Derivative Financial Instruments and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of derivatives on the Consolidated Statements of Income and Comprehensive Income

The following table demonstrates the impact of the Company’s derivatives on the Consolidated Statements of Income and Comprehensive Income for the years ended December 31, 2015, 2014 and 2013.

	Location on Statement of Income and Comprehensive Income	2015			2014			2013
Derivatives designated as cash flow hedges:
Foreign currency exchange contracts	Other comprehensive (loss) income		($205	)		($1,069	)		$950
	Other operating (income) expense	—			—			652
Foreign currency option contracts	Other comprehensive (loss) income	370			(1,647		)	460
Interest rate swaps	Other comprehensive (loss) income	(10,197		)	—			—
Derivatives designated as a net investment hedge:
Foreign currency exchange contract	Other comprehensive (loss) income	2,875			(145		)	—
Foreign currency option contracts	Other comprehensive (loss) income	4,606			—			—
Derivatives not designated as hedging instruments:
Foreign currency exchange contracts	Other operating expense (income)	—			25			(1,607		)
Foreign currency option contracts	Other operating expense (income)	1,394			7			1,147
Interest rate swaps	Interest and miscellaneous (expense) income	(4,391		)	(5,882		)	6,085
Fuel hedge contracts	Cost of sales (benefit)	—			160			(255		)

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 at December 31, 2015 and 2014:

	Notional Amount
	2015		2014
Derivatives designated as cash flow hedges:
Foreign currency exchange contracts		$21,250		$28,540
Foreign currency option contracts	107,200		79,400
Interest rate swaps	350,000		—
Derivatives designated as a net investment hedge:
Foreign currency exchange contract	—		27,419
Foreign currency option contracts	331,588		—
Derivatives not designated as hedging instruments:
Interest rate swaps	130,169		161,968

Schedule of Derivative Instruments in Statement of Financial Position

The following table contains the fair values of the derivative financial instruments recorded in the Consolidated Balance Sheets at December 31, 2015 and 2014. Changes in balances of derivative financial instruments are recorded as operating activities in the Consolidated Statements of Cash Flows.

		Fair Value Assets (Liabilities) (a)
	Location on Balance Sheet	2015			2014
Derivatives designated as cash flow hedges:
Foreign currency exchange contracts	Other current assets		$43			$132
	Other assets	—			59
	Other current liabilities	(1,449		)	(272		)
	Other non-current liabilities	(219		)	—
Foreign currency option contracts	Other current assets	560			299
	Other assets	408			198
	Other current liabilities	(1,393		)	(1,439		)
	Other non-current liabilities	(217		)	(196		)
Interest rate swaps	Other non-current liabilities	(10,197		)	—
Derivatives designated as a net investment hedge:
Foreign currency exchange contract	Other current liabilities	—			(223		)
Foreign currency option contracts	Other current assets	4,630			—
	Other current liabilities	(24		)	—
Derivatives not designated as hedging instruments:
Interest rate swaps	Other non-current liabilities	(8,047		)	(7,247		)
Total derivative contracts:
Other current assets			$5,233			$431
Other assets		408			257
Total derivative assets			$5,641			$688
Other current liabilities		(2,866		)	(1,934		)
Other non-current liabilities		(18,680		)	(7,443		)
Total derivative liabilities			($21,546	)		($9,377	)

(a) See Note 14 —Fair Value Measurements for further information on the fair value of our derivatives including their classification within the fair value hierarchy.