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Financial Instruments and Risk Management (Tables)
 9 Months Ended
Sep. 30, 2017
Text Block [Abstract]  
Fair Values of Derivative Instruments
The fair values of derivative financial instruments recognized in the Condensed Consolidated Balance Sheets of the Company were as follows:
 
Balance Sheet Location
 
Fair Value
 
September 30,
2017
 
December 31,
2016
Hedges
Other current assets
 
$
907

 
$
16,729

Non-hedges
Other current assets
 
541

 
4,363

Total derivative assets
 
 
1,448

 
21,092

 
 
 
 
 
 
Hedges
Accrued liabilities
 
(21,169
)
 
(207
)
Non-hedges
Accrued liabilities
 
(4,503
)
 
(172
)
Total derivative liabilities
 
 
(25,672
)
 
(379
)
 
 
 
 
 
 
Net derivative (liability) asset
 
 
$
(24,224
)
 
$
20,713
Effect of Cash Flow Hedge Derivative Instruments
The effect of cash flow hedge derivative instruments on the Condensed Consolidated Statements of Income and AOCI is as follows:
 
Amount of Loss
Recognized in AOCI
(Effective Portion)
 
Amount of Loss
Recognized in AOCI
(Effective Portion)
 
Quarter Ended
 
Nine Months Ended
 
September 30,
2017
 
October 1,
2016
 
September 30,
2017
 
October 1,
2016
Foreign exchange contracts
$
(17,379
)
 
$
(3,594
)
 
$
(43,660
)
 
$
(7,131
)
 
 
Location of
Gain Reclassified from AOCI into Income
(Effective Portion)
 
Amount of Gain
Reclassified from AOCI
into Income
(Effective Portion)
 
Amount of Gain
Reclassified from AOCI
into Income
(Effective Portion)
 
 
Quarter Ended
 
Nine Months Ended
 
 
September 30,
2017
 
October 1,
2016
 
September 30,
2017
 
October 1,
2016
Foreign exchange contracts
Cost of sales
 
$
414

 
$
715

 
$
3,348

 
$
4,424
Effect of Mark to Market Hedge Derivative Instruments on Condensed Consolidated Statements of Income
The effect of derivative contracts not designated as hedges on the Condensed Consolidated Statements of Income is as follows:
 
Location of Gain (Loss)
Recognized in Income on
Derivative
 
Amount of Gain
Recognized in Income
 
Amount of Gain (Loss)
Recognized in Income
 
Quarter Ended
 
Nine Months Ended
 
September 30,
2017
 
October 1,
2016
 
September 30,
2017
 
October 1,
2016
Foreign exchange contracts
Selling, general and administrative expenses
 
$
3,277

 
$
7,694

 
$
(1,398
)
 
$
7,970