DERIVATIVES (Tables)

3 Months Ended

Mar. 31, 2017

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:

	March 31, 2017						December 31, 2016
Derivatives by hedge designation	Other Current Assets		Other Current Liabilities		Other Liabilities		Other Current Assets		Other Current Liabilities		Other Liabilities
Designated as hedging instruments:
Foreign exchange contracts	$	1,566	$	72	$	—	$	439	$	923	$	—
Interest rate swap agreements	—		—		5,813		—		—		5,439
Not designated as hedging instruments:
Foreign exchange contracts	1,266		1,064		—		746		1,529		—
Total derivatives	$	2,832	$	1,136	$	5,813	$	1,185	$	2,452	$	5,439

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 Operations for the three months ended March 31, 2017 and 2016 consisted of the following:

		Three Months Ended March 31,
Derivatives by hedge designation	Classification of gain (loss)	2017		2016
Not designated as hedges:
Foreign exchange contracts	Selling, general & administrative expenses	$	13,702	$	3,597
Commodity contracts	Cost of goods sold	—		(369		)

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 Operations consisted of the following:

Total gain (loss) recognized in AOCI, net of tax	March 31, 2017		December 31, 2016
Foreign exchange contracts	$	1,012	$	(512	)
Net investment contracts	1,099		1,099

The Company expects a gain of $1,012 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 March 31,
Derivative type	Gain (loss) reclassified from AOCI to:	2017			2016
Foreign exchange contracts	Sales	$	(185	)	$	(787	)
	Cost of goods sold	166			(76		)