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Hedging Transactions and Derivative Financial Instruments (Tables) | 6 Months Ended
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Jun. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Notional Amounts of Outstanding Derivative Positions | As of June 30, 2021, the notional values of the remaining foreign currency forward contracts were as follows:
Notional Values of Foreign Currency Derivatives
USD/CNH | $ | 19,919,008 |
KRW/USD | ₩ | 10,170,000,000 |
EUR/USD | € | 10,049,732 |
As of June 30, 2021, the volume of our copper contracts outstanding was as follows:
Volume of Copper Derivatives
July 2021 - September 2021 | 222 metric tons per month
October 2021 - December 2021 | 222 metric tons per month
January 2022 - March 2022 | 213 metric tons per month
April 2022 - June 2022 | 168 metric tons per month
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance | The impacts from our derivative instruments on the statement of operations and statements of comprehensive income (loss) were as follows:
|  |  | Three Months Ended |  | Six Months Ended
(Dollars in thousands) | Financial Statement Line Item |  | June 30, 2021 |  | June 30, 2020 |  | June 30, 2021 |  | June 30, 2020
Foreign Currency Contracts |  |  |  |  |  |  |  |  |
Contracts not designated as hedging instruments | Other income (expense), net |  | $ | (400) |  |  | $ | (27) |  |  | $ | (1,222) |  |  | $ | (555) |
Copper Derivative Contracts |  |  |  |  |  |  |  |  |
Contracts not designated as hedging instruments | Other income (expense), net |  | $ | 1,313 |  |  | $ | 964 |  |  | $ | 3,860 |  |  | $ | (171) |
Interest Rate Swap |  |  |  |  |  |  |  |  |
Contract designated as hedging instrument | Other comprehensive income (loss) |  | $ | — |  |  | $ | 173 |  |  | $ | — |  |  | $ | (1,517) |

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- 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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4E -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624181-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5618551-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 + Details
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- Definition Tabular disclosure of the notional amounts of outstanding derivative positions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5579245-113959 + Details
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