DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

6 Months Ended

Jun. 30, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance

The following table demonstrates the impact of the Company’s derivatives on the Consolidated Statements of (Loss) Income and Comprehensive (Loss) Income for the six months ended June 30, 2015 and 2014.

		Three Months Ended June 30,
	Income Statement Location	2015			2014
Derivatives designated as cash flow hedges:
Foreign currency exchange contracts	Other comprehensive (loss) income		($1,621	)		($818	)
Foreign currency option contracts	Other comprehensive (loss) income	(2,658		)	(504		)
Derivative designated as a net investment hedge:
Foreign currency exchange contract	Other comprehensive (loss) income		$2,173		—
Derivatives not designated as hedging instruments:
Foreign currency exchange contracts	Other operating (income) expense	—			—
Foreign currency option contracts	Other operating (income) expense	546			—
Interest rate swaps	Interest income and miscellaneous expense, net	(1,417		)	(729		)
Fuel hedge contracts	Cost of sales (benefit)	—			(92		)

		Six Months Ended June 30,
	Income Statement Location	2015			2014
Derivatives designated as cash flow hedges:
Foreign currency exchange contracts	Other comprehensive (loss) income		($2,308	)		$669
Foreign currency option contracts	Other comprehensive (loss) income	(3,339		)	221
Derivative designated as a net investment hedge:
Foreign currency exchange contract	Other comprehensive (loss) income	3,107			—
Derivatives not designated as hedging instruments:
Foreign currency exchange contracts	Other operating (income) expense	—			25
Foreign currency option contracts	Other operating (income) expense	546			7
Interest rate swaps	Interest and miscellaneous (expense) income, net	(3,273		)	(1,862		)
Fuel hedge contracts	Cost of sales (benefit)	—			225

Schedule of Notional Amounts of Outstanding Derivative Positions

The following table contains the notional amounts of the derivative financial instruments recorded in the Consolidated Balance Sheets:

	Notional Amount
	June 30, 2015		December 31, 2014
Derivatives designated as cash flow hedges:
Foreign currency exchange contracts		$28,200		$28,540
Foreign currency option contracts	135,700		79,400
Derivative designated as a net investment hedge:
Foreign currency exchange contract	23,828		27,419
Derivatives not designated as hedging instruments:
Interest rate swaps	129,352		161,968

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

The following table contains the fair values of the derivative financial instruments recorded in the Consolidated Balance Sheets:

	Location on Balance Sheet	Fair Value Assets / (Liabilities) (a)
		June 30, 2015			December 31, 2014
Derivatives designated as cash flow hedges:
Foreign currency exchange contracts	Prepaid and other current assets	—				$132
	Other assets	—			59
	Other current liabilities	(2,197		)	(272		)
	Other non-current liabilities	(639		)	—
Foreign currency option contracts	Prepaid and other current assets	—			299
	Other assets	—			198
	Other current liabilities	(3,614		)	(1,439		)
	Other non-current liabilities	(653		)	(196		)
Derivative designated as a net investment hedge:
Foreign currency exchange contract	Prepaid and other current assets	2,884			—
	Other current liabilities	—			(223		)
Derivatives not designated as hedging instruments:
Interest rate swaps	Other non-current liabilities	(8,271		)	(7,247		)
Total derivative contracts:
Prepaid and other current assets			$2,884			$431
Other assets		—			257
Total derivative assets		2,884			688
Other current liabilities		(5,811		)	(1,934		)
Other non-current liabilities		(9,563		)	(7,443		)
Total derivative liabilities			($15,374	)		($9,377	)

(a) See Note 10 — Fair Value Measurements for further information on the fair value of the Company’s derivatives including their classification within the fair value hierarchy.