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Derivative Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2015
Derivative Financial Instruments [Abstract]  
Summary Of Interest Rate Swaps

 

 

 

 

 

 

 

 

 

 

Trade Date

 

Notional Amount

 

Interest Rate Paid

 

Coverage Period

 

Risk Coverage

March 27, 2012

 

$250.0

 

1.928 

%

 

March 2012 to March 2018

 

Term Loan B

March 27, 2012

 

$200.0

 

2.810 

%

 

November 2015 to March 2018

 

Term Loan B

April 16, 2013

 

$250.0

 

1.398 

%

 

November 2015 to March 2018

 

Term Loan A

 

Summary Of The Fair Value Of Derivative Instruments On The Consolidated Balance Sheet

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative Assets

 

Derivative Liabilities

 

 

 

Fair Value

 

 

Fair Value

 

 

Balance Sheet   Location

December 31, 2015

 

December 31, 2014

 

Balance Sheet   Location

December 31, 2015

 

December 31, 2014

 

Derivatives designated as hedging instruments

 

 

 

 

 

 

 

 

 

Natural gas commodity contracts

Other current assets

 -

 

 -

 

Accounts payable and accrued expenses

$0.8 

 

$3.0 

 

Foreign exchange contracts

Other current assets

$6.6 

 

$5.7 

 

Accounts payable and accrued expenses

0.3 

 

0.7 

 

Foreign exchange contracts

Other non-current assets

 -

 

0.9 

 

Other long-term liabilities

 -

 

0.1 

 

Interest rate swap contracts

Other non-current assets

 -

 

1.9 

 

Other long-term liabilities

10.6 

 

11.2 

 

Total derivatives designated as hedging instruments

 

$6.6 

 

$8.5 

 

 

$11.7 

 

$15.0 

 

 

Summary Of The Amount Of (Loss) Gain Recognized In Accumulated Other Comprehensive Income

 

 

 

 

 

 

 

 

 

 

 

 

 

Amount of (Loss) Gain Recognized in Accumulated Other Comprehensive Income (“AOCI”) (Effective Portion)(a)

Location of (Loss) Gain Reclassified from AOCI into Income (Effective Portion)

(Loss) Gain Reclassified from AOCI into Income (Effective Portion)

 

2015

 

2014

 

2013

 

2015

 

2014

 

2013

Derivatives in Cash Flow Hedging Relationships

 

 

 

 

 

 

 

 

 

 

 

Natural gas commodity contracts

($2.3)

 

($2.9)

 

$0.5 

Cost of goods sold

($4.4)

 

$0.7 

 

($2.6)

Foreign exchange contracts – purchases

0.4 

 

1.1 

 

5.7 

Cost of goods sold

1.0 

 

1.0 

 

1.5 

Foreign exchange contracts – sales

9.3 

 

4.6 

 

 -

Net sales

8.4 

 

5.0 

 

 -

Interest rate swap contracts

(2.1)

 

(9.3)

 

(7.9)

Interest expense

(0.8)

 

 -

 

 -

Total

$5.3 

 

($6.5)

 

($1.7)

 

$4.2 

 

$6.7 

 

($1.1)

(a)

 

As of December 31, 2015, the amount of existing gains in AOCI expected to be recognized in earnings over the next twelve months is $5.4 million.