DERIVATIVES (Tables)

12 Months Ended

Dec. 31, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of fair values of derivative instruments on the Company's Consolidated Balance Sheets

Fair values of derivative instruments in the Company's Consolidated Balance Sheets follow:

	December 31, 2014				December 31, 2013
Derivatives by hedge designation	Other Current Assets		Other Current Liabilities		Other Current Assets		Other Current Liabilities
Designated as hedging instruments:
Foreign exchange contracts	$	461	$	935	$	706	$	219
Net investment Contracts	1,091		469		—		—
Not designated as hedging instruments:
Foreign exchange contracts	482		3,638		766		228
Commodity contracts	47		69		262		47
Total derivatives	$	2,081	$	5,111	$	1,734	$	494

Schedule of effects of undesignated derivative instruments on the Company's Consolidated Statements of Income

The effects of undesignated derivative instruments on the Company's Consolidated Statements of Income for the years ended December 31, 2014 and 2013 consisted of the following:

		Year Ended December 31,
Derivatives by hedge designation	Classification of gains (losses)	2014			2013
Not designated as hedges:
Foreign exchange contracts	Selling, general & administrative expenses	$	(10,427	)	$	215
Commodity contracts	Cost of goods sold	702			2,882

Schedule of effects of designated cash flow hedges on AOCI and the entity's Consolidated Statements of Income

The effects of designated cash flow hedges on AOCI and the Company's Consolidated Statements of Income for the years ended December 31, 2014 and 2013 consisted of the following:

	December 31,
Total (loss) gain recognized in AOCI, net of tax	2014			2013
Foreign exchange contracts	$	(9	)	$	369

The Company expects a loss of $9 related to existing contracts to be reclassified from AOCI, net of tax, to earnings over the next 12 months as the hedged transactions are realized.

		Year Ended December 31,
Derivative type	Gain (loss) reclassified from AOCI to:	2014			2013
Foreign exchange contracts	Sales	$	(80	)	$	619
	Cost of goods sold	422			418
Net investment contracts	Selling, general & administrative expenses	—			(67		)