XML 35 R20.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Note 11 - Derivative Instruments and Hedging Activities | 12 Months Ended
--- | ---
Dec. 31, 2017
Notes to Financial Statements |
Derivative Instruments and Hedging Activities Disclosure [Text Block] |
11 . | DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES:
For each derivative contract entered into in which the Company seeks to obtain cash flow hedge accounting treatment, the Company formally documents all relationships between hedging instruments and hedged items, as well as its risk management objective and strategy for undertaking the hedge transaction, the nature of the risk being hedged, how the hedging instrument ’s effectiveness in offsetting the hedged risk will be assessed prospectively and retrospectively and a description of the method of measuring ineffectiveness. This process includes linking all derivatives to specific firm commitments or forecasted transactions and designating the derivatives as cash flow hedges. The Company also formally assesses, both at the hedge’s inception and on an ongoing basis, whether the derivative contracts that are used in hedging transactions are highly effective in offsetting changes in cash flows of hedged items. The effective portion of these hedged items is reflected in Unrealized gain (loss) on cash flow hedges on the Consolidated Statements of Comprehensive Loss. If it is determined that a derivative contract is not highly effective, or that it has ceased to be a highly effective hedge, the Company will be required to discontinue hedge accounting with respect to that derivative contract prospectively. As of December 31, 2017 and 2016, the total notional amount of the derivative contracts designated as cash flow hedges was $2.1 million ( CAD$2.7 million) and $3.4 million ( CAD$4.5 million), respectively. Derivative assets are included within Prepaid expenses and other and derivative liabilities are included within Accrued liabilities in the Consolidated Balance Sheets. All of the Company’s foreign currency forward contracts are subject to an enforceable master netting arrangement. The Company presents the assets and liabilities associated with its foreign currency forward contracts at their gross fair values in the Consolidated Balance Sheets. All of the Company ’s Canadian forward contracts have maturities less than twelve months as of December 31, 2017, except two contracts with a combined notional amount of $2.1 million ( CAD$2.7 million) which have remaining maturities of 15 to 17 months. As of December 31, 2017 and 2016, the total notional amount of the derivative contracts not designated as cash flow hedges was $0.2 million ( CAD$0.2 million) and $0.9 million ( CAD$1.3 million), respectively. For the years ended December 31, 2017, 2016 and 2015, gains recognized in Net sales from continuing operations from derivative contracts not designated as hedging instruments were approximately $0, $0 and $0.4 million, respectively. As of December 31, 2017, unrealized pretax losses on outstanding derivatives in Accumulated other comprehensive loss was approximately $0. Typically, outstanding derivatives balances in Accumulated other comprehensive loss are expected to be reclassified to Net sales from continuing operations within the next twelve months as a result of underlying hedged transactions also being recorded in Net sales from continuing operations. See Note 17, “Accumulated Other Comprehensive Loss” for additional quantitative information regarding derivative gains and losses.

X
- Definition The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -URI http://asc.fasb.org/topic&trid=2229140 + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration