Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The location and fair values of derivative instruments designated as hedging instruments in the Condensed Consolidated Balance Sheets as of September 30, 2018, are shown in the following table:

	As of
	September 30,		December 31,
	2018		2017
Interest rate swaps reported in Other current assets	$	616	$	278
Interest rate swaps reported in Other assets	$	742	$	693
Foreign currency hedges reported in Other current assets	$	864	$	—
Foreign currency hedges reported in Accrued liabilities	$	—	$	(742	)

Derivative Instruments, Gain (Loss)

The effect of derivative instruments on the Condensed Consolidated Statements of Earnings is as follows:

	Three Months Ended						Nine Months Ended
	September 30,			September 30,			September 30,			September 30,
	2018			2017			2018			2017
Foreign Exchange Contracts:
Gain (loss) recognized in Net sales	$	152		$	(194	)	$	115		$	(253	)
(Loss) gain recognized in Cost of goods sold	(52		)	268			88			182
Gain (loss) recognized in Selling, general and administrative expense	3			21			(2		)	31
Loss recognized in Other income	—			(2		)	(1		)	(11		)
Interest Rate Swaps:
Benefit recorded in Interest expense	$	114		$	12		$	284		$	12
Total gain (loss)	$	217		$	105		$	484		$	(39	)

The table below provides a reconciliation of the recurring financial assets (liabilities) for our derivative instruments:

				Foreign
	Interest			Currency
Total gains (losses) for the period:	Rate Swaps			Hedges
Balance at January 1, 2017	$	753		$	(601	)
Settled in cash	—			(132		)
Included in earnings	—			38
Included in other comprehensive income	218			(47		)
Balance at December 31, 2017	$	971		$	(742	)
Settled in cash	—			(143		)
Included in earnings	(284		)	200
Included in other comprehensive income	671			1,549
Balance at September 30, 2018	$	1,358		$	864