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FAIR VALUE (Tables)
6 Months Ended
Jun. 30, 2015
Fair Value Disclosures [Abstract]  
Summary of assets and liabilities measured at fair value on a recurring basis
The following table provides a summary of assets and liabilities as of June 30, 2015, measured at fair value on a recurring basis:
Description
 
Balance as of
June 30, 2015
 
Quoted Prices
in Active
Markets for
Identical Assets
or Liabilities
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Assets:
 
 

 
 

 
 

 
 

Foreign exchange contracts
 
$
807

 
$

 
$
807

 
$

Commodity contracts
 
63

 

 
63

 

Net investment contracts
 
64

 

 
64

 

Total assets
 
$
934

 
$

 
$
934

 
$

 
 
 
 
 
 
 
 
 
Liabilities:
 
 

 
 

 
 

 
 

Foreign exchange contracts
 
$
1,844

 
$

 
$
1,844

 
$

Commodity contracts
 
24

 

 
24

 

Contingent consideration
 
7,507

 

 

 
7,507

Forward contract
 
19,194

 

 

 
19,194

Deferred compensation
 
22,990

 

 
22,990

 

Total liabilities
 
$
51,559

 
$

 
$
24,858

 
$
26,701

The following table provides a summary of assets and liabilities as of December 31, 2014, measured at fair value on a recurring basis:
Description
 
Balance as of December 31, 2014
 
Quoted Prices
in Active
Markets for
Identical Assets
or Liabilities
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Assets:
 
 

 
 

 
 

 
 

Foreign exchange contracts
 
$
943

 
$

 
$
943

 
$

Commodity contracts
 
47

 

 
47

 

Net investment contracts
 
1,091

 

 
1,091

 

Total assets
 
$
2,081

 
$

 
$
2,081

 
$

 
 
 
 
 
 
 
 
 
Liabilities:
 
 

 
 

 
 

 
 

Foreign exchange contracts
 
$
4,573

 
$

 
$
4,573

 
$

Commodity contracts
 
69

 

 
69

 

Net investment contracts
 
469

 

 
469

 

Contingent consideration
 
6,912

 

 

 
6,912

Forward contract
 
25,268

 

 

 
25,268

Deferred compensation
 
21,839

 

 
21,839

 

Total liabilities
 
$
59,130

 
$

 
$
26,950

 
$
32,180