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Derivative Instruments (Tables) | 6 Months Ended
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Jun. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Cash Flow Hedging Instruments Fair Value and Balance Sheet Location |
| Asset Derivatives |  | Liability Derivatives
| Location |  | Fair Value |  | Location |  | Fair Value
As of December 31, 2014 | (Dollars in Thousands)
Derivatives designated as cash flow hedges: |  |  |  |  |  |  |
Foreign currency derivatives | Prepaid and other current assets |  | $ | 722 |  |  | Other current liabilities |  | $ | 1,234 |
Commodity derivative contracts | Prepaid and other current assets |  | — |  |  | Other current liabilities |  | 7,067 |
Total fair value |  |  | $ | 722 |  |  |  |  | $ | 8,301 |
As of June 30, 2015 |  |  |  |  |  |  |
Derivatives designated as cash flow hedges: |  |  |  |  |  |  |
Foreign currency derivatives | Prepaid and other current assets |  | $ | 924 |  |  | Other current liabilities |  | $ | 613 |
Total fair value |  |  | $ | 924 |  |  |  |  | $ | 613 |
Schedule Of Fair Value Of Derivatives Designated As Fair Value Hedges |
| Asset Derivatives |  | Liability Derivatives
| Location |  | Fair Value |  | Location |  | Fair Value
As of December 31, 2014 | (Dollars in Thousands)
Derivatives not designated as hedges: |  |  |  |  |  |  |
Foreign currency derivatives | Prepaid and other current assets |  | $ | 80 |  |  | Other current liabilities |  | $ | 428 |
Total fair value |  |  | $ | 80 |  |  |  |  | $ | 428 |
As of June 30, 2015 |  |  |  |  |  |  |
Derivatives not designated as hedges: |  |  |  |  |  |  |
Foreign currency derivatives | Prepaid and other current assets |  | $ | 181 |  |  | Other current liabilities |  | $ | 474 |
Total fair value |  |  | $ | 181 |  |  |  |  | $ | 474 |
The location and amount of realized (gains) losses on derivatives are recognized in the Statements of Operations when the hedged item impacts earnings and are as follows for the three and six months ended June 30, 2014 and 2015:
|  |  |  | Amount of (Gain)/Loss Recognized (Effective Portion)
For the Three months ended June 30, |  | Location of (Gain)/Loss Reclassified from Other Comprehensive Income (Effective Portion) |  | 2014 |  | 2015
(Dollars in Thousands)
Derivatives designated as cash flow hedges: |  |  |  |  |  |
Foreign currency derivatives, excluding tax of ($3) and $56, respectively |  | Revenue / Cost of goods sold/Other expense / (income) |  | $ | 27 |  |  | $ | (563 | )
Commodity forward derivatives, excluding tax of $181 and ($193), respectively |  | Revenue / Cost of goods sold |  | $ | (503 | ) |  | $ | 528 |
|  |  |  | Amount of (Gain)/Loss Recognized
For the Three months ended June 30, |  | Location of (Gain)/Loss Recognized in the Consolidated Statement of Operations |  | 2014 |  | 2015
(Dollars in thousands)
Derivatives not designated as hedges: |  |  |  |  |  |
Foreign currency derivatives |  | Cost of goods sold/Other expense (income) |  | $ | 130 |  |  | $ | (214 | )
|  |  |  | Amount of (Gain)/Loss Recognized (Effective Portion)
For the Six Months Ended June 30, |  | Location of (Gain)/Loss Reclassified from Other Comprehensive Income (Effective Portion) |  | 2014 |  | 2015
(Dollars in Thousands)
Derivatives designated as cash flow hedges: |  |  |  |  |  |
Foreign currency derivatives, excluding tax of ($33) and $128, respectively |  | Revenue / Cost of goods sold/ Other expense / (income) |  | $ | 328 |  |  | $ | (1,275 | )
Commodity forward derivatives, excluding tax of ($9) and ($289), respectively |  | Revenue / Cost of goods sold |  | $ | 26 |  |  | $ | 793 |
|  |  |  | Amount of (Gain)/Loss Recognized
For the Six Months Ended June 30, |  | Location of (Gain)/Loss Recognized in the Consolidated Statement of Operations |  | 2014 |  | 2015
(Dollars in thousands)
Derivatives not designated as hedges: |  |  |  |  |  |
Foreign currency derivatives |  | Cost of goods sold/Other expense (income) |  | $ | (61 | ) |  | $ | 676 |
Our foreign currency and commodity derivatives are treated as hedges and are required to be measured at fair value on a recurring basis. With respect to the inputs used to determine the fair value, we use observable, quoted rates that are determined by active markets and, therefore, classify the contracts as “Level 2”.
Schedule Of Realized (Gains) Losses On Derivatives Recognized In Statement Of Income | The location and amount of realized (gains) losses on derivatives are recognized in the Statements of Operations when the hedged item impacts earnings and are as follows for the three and six months ended June 30, 2014 and 2015:
|  |  |  | Amount of (Gain)/Loss Recognized (Effective Portion)
For the Three months ended June 30, |  | Location of (Gain)/Loss Reclassified from Other Comprehensive Income (Effective Portion) |  | 2014 |  | 2015
(Dollars in Thousands)
Derivatives designated as cash flow hedges: |  |  |  |  |  |
Foreign currency derivatives, excluding tax of ($3) and $56, respectively |  | Revenue / Cost of goods sold/Other expense / (income) |  | $ | 27 |  |  | $ | (563 | )
Commodity forward derivatives, excluding tax of $181 and ($193), respectively |  | Revenue / Cost of goods sold |  | $ | (503 | ) |  | $ | 528 |
|  |  |  | Amount of (Gain)/Loss Recognized
For the Three months ended June 30, |  | Location of (Gain)/Loss Recognized in the Consolidated Statement of Operations |  | 2014 |  | 2015
(Dollars in thousands)
Derivatives not designated as hedges: |  |  |  |  |  |
Foreign currency derivatives |  | Cost of goods sold/Other expense (income) |  | $ | 130 |  |  | $ | (214 | )
|  |  |  | Amount of (Gain)/Loss Recognized (Effective Portion)
For the Six Months Ended June 30, |  | Location of (Gain)/Loss Reclassified from Other Comprehensive Income (Effective Portion) |  | 2014 |  | 2015
(Dollars in Thousands)
Derivatives designated as cash flow hedges: |  |  |  |  |  |
Foreign currency derivatives, excluding tax of ($33) and $128, respectively |  | Revenue / Cost of goods sold/ Other expense / (income) |  | $ | 328 |  |  | $ | (1,275 | )
Commodity forward derivatives, excluding tax of ($9) and ($289), respectively |  | Revenue / Cost of goods sold |  | $ | 26 |  |  | $ | 793 |
|  |  |  | Amount of (Gain)/Loss Recognized
For the Six Months Ended June 30, |  | Location of (Gain)/Loss Recognized in the Consolidated Statement of Operations |  | 2014 |  | 2015
(Dollars in thousands)
Derivatives not designated as hedges: |  |  |  |  |  |
Foreign currency derivatives |  | Cost of goods sold/Other expense (income) |  | $ | (61 | ) |  | $ | 676 |

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- Definition Tabular disclosure for cash flow hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5624171-113959 + Details
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- 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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5624163-113959 + Details
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