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DERIVATIVES (Tables)
12 Months Ended
Dec. 31, 2012
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, 2012
 
December 31, 2011
Derivatives by hedge designation
 
Other
Current
Assets
 
Other
Current
Liabilities
 
Other
Current
Assets
 
Other
Current
Liabilities
Designated as hedging instruments:
 
 
 
 
 
 
 
 
Foreign exchange contracts
 
$
352

 
$
325

 
$
801

 
$
531

Not designated as hedging instruments:
 
 
 
 
 
 
 
 
Foreign exchange contracts
 
510

 
902

 
726

 
1,026

Commodity contracts
 
731

 

 
1,559

 

Total derivatives
 
$
1,593

 
$
1,227

 
$
3,086

 
$
1,557

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, 2012 and 2011 consisted of the following:
 
 
 
 
Year Ended December 31,
Derivatives by hedge designation
 
Classification of gains (losses)
 
2012
 
2011
Not designated as hedges:
 
 
 
 
 
 
Foreign exchange contracts
 
Selling, general & administrative expenses
 
$
3,711

 
$
92

Commodity contracts
 
Cost of goods sold
 
(1,117
)
 
1,167

Commodity contracts
 
Other income
 

 
(12
)
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, 2012 and 2011 consisted of the following:
 
 
December 31,
Total gain recognized in AOCI, net of tax
 
2012
 
2011
Foreign exchange contracts
 
$
80

 
$
912

The Company expects a gain of $80 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:
 
2012
 
2011
Foreign exchange contracts
 
Sales
 
$
931

 
$
(91
)
 
 
Cost of goods sold
 
234

 
(1,292
)