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Financial Instruments and Fair Value Measurements | 12 Months Ended
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Dec. 31, 2015
Financial Instruments and Fair Value Measurements [Abstract] |
Fair Value Assets and Liabilities Measured On Recurring and Nonrecurring Basis [Text Block] | Financial Instruments and Fair Value Measurements The company utilizes fair value measurement guidance prescribed by accounting standards to value its financial instruments. The guidance establishes a fair value hierarchy based on the inputs used to measure fair value. This hierarchy prioritizes the inputs into three broad levels as follows: Level One: Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets. Level Two: Inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in inactive markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. Level Three: Inputs to the valuation methodology are unobservable and significant to the fair value measurement. A financial instrument’s level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. The carrying values of financial instruments, including Trade receivables, other receivables and Accounts payable, approximate their fair values due to their short-term maturities. The estimated fair value of the Company’s debt of $1.4 billion and $1.5 billion as of December 31, 2015 and 2014, respectively, was based on current interest rates for similar types of borrowings and is in Level Two of the fair value hierarchy. The estimated fair values may not represent actual values of the financial instruments that could be realized as of the balance sheet date or that will be realized in the future. A summary of the Company’s assets and liabilities that are measured at fair value on a recurring basis for each fair value hierarchy level for the periods presented is as follows:
| December 31, 2015
| Level One |  | Level Two |  | Level Three |  | Total
| (In thousands)
Assets: |  |  |  |  |  |  |
Cash equivalents | $ | 22,516 |  |  | $ | — |  |  | $ | — |  |  | $ | 22,516 |
Foreign currency contracts related to sales - designated as hedges | — |  |  | 988 |  |  | — |  |  | 988 |
Foreign currency contracts related to sales - not designated as hedges | — |  |  | 664 |  |  | — |  |  | 664 |
Foreign currency contracts related to purchases - designated as hedges | — |  |  | 1,554 |  |  | — |  |  | 1,554 |
Foreign currency contracts related to purchases - not designated as hedges | — |  |  | 338 |  |  | — |  |  | 338 |
Deferred compensation plans | — |  |  | 4,000 |  |  | — |  |  | 4,000 |
| $ | 22,516 |  |  | $ | 7,544 |  |  | $ | — |  |  | $ | 30,060 |
Liabilities: |  |  |  |  |  |  |
Foreign currency contracts related to sales - designated as hedges | $ | — |  |  | $ | 6,368 |  |  | $ | — |  |  | $ | 6,368 |
Foreign currency contracts related to sales - not designated as hedges | — |  |  | 969 |  |  | — |  |  | 969 |
Foreign currency contracts related to purchases - designated as hedges | — |  |  | 322 |  |  | — |  |  | 322 |
Foreign currency contracts related to purchases - not designated as hedges | — |  |  | 128 |  |  | — |  |  | 128 |
Deferred compensation plans | — |  |  | 4,000 |  |  | — |  |  | 4,000 |
| $ | — |  |  | $ | 11,787 |  |  | $ | — |  |  | $ | 11,787 |
| December 31, 2014
| Level One |  | Level Two |  | Level Three |  | Total
| (In thousands)
Assets: |  |  |  |  |  |  |
Cash equivalents | $ | 23,143 |  |  | $ | — |  |  | $ | — |  |  | $ | 23,143 |
Foreign currency contracts related to sales - designated as hedges | — |  |  | 4,524 |  |  | — |  |  | 4,524 |
Foreign currency contracts related to sales - not designated as hedges | — |  |  | 1,007 |  |  | — |  |  | 1,007 |
Foreign currency contracts related to purchases - designated as hedges | — |  |  | 1,980 |  |  | — |  |  | 1,980 |
Foreign currency contracts related to purchases - not designated as hedges | — |  |  | 478 |  |  | — |  |  | 478 |
Deferred compensation plans | — |  |  | 2,941 |  |  | — |  |  | 2,941 |
| $ | 23,143 |  |  | $ | 10,930 |  |  | $ | — |  |  | $ | 34,073 |
Liabilities: |  |  |  |  |  |  |
Foreign currency contracts related to sales - designated as hedges | $ | — |  |  | $ | 7,163 |  |  | $ | — |  |  | $ | 7,163 |
Foreign currency contracts related to sales - not designated as hedges | — |  |  | 2,793 |  |  | — |  |  | 2,793 |
Foreign currency contracts related to purchases - designated as hedges | — |  |  | 695 |  |  | — |  |  | 695 |
Foreign currency contracts related to purchases - not designated as hedges | — |  |  | 661 |  |  | — |  |  | 661 |
Deferred compensation plans | — |  |  | 2,941 |  |  | — |  |  | 2,941 |
| $ | — |  |  | $ | 14,253 |  |  | $ | — |  |  | $ | 14,253 |
There were no transfers in or out of Level One, Two or Three during the year ended December 31, 2015. Cash Equivalents The Company’s cash equivalents consist of investments in interest-bearing deposit accounts and money market mutual funds which are valued based on quoted market prices. The fair value of these investments approximate cost due to their short-term maturities and the high credit quality of the issuers of the underlying securities. Derivatives The Company periodically enters into foreign currency, interest rate swap and commodity derivative contracts. The Company uses interest rate swaps to manage exposure to interest rate fluctuations. Foreign currency contracts are used to manage exchange rate fluctuations. Commodity futures contracts are used to manage costs of raw materials used in the Company’s production processes. There were no changes during the periods presented in the Company’s valuation techniques used to measure asset and liability fair values on a recurring basis. Foreign Currency Contracts. Foreign currency contracts are measured using broker quotations or observable market transactions in either listed or over-the-counter markets. The Company primarily uses foreign currency contracts to mitigate the risk associated with customer forward sale agreements denominated in currencies other than the applicable local currency, and to match costs and expected revenues where production facilities have a different currency than the selling currency. As of December 31, 2015 and 2014, the Company had foreign currency contracts with the following notional values:
| December 31,
| 2015 |  | 2014
| (In thousands)
Foreign currency contracts sold - not designated as hedges | $ | 119,653 |  |  | $ | 124,838 |
Foreign currency contracts sold - designated as hedges | 206,366 |  |  | 250,743 |
Foreign currency contracts purchased - not designated as hedges | 41,480 |  |  | 36,080 |
Foreign currency contracts purchased - designated as hedges | 62,794 |  |  | 53,944 |
Total foreign currency derivatives | $ | 430,293 |  |  | $ | 465,605 |
The Company recognized the following in its Consolidated Financial Statements related to its derivative instruments:
| Year Ended December 31,
| 2015 |  | 2014 |  | 2013
| (In thousands)
Contracts Designated as Hedges: |  |  |
Foreign Currency Contracts - related to customer sales contracts: |  |  |  |  |
Unrealized (loss) gain | $ | (2,350 | ) |  | $ | (4,706 | ) |  | $ | 3,801 |
Realized (loss) gain | (512 | ) |  | (5,776 | ) |  | 654 |
Foreign Currency Contracts - related to supplier purchase contracts: |  |  |  |  |
Unrealized (loss) gain | (1,173 | ) |  | (1,719 | ) |  | 397 |
Realized gain (loss) | 756 |  |  | 3,386 |  |  | (298 | )
Unrealized gain (loss) on net investment hedges(1) | 14,537 |  |  | 39,374 |  |  | (14,261 | )
Contracts Not Designated in a Hedge Relationship: |  |  |  |  |
Foreign Currency Contracts - related to customer sales contracts: |  |  |  |  |
Unrealized gain (loss) | 2,260 |  |  | (1,389 | ) |  | (762 | )
Realized (loss) gain | (5,644 | ) |  | (4,342 | ) |  | 1,112 |
Foreign Currency Contracts - related to supplier purchases contracts: |  |  |  |  |
Unrealized gain (loss) | 393 |  |  | (1,304 | ) |  | 1,687 |
Realized gain | 1,165 |  |  | 1,355 |  |  | 1,359 |
(1) The unrealized gain (loss) on net investment hedges is attributable to the change in valuation of Euro denominated debt. Concentration of Credit Risk Financial instruments which potentially subject the Company to concentrations of credit risk consist primarily of trade accounts receivable. Concentrations of credit risk are considered to exist when there are amounts collectible from multiple counterparties with similar characteristics, which could cause their ability to meet contractual obligations to be similarly impacted by economic or other conditions. The Company performs credit evaluations of its customers prior to delivery or commencement of services and normally does not require collateral. Letters of credit are occasionally required when the Company deems necessary. Customers purchasing from our operations in China represented 20% and 18% of the Company’s Accounts receivable, net as of December 31, 2015 and 2014, respectively.

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- Definition The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 28 -URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14064-108612 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 21 -URI http://asc.fasb.org/extlink&oid=49121117&loc=d3e13537-108611 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 16 -URI http://asc.fasb.org/extlink&oid=49121117&loc=d3e13504-108611 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=49121117&loc=d3e13433-108611 + Details
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