Note 8. Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

The following tables present the fair values of derivative instruments included in our consolidated balance sheets as of December 31, 2020 and 2019 (in thousands):

	December 31, 2020
	Prepaid Expenses and Other Current Assets		Other Current Liabilities		Other Liabilities
Derivatives designated as hedging instruments:
Foreign exchange forward contracts	$	—	$	2,504	$	341
Commodity swap contracts	1,478		—		—
Total derivatives designated as hedging instruments	$	1,478	$	2,504	$	341
Derivatives not designated as hedging instruments:
Foreign exchange forward contracts	$	1,837	$	2,776	$	—
Total derivatives not designated as hedging instruments	$	1,837	$	2,776	$	—
Total derivative instruments	$	3,315	$	5,280	$	341

	December 31, 2019
	Prepaid Expenses and Other Current Assets		Other Assets		Other Current Liabilities		Other Liabilities
Derivatives designated as hedging instruments:
Foreign exchange forward contracts	$	226	$	139	$	369	$	230
Total derivatives designated as hedging instruments	$	226	$	139	$	369	$	230
Derivatives not designated as hedging instruments:
Foreign exchange forward contracts	$	973	$	—	$	1,807	$	—
Interest rate swap contracts	—		$	—	406		7,209
Total derivatives not designated as hedging instruments	$	973	$	—	$	2,213	$	7,209
Total derivative instruments	$	1,199	$	139	$	2,582	$	7,439

Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) [Table Text Block]

The following table presents the pretax amounts related to derivative instruments designated as cash flow hedges affecting accumulated other comprehensive income (loss) and our consolidated statements of operations for the years ended December 31, 2020, 2019, and 2018 (in thousands):

	Foreign Exchange Forward Contracts		Commodity Swap Contracts		Total
Balance as of December 31, 2017	$	(1,723)	$	—	$	(1,723)
Amounts recognized in other comprehensive income (loss)	(3,760)		—		(3,760)
Amounts reclassified to earnings impacting:
Net sales	1,698		—		1,698
Cost of sales	212		—		212
Foreign currency (loss) income, net	5,448		—		5,448
Other (expense) income, net	(546)		—		(546)
Balance as of December 31, 2018	1,329		—		1,329
Amounts recognized in other comprehensive income (loss)	(1,086)		—		(1,086)
Amounts reclassified to earnings impacting:
Net sales	(124)		—		(124)
Cost of sales	(1,081)		—		(1,081)
Balance as of December 31, 2019	(962)		—		(962)
Amounts recognized in other comprehensive income (loss)	(3,881)		1,472		(2,409)
Amounts reclassified to earnings impacting:
Cost of sales	1,199		—		1,199
Balance as of December 31, 2020	$	(3,644)	$	1,472	$	(2,172)

Derivative Instruments, Gain (Loss) [Table Text Block]

The following table presents gains and losses related to derivative instruments not designated as hedges affecting our consolidated statements of operations for the years ended December 31, 2020, 2019, and 2018 (in thousands):

		Amount of Gain (Loss) Recognized in Income
	Income Statement Line Item	2020		2019		2018
Interest rate swap contracts	Cost of sales	$	—	$	(1,656)	$	—
Foreign exchange forward contracts	Cost of sales	(462)		—		—
Foreign exchange forward contracts	Foreign currency (loss) income, net	(6,317)		3,716		12,113
Interest rate swap contracts	Interest expense, net	(7,259)		(8,532)		(8,643)

Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]

As of December 31, 2020 and 2019, the notional values associated with our foreign exchange forward contracts qualifying as cash flow hedges were as follows (notional amounts and U.S. dollar equivalents in millions):

	December 31, 2020
Currency	Notional Amount	USD Equivalent
U.S. dollar (1)	$43.4	$43.4

	December 31, 2019
Currency	Notional Amount	USD Equivalent
U.S. dollar (1)	$69.9	$69.9

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(1)These derivative instruments represent hedges of outstanding payables denominated in U.S. dollars at certain of our foreign subsidiaries whose functional currencies are other than the U.S. dollar.

Schedule of Notional Value of Foreign Exchange Forward Derivatives [Table Text Block]

As of December 31, 2020 and 2019, the notional values of our foreign exchange forward contracts that do not qualify for hedge accounting were as follows (notional amounts and U.S. dollar equivalents in millions):

	December 31, 2020
Transaction	Currency	Notional Amount	USD Equivalent
Purchase	Australian dollar	AUD 3.2	$2.5
Purchase	Brazilian real	BRL 2.6	$0.5
Sell	Canadian dollar	CAD 8.9	$7.0
Purchase	Chilean peso	CLP 2,006.0	$2.8
Sell	Chilean peso	CLP 4,476.7	$6.3
Purchase	Euro	€140.0	$172.1
Sell	Euro	€63.6	$78.2
Sell	Indian rupee	INR 619.2	$8.4
Purchase	Japanese yen	¥1,593.7	$15.5
Sell	Japanese yen	¥20,656.6	$200.5
Purchase	Malaysian ringgit	MYR 69.3	$17.2
Sell	Malaysian ringgit	MYR 24.9	$6.2
Sell	Mexican peso	MXN 34.6	$1.7
Purchase	Singapore dollar	SGD 2.9	$2.2

	December 31, 2019
Transaction	Currency	Notional Amount	USD Equivalent
Purchase	Australian dollar	AUD 14.9	$10.4
Sell	Australian dollar	AUD 11.1	$7.8
Purchase	Brazilian real	BRL 13.2	$3.3
Sell	Brazilian real	BRL 4.3	$1.1
Purchase	Canadian dollar	CAD 4.5	$3.4
Sell	Canadian dollar	CAD 1.6	$1.2
Purchase	Chilean peso	CLP 1,493.1	$2.0
Sell	Chilean peso	CLP 3,866.1	$5.1
Purchase	Euro	€86.1	$96.5
Sell	Euro	€116.3	$130.3
Sell	Indian rupee	INR 1,283.8	$18.0
Purchase	Japanese yen	¥3,625.5	$33.3
Sell	Japanese yen	¥23,089.5	$212.2
Purchase	Malaysian ringgit	MYR 88.6	$21.6
Sell	Malaysian ringgit	MYR 41.3	$10.1
Sell	Mexican peso	MXN 34.6	$1.8
Purchase	Singapore dollar	SGD 2.9	$2.2