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Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2019

Fair Value Disclosures [Abstract]

Schedule of Notional Amounts of Outstanding Derivative Positions

The following table presents the notional contract amounts for forward contracts outstanding:

			As of
	FASB ASC Topic 815 Designation		June 30, 2019				December 31, 2018
Forward exchange contracts	Cash flow hedge		$	153,454			$	155,313
Forward exchange contracts	Non-designated		39,762				39,631

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)

Foreign exchange contracts designated as cash flow hedges had the following effects on accumulated other comprehensive income (loss) and net earnings on our consolidated condensed statement of comprehensive income and our consolidated condensed balance sheet:

		Amount of Gain (Loss) Recognized in AOCI								Consolidated Condensed Statements of Comprehensive Income									Amount of Gain (Loss) Reclassified from AOCI
		Three Months Ended June 30,										Three Months Ended June 30,							Three Months Ended June 30,
												Total Amount of Line Item Presented
Derivative Instrument		2019				2018				Location of amount reclassified		2019			2018				2019				2018
Foreign exchange contracts		$	126			$	4,662			Net Sales		$	238,263		$	212,820			$	2,096			$	(415	)
										Cost of Sales		107,073			96,549				138				32
Pre-tax gain (loss)		$	126			$	4,662												$	2,234			$	(383	)
Tax expense (benefit)		30				1,126													540				(92		)
Net gain (loss)		$	96			$	3,536												$	1,694			$	(291	)

		Amount of Gain (Loss) Recognized in AOCI								Consolidated Condensed Statements of Comprehensive Income									Amount of Gain (Loss) Reclassified from AOCI
		Six Months Ended June 30,										Six Months Ended June 30,							Six Months Ended June 30,
												Total Amount of Line Item Presented
Derivative Instrument		2019				2018				Location of amount reclassified		2019			2018				2019				2018
Foreign exchange contracts		$	1,864			$	5,492			Net Sales		$	456,641		$	414,884			$	3,593			$	(1,828	)
										Cost of Sales		204,013			189,056				239				183
Pre-tax gain (loss)		$	1,864			$	5,492												$	3,832			$	(1,645	)
Tax expense (benefit)		450				1,327													926				(397		)
Net gain (loss)		$	1,414			$	4,165												$	2,906			$	(1,248	)

Derivatives Not Designated as Hedging Instruments

Net gains and losses from derivative instruments not accounted for as hedges offset by gains and losses on our intercompany receivables on our consolidated condensed statements of comprehensive income were:

				Three Months Ended June 30,								Six Months Ended June 30,
Derivative Instrument		Location on Consolidated Condensed Statements of Comprehensive Income		2019				2018				2019				2018
Net gain (loss) on currency forward contracts		Selling and administrative expense		$	(312	)		$	438			$	(493	)		$	350
Net gain (loss) on currency transaction exposures		Selling and administrative expense		$	67			$	(585	)		$	(161	)		$	(712	)

Schedule of Fair Value for Forward Foreign Exchange Contracts

The following tables summarize the fair value for forward foreign exchange contracts outstanding at June 30, 2019 and December 31, 2018:

June 30, 2019	Location on Consolidated Condensed Balance Sheet	Asset Fair Value				Liabilities Fair Value				Net Fair Value
Derivatives designated as hedged instruments:
Foreign exchange contracts	Prepaids and other current assets	$	3,766			$	(441	)		$	3,325
Foreign exchange contracts	Other long-term assets	409				(315		)		94
		$	4,175			$	(756	)		$	3,419
Derivatives not designated as hedging instruments:
Foreign exchange contracts	Prepaids and other current assets	12				(120		)		(108		)
Total derivatives		$	4,187			$	(876	)		$	3,311

December 31, 2018	Location on Consolidated Condensed Balance Sheet	Asset Fair Value				Liabilities Fair Value				Net Fair Value
Derivatives designated as hedged instruments:
Foreign exchange contracts	Prepaids and other current assets	$	5,817			$	(431	)		$	5,386
Derivatives not designated as hedging instruments:
Foreign exchange contracts	Prepaids and other current assets	19				(217		)		(198		)
Total derivatives		$	5,836			$	(648	)		$	5,188

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Tabular disclosure of gain (loss) on derivative and nonderivative instruments designated and qualifying as cash flow hedge recorded in accumulated other comprehensive income (AOCI) and reclassified into earnings.

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-Section 50
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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.

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Tabular disclosure of the notional amounts of outstanding derivative positions.

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Tabular disclosure of derivative instrument not designated or qualifying as hedging instrument.

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