Hedging Transactions and Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Notional Amounts of Outstanding Derivative Positions

The copper and foreign currency contracts that were outstanding as of September 30, 2015 are listed below:

Notional Value of Copper Derivatives			Notional Values of Foreign Currency Derivatives
October 2015 - December 2015	123	metric tons per month	EUR/USD	€	1,500,000
January 2016 - March 2016	150	metric tons per month	JPY/USD	¥	150,000,000
April 2016 - June 2016	130	metric tons per month	HUF/EUR	50,000,000
July 2016 - September 2016	115	metric tons per month	JPY/EUR	¥	145,000,000
October 2016 - December 2016	80	metric tons per month	CNY/USD	¥	92,510,000
			USD/KRW	$	5,250,000

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 period ended September 30, 2015
		Amount of gain (loss)
Foreign Exchange Contracts	Location of gain (loss)	Quarter ended			Nine months ended
Contracts designated as hedging instruments	Other comprehensive income (loss)	$	10		$	(87	)
Contracts not designated as hedging instruments	Other income (expense), net	(315		)	(123		)
Copper Derivative Instruments
Contracts not designated as hedging instruments	Other income (expense), net	(245		)	(694		)
Interest Rate Swap Instrument
Contracts designated as hedging instruments	Other comprehensive income (loss)	36			85

(Dollars in thousands)		The Effect of Current Derivative Instruments on the Financial Statements for the period ended September 30, 2014
		Amount of gain (loss)
Foreign Exchange Contracts	Location of gain (loss)	Quarter ended			Nine months ended
Contracts not designated as hedging instruments	Other income (expense), net	$	71		$	(83	)
Copper Derivative Instruments
Contracts not designated as hedging instruments	Other income (expense), net	(390		)	(1,053		)
Interest Rate Swap Instrument
Contracts designated as hedging instruments	Other comprehensive income (loss)	82			121