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Hedging Transactions and Derivative Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Notional Amounts of Outstanding Derivative Positions
Notional Value of Copper Derivatives
 
Notional Values of Foreign Currency Derivatives
January 2013 - December 2013
55
 metric tons per month
 
YEN/USD
¥300,000,000
July 2013 - November 2013
40
 metric tons per month
 
USD/EUR
$900,000
December 2013 - March 2014
30
 metric tons per month
 
HUF/EUR
290,000,000
January 2014 - April 2014
30
 metric tons per month
 



Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance
(Dollars in thousands)
 
 
 
The Effect of Current Derivative Instruments on the Financial Statements for the period ended June 30, 2013
 
 
 
 
Amount of gain (loss)
 
Foreign Exchange Contracts
 
Location of gain (loss)
 
Three months ended
 
Six months ended
Contracts not designated as hedging instruments
 
Other income, net
 
$
(14
)
 
$
(9
)
Copper Derivative Instruments
 
 
 
 
 
 

Contracts not designated as hedging instruments
 
Other income, net
 
(162
)
 
(345
)
Interest Rate Swap Instrument
 
 
 
 
 
 
Contracts designated as hedging instruments
 
Other comprehensive income (loss)
 
121

 
112


(Dollars in thousands)
 
 
The Effect of Current Derivative Instruments on the Financial Statements for the period ended June 30, 2012
 
 
 
Amount of gain (loss)
 
Foreign Exchange Contracts
 
Location of gain (loss)
Three months ended
 
Six months ended
Contracts not designated as hedging instruments
 
Other income, net
$

 
$
81

Copper Derivative Instruments
 
 
 
 
 

Contracts designated as hedging instruments
 
Other comprehensive income (loss)
(66
)
 
189