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Financial Instruments and Fair Value Measurements (Tables) | 12 Months Ended
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Dec. 31, 2014
Financial Instruments and Fair Value Measurements [Abstract] |
Notional Amounts and Fair Values of Derivative Instruments in the Consolidated Balance | The notional amounts and fair values of derivative instruments in the consolidated balance sheets were as follows:
|  |  |  | Prepaid expenses |  |  |  |
|  |  |  | and other current assets / |  | Accrued expenses and
| Notional Amounts (A) |  | other long-term assets |  | other current liabilities
| December 31, |  | December 31, |  | December 31,
| 2014 | 2013 |  | 2014 |  | 2013 |  | 2014 |  | 2013
Derivatives designated as hedging instruments |  |  |  |  |  |  |  |  |
Cash Flow Hedges: |  |  |  |  |  |  |  |  |  |
Forward currency contracts | $ 26,267 | $ 45,000 |  | $ 479 |  | $ - |  | $ 478 |  | $ 263
Fixed price commodity contracts | - | 1,582 |  | - |  | $ 152 |  | - |  | -
Fair Value Hedge: |  |  |  |  |  |  |  |  |  |
Interest rate swap contract | - | $ 45,000 |  | - |  | $ 793 |  | - |  | -
Derivatives not designated as hedging instruments |  |  |  |  |  |  |  |
Forward currency contracts | $ 3,523 | $ 13,335 |  | - |  | - |  | $ 13 |  | $ 18
Fixed price commodity contracts | 317 | - |  | - |  | - |  | $ 69 |  | -
(A) | Notional amounts represent the gross contract / notional amount of the derivatives outstanding. The fixed price commodity contract notional amounts are in pounds.
Amounts Recorded for the Cash Flow Hedges in Other Comprehensive Income (Loss) in Shareholders' Equity and in Net Income | Amounts recorded for the cash flow hedges in other comprehensive income (loss) in shareholders’ equity and in net income (loss) for the years ended December 31 were as follows:
|  |  |  |  |  |  |  | Gain (loss) reclassified from
|  | Gain (loss) recorded in other |  | other comprehensive income
|  | comprehensive income (loss) |  | (loss) into net income
|  | 2014 |  | 2013 |  | 2012 |  | 2014 |  | 2013 |  | 2012
Derivatives designated as cash flow hedges: |  |  |  |  |  |  |  |  |  |  |  |
Forward currency contracts | $ | (46) | $ | 683 | $ | 5,717 | $ | (310) | $ | 2,746 | $ | (241)
Fixed price commodity contracts |  | (408) |  | (1,008) |  | 1,389 |  | (256) |  | (820) |  | (2,515)
Total derivatives designated as cash flow hedges | $ | (454) | $ | (325) | $ | 7,106 | $ | (566) | $ | 1,926 | $ | (2,756)
Schedule of Assets and Liabilities that are Measured at Fair Value on a Recurring Basis | 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.
|  |  |  |  |  |  |  |  |  | December 31, |  | December 31,
|  |  |  |  |  | 2014 |  | 2013
|  |  |  |  |  | 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 | $ - |  | $ - |  | $ - |  | $ - |  | $ 793
Forward currency contracts | 479 |  | - |  | 479 |  | - |  | -
Fixed price commodity contracts | - |  | - |  | - |  | - |  | 152
Total financial assets carried at fair value | $ 479 |  | $ - |  | $ 479 |  | $ - |  | $ 945
Financial liabilities carried at fair value: |  |  |  |  |  |  |  |  |
Forward currency contracts | $ 491 |  | $ - |  | $ 491 |  | $ - |  | $ 281
Fixed price commodity contracts | 69 |  | - |  | 69 |  | - |  | -
Total financial liabilities carried at fair value | $ 560 |  | $ - |  | $ 560 |  | $ - |  | $ 281
(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 December 31, 2014 or 2013.
(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, fixed price commodity 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 recurring fair value estimates using Level 3 inputs at December 31, 2014 or 2013.

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- Definition Tabular disclosure of the effective portion of gains and losses on derivative instruments (and nonderivative instruments) designated and qualifying in cash flow hedges recorded in accumulated other comprehensive income (loss) during the term of the hedging relationship and reclassified into earnings during the current period. + 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 (c) -URI http://asc.fasb.org/extlink&oid=7476318&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=7476318&loc=SL5624163-113959 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19190-110258 + Details
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