XML 48 R30.htm IDEA: XBRL DOCUMENT v3.10.0.1
Derivative Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2018
Derivatives, Fair Value [Line Items]  
Schedule Of Pretax Effect On Net Income (Loss) And Other Comprehensive Income (Loss) Of Derivative Instruments Classified As Cash Flow Hedges
The pretax effect on net income (loss) and other comprehensive income (loss) of derivative instruments classified as cash flow hedges and described in the previous paragraphs for the three and nine month periods ended September 30, 2018 and 2017 is summarized in the table below:
(In thousands)
Cash Flow Derivative Hedges
 
Three Months Ended September 30,
 
Aluminum Futures Contracts
 
Foreign Currency Forwards
 
2018
 
2017
 
2018
2018
 
2017
Amount of pretax gain (loss) recognized in other comprehensive income (loss)
$
(1,176
)
 
$
757

 
$

$
(1,353
)
 
$

Location of gain (loss) reclassified from accumulated other comprehensive income (loss) into net income (effective portion)
Cost of
sales

 
Cost of
sales

 
Cost of
sales

Selling, general & admin

 
Cost of
sales

Amount of pretax gain (loss) reclassified from accumulated other comprehensive income (loss) to net income effective portion)
$
300

 
$
231

 
$
15

$
(807
)
 
$
15

 
Nine Months Ended September 30,
 
Aluminum Futures Contracts
 
Foreign Currency Forwards
 
2018
 
2017
 
2018
2018
 
2017
Amount of pre-tax gain (loss) recognized in other comprehensive income (loss)
$
(111
)
 
$
1,281

 
$

$
(3,032
)
 
$

Location of gain (loss) reclassified from accumulated other comprehensive income (loss) into net income (effective portion)
Cost of
sales

 
Cost of
sales

 
Cost of
sales

Selling, general & admin

 
Cost of
sales

Amount of pre-tax gain (loss) reclassified from accumulated other comprehensive income (loss) to net income (effective portion)
$
1,244

 
$
785

 
$
46

$
(1,226
)
 
$
46

Aluminum Futures Contracts  
Derivatives, Fair Value [Line Items]  
Summary Of Location And Fair Value Of Derivative Financial Instruments
The table below summarizes the location and gross amounts of aluminum futures contract fair values (Level 2) in the consolidated balance sheets as of September 30, 2018 and December 31, 2017:
 
September 30, 2018
 
December 31, 2017
(In thousands)
Balance Sheet
Account
 
Fair
Value
 
Balance Sheet
Account
 
Fair
Value
Derivatives Designated as Hedging Instruments
 
 
 
 
 
 
 
Asset derivatives:
Aluminum futures contracts
Accrued Expenses
 
$
201

 
Prepaid expenses and other
 
$
578

Liability derivatives:
Aluminum futures contracts
Accrued Expenses
 
(994
)
 
Prepaid expenses and other
 
$
(16
)
Net asset (liability)
 
 
$
(793
)
 
 
 
$
562