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Derivatives and Hedging (Tables)

9 Months Ended

Sep. 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 September 30, 2017 and December 31, 2016 (in thousands):

	Asset Derivatives
	September 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		$	421			Other current assets		$	864

	Liability Derivatives
	September 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		$	195			Accounts payable and accrued expenses		$	28
Derivatives not designated as hedging instruments:
Foreign currency forward contracts	Accounts payable and accrued expenses		$	1,208			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 three and nine months ended September 30, 2017 and 2016 (in thousands):

		Gain (Loss) Recognized in Other Comprehensive Income (Effective Portion)
		Three Months Ended   September 30,								Nine Months Ended   September 30,
Derivatives designated as cash flow hedging instruments		2017				2016				2017				2016
Foreign currency forward contracts		$	(371	)		$	331			$	(2,673	)		$	(3,345	)

		Gain (Loss) Reclassified from Other Comprehensive Income into Earnings (Effective Portion)
		Three Months Ended   September 30,								Nine Months Ended   September 30,
Derivatives designated as cash flow hedging instruments		2017				2016				2017				2016
Foreign currency forward contracts		$	(1,067	)		$	(809	)		$	249			$	(1,637	)

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 nine months ended September 30, 2017. Amounts are in thousands.

		Derivative Instruments				Foreign Currency Translation				Total
Accumulated other comprehensive income (loss), December 31, 2016					$				1,570						$	(20,036	)		$	(18,466	)
Change in derivative instruments		(2,673		)		—				(2,673		)
Net gains reclassified to cost of goods sold		(249		)		—				(249		)
Foreign currency translation adjustments		—				11,826				11,826
Income tax expense		521				—				521
Accumulated other comprehensive loss, September 30, 2017, after tax		$	(831	)		$	(8,210	)		$	(9,041	)

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 and nine months ended September 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   September 30,								Nine Months Ended   September 30,
				2017				2016				2017				2016
Foreign currency forward contracts		Other income (expense), net		$	(1,233	)		$	(50	)		$	(6,469	)		$	(9,908	)

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- References

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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

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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

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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

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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

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