Instruments
The Company uses derivative instruments, specifically, forward foreign exchange contracts, to manage the risk associated with the volatility of future cash flows. The foreign exchange contracts are used to mitigate the impact of exchange rate fluctuations on certain forecasted purchases of inventory and are designated as cash flow hedging instruments. As of December 31, 2019, the fair value of the Company's foreign currency derivatives, which is included on the Consolidated Balance Sheets in other liabilities, is $495. As of December 31, 2019 and 2018, the Company's hedging activities were considered effective and, thus, no ineffectiveness from hedging activities was recognized in the Consolidated Statements of Income. The following table presents the pre-tax amounts from derivative instruments affecting income and other comprehensive income ("OCI") for the years ended December 31, 2019, 2018 and 2017, respectively:

Cash Flow Hedges
Forward Contracts:
Location of Gain or Loss Recognized in Net Income on Derivative
 
Gain/(Loss) Recognized in Accumulated OCI
 
Gain/(Loss) Reclassified into Income From Accumulated OCI
2019
Cost of Sales
 
$
(454
)
 
$
(10
)
2018
Cost of Sales
 
748

 
(39
)
2017
Cost of Sales
 
(802
)
 
(57
)