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Financial Instruments and Fair Value Measurements (Tables)
 3 Months Ended
Mar. 31, 2013
Fair Value Disclosures [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

The notional amounts and fair values of derivative instruments in the condensed consolidated balance sheets were as follows:

 

                Prepaid expenses and other              
                current assets / other     Accrued expenses and other  
    Notional amounts (A)     long-term assets     current liabilities  
    March 31,     December 31,     March 31,     December 31,     March 31,     December 31,  
    2013     2012     2013     2012     2013     2012  
Derivatives designated as hedging instruments:                     `                          
Cash Flow Hedge:                                                
Forward currency contracts   $ 27,375     $ 36,500     $ 2,866     $ 1,800     $ -     $ -  
Fixed price commodity contracts     2,339       2,436       -       340       467       -  
                                                 
Fair Value Hedge:                                                
Interest rate swap contract   $ 45,000     $ 45,000     $ 2,109     $ 2,212     $ -     $ -  
                                                 
Derivatives not designated as hedging instruments:                                                
Forward currency contracts   $ 12,585     $ 12,643     $ -     $ -     $ 15     $ 191  

 

(A) Notional amounts represent the gross contract / notional amount of the derivatives outstanding. The fixed price commodity notional amounts are in pounds.
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block]

Amounts recorded for the cash flow hedges in other comprehensive income and in net income for the three months ended March 31 are as follows:

 

    Gain (loss)           Gain reclassified     Loss reclassified  
    recorded in     Gain recorded     from other     from other  
    other     in other     comprehensive     comprehensive  
    comprehensive     comprehensive     income into net     income into net  
    income     income     income     income  
    2013     2012     2013     2012  
Derivatives designated as cash flow hedges:                        
Forward currency contracts   $ 1,741     $ 4,548     $ 675     $ (24 )
Fixed price commodity contracts     (745 )     2,332       62       (352 )
Total derivatives designated as cash flow hedges   $ 996     $ 6,880     $ 737     $ (376 )
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

The following table presents our assets and liabilities that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy. The fair value hierarchy has three levels based on the reliability of the inputs used to determine fair value.

 

          March 31,     December 31,  
          2013     2012  
          Fair value estimated using        
    Fair value     Level 1 inputs (A)     Level 2 inputs (B)     Level 3 inputs (C)     Fair value  
                               
Financial assets carried at fair value:                                        
                                         
Interest rate swap contract   $ 2,109     $ -     $ 2,109     $ -     $ 2,212  
Forward currency contracts     2,866       -       2,866       -       1,800  
Fixed price commodity contracts     -       -       -       -       340  
                                         
Total financial assets carried at fair value   $ 4,975     $ -     $ 4,975     $ -     $ 4,352  
                                         
Financial liabilities carried at fair value:                                        
                                         
Forward currency contracts   $ 15     $ -     $ 15     $ -     $ 191  
Fixed price commodity contracts     467       -       467       -       -  
                                         
Total financial liabilities carried at fair value   $ 482     $ -     $ 482     $ -     $ 191  

 

(A) Fair values estimated using Level 1 inputs, which consist of quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. The Company did not have any fair value estimates using Level 1 inputs at March 31, 2013 or December 31, 2012.

 

(B) Fair values estimated using Level 2 inputs, other than quoted prices, that are observable for the asset or liability, either directly or indirectly and include among other things, quoted prices for similar assets or liabilities in markets that are active or inactive as well as inputs other than quoted prices that are observable. For forward currency, commodity hedge and interest rate swap contracts, inputs include foreign currency exchange rates, commodity indexes and the six-month forward LIBOR.

 

(C) Fair values estimated using Level 3 inputs consist of significant unobservable inputs. The Company did not have any fair value estimates using Level 3 inputs at March 31, 2013 or December 31, 2012.