Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2020

Fair Value of Financial Instruments

Amounts related to our derivatives designated as hedging instruments

The following tables detail amounts related to our derivatives designated as hedging instruments as of December

31, 2019:

Fair Values of Derivatives Instruments

Asset Derivatives

Liability Derivatives

Balance Sheet Location

Fair Value

Balance Sheet Location

Fair Value

Foreign exchange contracts

Prepaid expense other 

current assets

$

452,000

Accrued liabilities other

$

—

Notional contract values

$

15,358,000

$

—

Interest rate swaps

Other non-current assets

$

—

Other non-current 

liabilities

$

706,000

Notional swap values

$

—

$

29,750,000

Unrealized realized gain and loss recognized in Accumulated Comprehensive Income (AOCI)

Derivatives in 

subtopic 815-20 

Cash Flow 

Hedging 

Relationship

Amount of Unrealized Gain or 

(Loss) Recognized in Accumulated 

Other Comprehensive Income on 

Derivative

Location of Gain or 

(Loss) Reclassified 

from Accumulated 

Other Comprehensive 

Income

(A)

Amount of Realized Gain or (Loss) 

Reclassified from Accumulated 

Other Comprehensive Income

2020

2019

2018

2020

2019

2018

Foreign exchange 

contracts

$

142,000

$

1,499,000

$

(385,000)

Cost of goods sold

$

526,000

$

272,000

$

68,000

Selling, general and 

administrative expense

$

68,000

$

25,000

$

—

Interest rate swaps

$

(915,000)

$

(708,000)

$

(223,000)

Interest Expense

$

(1,620,000)

$

(67,000)

$

(159,000)

(A) 

The foreign currency derivative activity reclassified from Accumulated Other Comprehensive Income is allocated to

cost of goods sold and selling, general and administrative expense based on the percentage of Mexican Peso spend.