XML 55 R43.htm IDEA: XBRL DOCUMENT v3.8.0.1
Derivative Instruments and Hedging Activities (Tables)
3 Months Ended
Mar. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Gain (loss) recognized on non-designated derivative instruments
The following table summarizes the gain (loss) recognized on derivative instruments:
Derivative instrument
 
Classification on condensed consolidated statements of operations
 
Three Months Ended
 
March 31,
 
2018
 
2017
Non-designated hedges and interest rate swaps
 
Interest expense
 
$
(0.3
)
 
$
(1.2
)
Foreign exchange forward contracts and cash flow hedges
 
Net sales
 
2.6

 

Foreign exchange forward contracts and cash flow hedges
 
Cost of sales
 
(0.1
)
 

Foreign exchange forward contracts and cash flow hedges
 
Foreign exchange gain (loss), net
 
(0.2
)
 
(0.8
)
Total
 
 
 
$
2.0

 
$
(2.0
)
Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]
As of March 31, 2018, the Company had the following outstanding foreign currency derivatives that were used to hedge its foreign exchange risks:
Foreign Currency Derivative
 
Number of Instruments
 
Notional Sold
 
Notional Purchased
Currency forward agreements (EUR-USD)
 
9

 
18.4

USD
 
16.6

EUR
Currency forward agreements (EUR-GBP)
 
12

 
31.0

GBP
 
32.6

EUR
Currency forward agreements (EUR-CZK)
 
3

 
182.5

CZK
 
6.5

EUR