DERIVATIVES (Tables)

6 Months Ended

Jun. 30, 2015

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:

	June 30, 2015				December 31, 2014
Derivatives by hedge designation	Other Current Assets		Other Current Liabilities		Other Current Assets		Other Current Liabilities
Designated as hedging instruments:
Foreign exchange contracts	$	195	$	424	$	461	$	935
Net investment contracts	64		—		1,091		469
Not designated as hedging instruments:
Foreign exchange contracts	612		1,420		482		3,638
Commodity contracts	63		24		47		69
Total derivatives	$	934	$	1,868	$	2,081	$	5,111

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 three and six month periods ended June 30, 2015 and 2014 consisted of the following:

		Three Months Ended June 30,					Six Months Ended June 30,
Derivatives by hedge designation	Classification of gain (loss)	2015		2014			2015			2014
Not designated as hedges:
Foreign exchange contracts	Selling, general & administrative expenses	$	2,512	$	1,259		$	(7,092	)	$	1,298
Commodity contracts	Cost of goods sold	194		(505		)	50			(501		)

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

The effects of designated hedges on AOCI and the Company’s Consolidated Statements of Income consisted of the following:

Total gain (loss) recognized in AOCI, net of tax	June 30, 2015			December 31, 2014
Foreign exchange contracts	$	(221	)	$	(9	)
Net investment contracts	733			—

The Company expects a loss of $221 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. 

		Three Months Ended June 30,					Six Months Ended June 30,
Derivative type	Gain (loss) reclassified from AOCI to:	2015		2014			2015			2014
Foreign exchange contracts	Sales	$	8	$	(82	)	$	(521	)	$	50
	Cost of goods sold	306		79			613			236