Financial Derivatives and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2018

Fair Values of Derivative Instruments

Fair Value Measurements

The following table summarizes the fair values of derivative instruments as of December 31 for the year indicated and the line items in the accompanying consolidated balance sheets where the instruments are recorded:

	December 31				December 31
In thousands		2018		2017		2018		2017
	Prepaid Expenses and Other				Other Current
Balance sheet caption	Current Assets				Liabilities
Designated as    hedging:
Forward foreign    currency exchange    contracts	$	4,381	$	1,066	$	1,548	$	4,787
Not designated as    hedging:
Forward foreign    currency exchange    contracts	$	103	$	151	$	122	$	43

Income or (Loss) from Derivative Instruments Recognized in Results of Operations

The following table summarizes the amount of income or loss from derivative instruments recognized in our results of operations for the periods indicated and the line items in the accompanying consolidated statements of income (loss) where the results are recorded:

	Year ended December 31
In thousands	2018			2017		2016
Designated as    hedging:
Forward foreign    currency exchange    contracts:
Effective portion –    cost of products    sold	$	(5,020	)	$	532	$	(551	)
Ineffective portion –    other – net		138			182		(166	)
Not designated as    hedging:
Forward foreign    currency exchange    contracts:
Other – net	$	(1,419	)	$	882	$	806

Fair Value Amounts Recorded as Component of Accumulated Other Comprehensive Income

A rollforward of fair value amounts recorded as a component of accumulated other comprehensive income is as follows:

In thousands	2018			2017
Balance at January 1,	$	(5,640	)	$	1,882
Deferred (losses) gains    on cash flow hedges		3,624			(6,990	)
Reclassified to earnings		5,020			(532	)
Balance at December 31,	$	3,004		$	(5,640	)

Designated as Hedging [Member]

Outstanding Derivatives Used to Hedge Foreign Exchange Risks

We had the following outstanding derivatives that were used to hedge foreign exchange risks associated with forecasted transactions and designated as hedging instruments:

	December 31
In thousands		2018	2017
Derivative
Sell/Buy - sell notional
Philippine Peso / British Pound		13,140	19,047
Euro / British Pound		15,250	13,586
Philippine Peso / Euro		16,446	—
Euro / U.S. Dollar		—	1,048
U.S. Dollar / Euro		88	946
Sell/Buy - buy notional
Euro / Philippine Peso		1,069,006	890,096
British Pound / Philippine Peso		980,137	797,496
Euro / U.S. Dollar		76,417	60,519
U.S. Dollar / Canadian Dollar		35,154	32,265
British Pound / Euro		216	335
U.S. Dollar / Euro		—	4,253

Not Designated as Hedging [Member]

Outstanding Derivatives Used to Hedge Foreign Exchange Risks

	December 31
In thousands		2018	2017
Derivative
Sell/Buy -  sell notional
U.S. Dollar / British Pound		25,500	17,500
British Pound / Euro		2,000	1,000
Sell/Buy - buy notional
Euro / U.S. Dollar		11,000	4,500
British Pound / Euro		8,000	13,000