XML 77 R57.htm IDEA: XBRL DOCUMENT v3.22.0.1

Financial Derivatives and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Outstanding Derivatives Used to Hedge Foreign Exchange Risks

We had the following outstanding derivatives that were used to hedge foreign exchange risks associated with forecasted transactions and designated as hedging instruments:

			December 31,
In thousands			2021						2020
Derivative
Sell/Buy - sell notional
Euro / British Pound			18,823						18,638
Philippine Peso / Euro			—						18,522
U.S. Dollar / British Pound			16,205						—
U.S. Dollar / Euro			658						1,041
Canadian Dollar / U.S. Dollar			—						70
Sell/Buy - buy notional
Euro / Philippine Peso			896,291						853,686
British Pound / Philippine Peso			1,121,183						1,081,791
Euro / U.S. Dollar			108,467						69,324
U.S. Dollar / Canadian Dollar			36,904						34,847

			December 31,
In thousands			2021						2020
Derivative
Sell/Buy - sell notional
U.S. Dollar / British Pound			26,600						25,250
Euro / British Pound			—						600
British Pound / Euro			3,400						1,900
U.S. Dollar / Swiss Franc			2,180						—
British Pound / Swiss Franc			1,025						—
Euro / Swiss Franc			2,750						—
Euro / U.S. Dollar			11,000						—
Sell/Buy - buy notional
Euro / U.S. Dollar			20,900						7,500
British Pound / Euro			5,300						—

Fair Values of Derivative Instruments

Fair Value Measurements

The following table summarizes the fair values of derivative instruments as of December 31 for the year indicated and the line items in the accompanying consolidated balance sheets where the instruments are recorded:

			December 31,												December 31,
In thousands			2021						2020						2021						2020
Balance sheet caption			Prepaid Expenses and Other Current Assets												Other Current Liabilities
Designated as hedging:
Forward foreign currency exchange contracts			$	3,197					$	577					$	288					$	4,342
Interest rate swap			—						—						44						136
Not designated as hedging:
Forward foreign currency exchange contracts			701						456						116						118

Income or Loss from Derivative Instruments Recognized in Results of Operations

The following table summarizes the amount of income or loss from derivative instruments recognized in our results of operations for the periods indicated and the line items in the accompanying consolidated statements of income (loss) where the results are recorded:

			Year ended December 31,
In thousands			2021						2020						2019
Designated as hedging:
Forward foreign currency exchange contracts:
Effective portion – cost of products sold			$	382					$	5,503					$	6,468
Interest expense			85						83						—
Not designated as hedging:
Forward foreign currency exchange contracts:
Other – net			2,666						1,679						300

Fair Value Amounts Recorded as Component of Accumulated Other Comprehensive Income

A rollforward of fair value amounts recorded as a component of accumulated other comprehensive income is as follows:

In thousands			2021						2020
Balance at January 1,			$	(3,460)					$	5,859
Deferred (losses) gains on cash flow hedges			6,646						(3,899)
Reclassified to earnings			(297)						(5,420)
Balance at December 31,			$	2,889					$	(3,460)

X

- References

No definition available.

+ Details

Name:	us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959

+ Details

Name:	us-gaap_ScheduleOfCashFlowHedgesIncludedInAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959

+ Details

Name:	us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration