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Hedging Transactions and Derivative Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2015
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
April 2015 - June 2015
150
 metric tons per month
 
CNY/EUR
¥683,664
July 2015 - September 2015
135
 metric tons per month
 
USD/EUR
$3,000,000
October 2015 - December 2015
123
 metric tons per month
 
EUR/USD
€10,062,000
January 2016 - March 2016
100
 metric tons per month
 
JPY/USD
¥160,000,000
April 2016 - June 2016
50
 metric tons per month
 
HUF/EUR
30,000,000
July 2016 - September 2016
20
 metric tons per month
 
JPY/EUR
¥180,000,000
 
 
 
CNY/USD
¥141,000,000
 
 
 
 
 

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 quarter ended March 31, 2015
 
 
 
 
Amount of gain (loss)
 
Foreign Exchange Contracts
 
Location of gain (loss)
 
Three months ended
Contracts designated as hedging instruments
 
Other comprehensive income (loss)
 
$
197

Contracts not designated as hedging instruments
 
Other income (expense), net
 
(250
)
Copper Derivative Instruments
 
 
 
 
Contracts not designated as hedging instruments
 
Other income (expense), net
 
(290
)
Interest Rate Swap Instrument
 
 
 
 
Contracts designated as hedging instruments
 
Other comprehensive income (loss)
 
(128
)

(Dollars in thousands)
 
 
The Effect of Current Derivative Instruments on the Financial Statements for the quarter ended March 31, 2014
 
 
 
Amount of gain (loss)
 
Foreign Exchange Contracts
 
Location of gain (loss)
Three months ended
 
Contracts not designated as hedging instruments
 
Other income (expense), net
$
(7
)
 
Copper Derivative Instruments
 
 
 
 
Contracts not designated as hedging instruments
 
Other income (expense), net
(1,027
)
 
Interest Rate Swap Instrument
 
 
 
 
Contracts designated as hedging instruments
 
Other comprehensive income (loss)
(269
)