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Hedge Contracts (Tables)
 12 Months Ended
Dec. 31, 2015
Hedge Contracts (Tables)  
Schedule of Notional Amounts of Outstanding Derivative Positions Table
Derivative Contracts
 
US Dollar Notional Amount
 
Traded Exchange Rate
 
Settlement Date

 
(In Thousands)
 
 
 
 
Forward purchase euro
 
$
3,768

 
1.11

 
1/19/2016
Forward purchase pounds sterling
 
$
12,614

 
1.52

 
1/19/2016
Forward purchase Mexican peso
 
$
7,850

 
17.45

 
1/19/2016
Forward purchase Saudi Arabia riyal
 
$
5,040

 
3.74

 
1/5/2016
Forward sale Mexican peso
 
$
4,641

 
17.45
 
1/19/2016
Derivatives Designated as Hedging Instruments Table
Derivative Contracts
 
US Dollar Notional Amount
 
Traded Exchange Rate
 
Settlement Date

 
(In Thousands)
 

 

Forward purchase pounds sterling
 
$
7,024

 
1.57
 
1/16/2015
Forward sale Brazilian real
 
$
1,958

 
2.70
 
1/16/2015
Forward sale Canadian dollar
 
$
3,770

 
1.16
 
1/16/2015
Forward purchase Mexican peso
 
$
8,427

 
14.58
 
1/16/2015
Forward sale Canadian dollar
 
$
1,150

 
1.16
 
1/16/2015

Under this program, we and CCLP may enter into similar derivative contracts from time to time. Although contracts pursuant to this program will serve as an economic hedge of the cash flow of our currency exchange risk exposure, they are not formally designated as hedge contracts or qualify for hedge accounting treatment. Accordingly, any change in the fair value of these derivative instruments during a period will be included in the determination of earnings for that period.

The fair value of foreign currency derivative instruments are based on quoted market values as reported to us by our counterparty (a Level-2 measurement). The fair values of our foreign currency derivative instruments as of December 31, 2015 and 2014, are as follows:
Foreign currency derivative instruments
Balance Sheet Location
 
 Fair Value at
December 31, 2015
 Fair Value at
December 31, 2014

 

 
(In Thousands)
Forward purchase contracts
 
Current assets
 
$
—

$
—

Forward sale contracts
 
Current assets
 
23

—

Forward sale contracts
 
Current liabilities
 
(31
)
(91
)
Forward purchase contracts
 
Current liabilities
 
(354
)
(83
)
Total
 

 
$
(362
)
$
(174
)