XML 62 R47.htm IDEA: XBRL DOCUMENT v3.8.0.1
Fair Value Information and Derivative Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2017
Fair Value Information and Derivative Financial Instruments [Abstract]  
Summary of fair value information and derivative financial instruments
The following table summarizes the financial instruments measured at fair value in the Consolidated Balance Sheets at December 31, 2017 and 2016:
 
 
 
 
Fair Value Measurements
(Thousands)
 
Total
 
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)
 
Significant
Observable
Inputs
(Level 2)
 
Other
Significant
Unobservable
Inputs
(Level 3)
December 31, 2017
 
 
 
 
 
 
 
 
Financial Assets
 
 
 
 
 
 
 
 
Deferred compensation investments
 
$
2,310

 
$
2,310

 
$

 
$

Foreign currency forward contracts
 
254

 

 
254

 

Precious metal swaps
 
14

 

 
14

 

Total
 
$
2,578

 
$
2,310

 
$
268

 
$

Financial Liabilities
 
 
 
 
 
 
 
 
Deferred compensation liability
 
$
2,310

 
$
2,310

 
$

 
$

Foreign currency forward contracts
 
201

 

 
201

 

Precious metal swaps
 
269

 

 
269

 

Total
 
$
2,780

 
$
2,310

 
$
470

 
$

December 31, 2016
 
 
 
 
 
 
 
 
Financial Assets
 
 
 
 
 
 
 
 
Deferred compensation investments
 
$
1,734

 
$
1,734

 
$

 
$

Foreign currency forward contracts
 
691

 

 
691

 

Precious metal swaps
 

 

 

 

Total
 
$
2,425

 
$
1,734

 
$
691

 
$

Financial Liabilities
 
 
 
 
 
 
 
 
Deferred compensation liability
 
$
1,734

 
$
1,734

 
$

 
$

Foreign currency forward contracts
 
1

 

 
1

 

Precious metal swaps
 

 

 

 

Total
 
$
1,735

 
$
1,734

 
$
1

 
$

Summary of the notional amount and the fair value of the Company's outstanding derivatives
The following table summarizes the notional amount and the fair value of the Company’s outstanding derivatives designated as cash flow hedges and balance sheet classification at December 31, 2017 and 2016:
 
 
December 31, 2017
 
December 31, 2016
(Thousands)
 
Notional
Amount
 
Fair
Value
 
Notional
Amount
 
Fair
Value
Prepaid expenses
 
 
 
 
 
 
 
 
Foreign currency forward contracts - yen
 
$
5,673

 
$
91

 
$
2,418

 
$
239

Foreign currency forward contracts - euro
 
5,026

 
36

 
6,493

 
452

 
 
10,699

 
127

 
8,911

 
691

 
 
 
 
 
 
 
 
 
Other assets
 
 
 
 
 
 
 
 
Precious metal swaps
 
880

 
14

 

 

 
 
 
 
 
 
 
 
 
Other liabilities and accrued items
 
 
 
 
 
 
 
 
Foreign currency forward contracts - euro
 
13,583

 
(201
)
 
537

 
(1
)
Precious metal swaps
 
10,067

 
(255
)
 

 

 
 
23,650

 
(456
)
 
537

 
(1
)
 
 
 
 
 
 
 
 
 
Other long-term liabilities
 
 
 
 
 
 
 
 
Precious metal swaps
 
789

 
(14
)
 

 

 
 
 
 
 
 
 
 
 
Total
 
$
36,018

 
$
(329
)
 
$
9,448

 
$
690

Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]
The following table summarizes the notional amount and the fair value of the Company’s outstanding derivatives not designated as hedging instruments and balance sheet classification as of December 31, 2017 and 2016:
 
 
December 31, 2017
 
December 31, 2016
(Thousands)
 
Notional
Amount
 
Fair
Value
 
Notional
Amount
 
Fair
Value
Prepaid expenses
 
 
 
 
 
 
 
 
Foreign currency forward contracts - euro
 
$
13,981

 
$
127

 
$

 
$

Total
 
$
13,981

 
$
127

 
$

 
$