Derivatives and Hedging (Tables)

3 Months Ended

Mar. 31, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Fair Value of Derivative Instruments by Contract Type and Location of Asset and/or Liability on Consolidated Condensed Balance Sheets

The following table summarizes the fair value of the Company's foreign currency forward contracts as well as the location of the asset and/or liability on the consolidated condensed balance sheets at March 31, 2016 and December 31, 2015 (in thousands):



	Asset Derivatives
	March 31, 2016			December 31, 2015
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Derivatives designated as cash flow hedging instruments:
Foreign currency forward contracts	Other current assets	$	60	Other current assets	$	520

Derivatives not designated as hedging instruments:
Foreign currency forward contracts	Other current assets	$	775	Other current assets	$	160



	Liability Derivatives
	March 31, 2016			December 31, 2015
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Derivatives designated as cash flow hedging instruments:
Foreign currency forward contracts	Accounts payable and accrued expenses	$	1,734	Accounts payable and accrued expenses	$	296
Derivatives not designated as hedging instruments:
Foreign currency forward contracts	Accounts payable and accrued expenses	$	5,909	Accounts payable and accrued expenses	$	46

Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location

The following tables summarize the net effect of all cash flow hedges on the consolidated condensed financial statements for the three months ended March 31, 2016 (in thousands):



	Gain (Loss) Recognized in Other Comprehensive Income (Loss) (Effective Portion)
	Three Months Ended March 31,
Derivatives designated as cash flow hedging instruments	2016			2015
Foreign currency forward contracts	$	(1,671	)	$	1,856



	Gain Reclassified from Other Comprehensive Income into Earnings (Effective Portion)
	Three Months Ended March 31,
Derivatives designated as cash flow hedging instruments	2016		2015
Foreign currency forward contracts	$	214	$	—



	Gain Recognized in Other Income (Expense) (Ineffective Portion)
	Three Months Ended March 31,
Derivatives designated as cash flow hedging instruments	2016		2015
Foreign currency forward contracts	$	—	$	203

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table details the amounts reclassified from accumulated other comprehensive loss to cost of goods sold, as well as changes in foreign currency translation for the three months ended March 31, 2016. Amounts shown do not include any tax effect due to the valuation allowance on the Company's deferred taxes in the United States (Note 8). Amounts are in thousands.



Accumulated other comprehensive loss, December 31, 2015	$	(11,813	)
Change in fair value of derivative instruments	(2,073		)
Amounts reclassified from accumulated other comprehensive income to cost of goods sold	(579		)
Amounts reclassified from accumulated other comprehensive income to net sales	365
Foreign currency translation adjustments	4,761
Accumulated other comprehensive loss, March 31, 2016, before tax	$	(9,339	)
Accumulated other comprehensive loss, March 31, 2016, after tax	$	(9,248	)

Location of Gains in Consolidated Condensed Statements of Operations that were Recognized and Derivative Contract Type

The following table summarizes the location of net gains and losses in the consolidated condensed statements of operations that were recognized during the three months ended March 31, 2016 and 2015, respectively (in thousands):



	Location of Net Gain (Loss) Recognized in Income on Derivative Instruments	Amount of Net Gain (Loss) Recognized in Income on Derivative Instruments
Derivatives not designated as hedging instruments		Three Months Ended March 31,
Derivatives not designated as hedging instruments		2016			2015
Foreign currency forward contracts	Other income (expense), net	$	(6,312	)	$	2,592