XML 44 R34.htm IDEA: XBRL DOCUMENT v3.7.0.1

Derivatives and Hedging (Tables)

6 Months Ended

Jun. 30, 2017

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 June 30, 2017 and December 31, 2016 (in thousands):

	Asset Derivatives
	June 30, 2017						December 31, 2016
	Balance Sheet Location		Fair Value				Balance Sheet Location		Fair Value
Derivatives designated as cash flow hedging instruments:
Foreign currency forward contracts	Other current assets		$	39			Other current assets		$	2,660
Derivatives not designated as hedging instruments:
Foreign currency forward contracts	Other current assets		$	289			Other current assets		$	864

	Liability Derivatives
	June 30, 2017						December 31, 2016
	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		$	1,004			Accounts payable and accrued expenses		$	28
Derivatives not designated as hedging instruments:
Foreign currency forward contracts	Accounts payable and accrued expenses		$	2,450			Accounts payable and accrued expenses		$	57

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 six months ended June 30, 2017 (in thousands):

		Gain (Loss) Recognized in Other Comprehensive Income (Effective Portion)
		Three Months Ended   June 30,								Six Months Ended   June 30,
Derivatives designated as cash flow hedging instruments		2017				2016				2017				2016
Foreign currency forward contracts		$	(48	)		$	57			$	(2,302	)		$	(1,614	)

		Gain (Loss) Reclassified from Other Comprehensive Income into Earnings (Effective Portion)
		Three Months Ended   June 30,								Six Months Ended   June 30,
Derivatives designated as cash flow hedging instruments		2017				2016				2017				2016
Foreign currency forward contracts		$	414			$	(629	)		$	1,316			$	(843	)

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 June 30, 2017. Amounts are in thousands.

Accumulated other comprehensive loss, December 31, 2016		$	(18,466	)
Change in fair value of derivative instruments		(2,302		)
Net gains reclassified from accumulated other comprehensive income to cost of goods sold		(1,316		)
Foreign currency translation adjustments		8,571
Accumulated other comprehensive loss, June 30, 2017, before tax		(13,513		)
Income tax expense related to derivative instruments		798
Less: Comprehensive income attributable to non-controlling interest		(190		)
Accumulated other comprehensive loss, June 30, 2017, after tax and non-controlling interest		$	(12,905	)

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 six months ended June 30, 2017 and 2016, respectively (in thousands):

		Location of Net Loss Recognized in Income on Derivative Instruments		Amount of Net Loss Recognized in Income on  Derivative Instruments
Derivatives not designated as hedging instruments				Three Months Ended   June 30,								Six Months Ended   June 30,
				2017				2016				2017				2016
Foreign currency forward contracts		Other income (expense), net		$	(1,128	)		$	(3,546	)		$	(6,303	)		$	(9,858	)

X

- References

No definition available.

+ Details

Name:	us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of accumulated other comprehensive income (loss).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-URI http://asc.fasb.org/extlink&oid=66004124&loc=SL7669686-108580

+ Details

Name:	us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure for cash flow hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624171-113959

+ Details

Name:	us-gaap_ScheduleOfCashFlowHedgingInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624171-113959

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5618551-113959

+ Details

Name:	us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the presentation of foreign exchange contracts on the statement of financial position, including the fair value amounts and location of such amounts.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624163-113959

+ Details

Name:	us-gaap_ScheduleOfForeignExchangeContractsStatementOfFinancialPositionTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration