XML 57 R43.htm IDEA: XBRL DOCUMENT v3.10.0.1
Derivative Instruments and Hedging Activities (Tables)
 9 Months Ended
Sep. 30, 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
 
Nine Months Ended
 
September 30,
 
September 30,
 
2018
 
2017
 
2018
 
2017
Non-designated hedges and interest rate swaps
 
Interest expense
 
$
(0.7
)
 
$
(1.5
)
 
$
(1.8
)
 
$
(3.6
)
Foreign exchange forward contracts and cash flow hedges
 
Net sales
 
(0.4
)
 
—

 
2.4

 
—

Foreign exchange forward contracts and cash flow hedges
 
Cost of sales
 
0.7

 
—

 
0.6

 
—

Foreign exchange forward contracts and cash flow hedges
 
Foreign exchange gain (loss), net
 
3.5

 
2.3

 
4.0

 
6.3

Total
 
 
 
$
3.1

 
$
0.8

 
$
5.2

 
$
2.7
Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]
As of September 30, 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)
 
1

 
2.8

EUR
 
3.5

USD
Currency forward agreements (EUR-GBP)
 
13

 
31.0

GBP
 
34.7

EUR