Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2020

Fair Value Disclosures [Abstract]

Fair Value of Gross Position of Derivative Contracts in Consolidated Balance Sheets

The following table presents the location and amounts of derivative instrument fair values in the Condensed Consolidated Balance Sheets:

Assets/(liabilities)	March 31, 2020			December 31, 2019
Designated as hedging instruments:
Gross amounts recognized	$	(10,135	)	$	(3,208	)
Gross amounts offset	3,240			149
Net amounts	$	(6,895	)	$	(3,059	)
Not designated as hedging instruments:
Gross amounts recognized	$	(645	)	$	(1,118	)
Gross amounts offset	65			76
Net amounts	$	(580	)	$	(1,042	)
Net amounts presented:
Accrued liabilities	$	(302	)	$	(2,420	)
Other long-term liabilities	(7,173		)	(1,681		)

Gains and Losses on Derivative Instruments in Consolidated Statements of Income

The following table presents the location and amount of gains and losses on derivative instruments designated as cash flow hedges in the Condensed Consolidated Statements of Operations:

	Three Months Ended March 31,
	2020			2019
Amount of Loss Recognized in Other Comprehensive Income on Derivatives	$	(3,601	)	$	(1,183	)
Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income
Net sales	$	180		$	399
Interest expense	(30		)	(32		)
Other non-operating income	360			(429		)
	$	510		$	(62	)

The following table presents the location and amount of losses on foreign exchange contract derivatives not designated as hedging instruments in the Condensed Consolidated Statements of Operations.

	Three Months Ended March 31,
	2020		2019
Other non-operating income (expense)	$	6,248	$	(1,006	)

Schedule of Fair Value Hierarchy for those Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following table presents the Company’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of March 31, 2020 and December 31, 2019:

	March 31, 2020
	Total Assets (Liabilities)			Quoted Prices in Active Markets for Identical Assets Level (1)			Significant Other Observable Inputs Level (2)			Significant Unobservable Inputs Level (3)
Foreign Currency Derivative	$	1,736		$	—		$	1,736		$	—
Interest Rate Swaps	(9,211		)	—			(9,211		)	—
Stock-based Liabilities	(9,600		)	(9,600		)	—			—

	December 31, 2019
	Total Liabilities			Quoted Prices in Active Markets for Identical Assets Level (1)			Significant Other Observable Inputs Level (2)			Significant Unobservable Inputs Level (3)
Foreign Currency Derivative	$	(3,069	)	$	—		$	(3,069	)	$	—
Interest Rate Swaps	(1,032		)	—			(1,032		)	—
Stock-based Liabilities	(14,971		)	(14,971		)	—			—