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Derivative Instruments (Tables)
12 Months Ended
Dec. 31, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
As of December 31, 2014 and 2013, the fair value carrying amount of the Company's derivatives designated as hedging instruments are recorded as follows:
 
 
 
 
Asset / (Liability) Derivatives
 
 
Balance Sheet Caption
 
December 31, 2014
 
December 31, 2013
 
 
 
 
(dollars in thousands)
Derivatives designated as hedging instruments
 
 
 
 
 
 
Interest rate swap
 
Other assets
 
$
1,270

 
$
2,080

Interest rate swap
 
Accrued liabilities
 
(180
)
 
(360
)
Foreign currency forward contracts
 
Accrued liabilities
 
(150
)
 

Total derivatives designated as hedging instruments
 
 
 
$
940

 
$
1,720

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance
The following tables summarize the income (loss) recognized in accumulated other comprehensive income ("AOCI"), the amounts reclassified from AOCI into earnings and the amounts recognized directly into earnings as of December 31, 2014 and 2013 and for the years ended December 31, 2014, 2013 and 2012:
 
 
Amount of Income (Loss) Recognized
in AOCI on Derivative
(Effective Portion, net of tax)
 
Location of Income (Loss) Reclassified from AOCI into Earnings
(Effective Portion)
 
Amount of Income (Loss) Reclassified from
AOCI into Earnings
 
 
As of December 31,
 
 
Year ended December 31,
 
 
2014
 
2013
 
 
2014
 
2013
 
2012
 
 
(dollars in thousands)
 
 
 
(dollars in thousands)
Derivatives designated as hedging instruments
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate swap
 
$
680

 
$
1,060

 
Interest expense
 
$
(970
)
 
$
2,510

 
$
(250
)
Foreign currency forward contracts
 
$
(70
)
 
$

 
Cost of sales
 
$
170

 
$

 
$

Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]
 
 
 
 
Amount of Loss Recognized in Earnings
on Derivatives
 
 
 
 
Year ended December 31,
 
 
Location of Loss Recognized in Earnings on Derivatives
 
2014
 
2013
 
2012
 
 
 
 
(dollars in thousands)
Derivatives not designated as hedging instruments
 
 
 
 
 
 
 
 
Interest rate swaps
 
Interest expense
 
$

 
$
(1,480
)
 
$
(80
)
Fair Value Measurements, Recurring and Nonrecurring
Fair value measurements and the fair value hierarchy level for the Company's assets and liabilities measured at fair value on a recurring basis as of December 31, 2014 and 2013 are shown below.
 
 
Frequency
 
Asset / (Liability)
 
Quoted Prices in Active Markets for Identical Assets
(Level 1)
 
Significant Other Observable Inputs
(Level 2)
 
Significant Unobservable Inputs
(Level 3)
 
 
 
 
(dollars in thousands)
December 31, 2014
 
 
 
 
 
 
 
 
 
 
Interest rate swap
 
Recurring
 
$
1,090

 
$

 
$
1,090

 
$

Foreign currency forward contracts
 
Recurring
 
$
(150
)
 
$

 
$
(150
)
 
$

December 31, 2013
 
 
 
 
 
 
 
 
 
 
Interest rate swap
 
Recurring
 
$
1,720

 
$

 
$
1,720

 
$