XML 56 R44.htm IDEA: XBRL DOCUMENT v3.19.2
Derivative Instruments and Hedging Activities (Tables)
6 Months Ended
Jun. 30, 2019
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
 
Six Months Ended
 
June 30,
 
June 30,
 
2019
 
2018
 
2019
 
2018
Non-designated hedges and interest rate swaps
 
Interest expense
 
$
(0.4
)
 
$
(0.8
)
 
$
(1.5
)
 
$
(1.1
)
Foreign exchange forward contracts and cash flow hedges
 
Net sales
 
(0.4
)
 
0.2

 
(0.5
)
 
2.8

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
 
0.5

 
0.3

 
0.7

 
0.5

Total
 
 
 
$
(0.3
)
 
$
(0.3
)
 
$
(1.3
)
 
$
2.1


Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block] As of June 30, 2019, 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-GBP)
 
12

 
25.5

GBP
 
28.7

EUR