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Derivative Instruments And Hedging Activities (Tables)
12 Months Ended
Dec. 31, 2014
Derivative Instruments And Hedging Activities [Abstract]  
Derivatives Designated As Hedging Instruments

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2014

 

As of December 31, 2013

 

 

 

Balance Sheet

 

Fair

 

Balance Sheet

 

Fair

 

 

 

Location

 

Value

 

Location

 

Value

 

Asset Derivatives:

 

 

 

 

 

 

 

 

 

Interest rate swaps

 

Other assets, net

$

369 

 

Other assets, net

$

446 

 

 

 

 

$

369 

 

 

$

446 

 

 

 

 

 

 

 

 

 

 

 

Liability Derivatives:

 

 

 

 

 

 

 

 

 

Foreign exchange contracts

 

Accrued liabilities

$

12,661 

 

Accrued liabilities

$

1,905 

 

Interest rate swaps

 

Accrued liabilities

 

561 

 

Accrued liabilities

 

746 

 

Foreign exchange contracts

 

Other non-current liabilities

 

37,767 

 

Other non-current liabilities

 

13,166 

 

 

 

 

$

50,989 

 

 

$

15,817 

 

 

Derivatives Not Designated As Hedging Instruments

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2014

 

As of December 31, 2013

 

 

 

Balance Sheet

 

Fair

 

Balance Sheet

 

Fair

 

 

 

Location

 

Value

 

Location

 

Value

 

Asset Derivatives:

 

 

 

 

 

 

 

 

 

Foreign exchange contracts

 

Other current assets

$

 -

 

Other current assets

$

69 

 

 

 

 

$

 -

 

 

$

69 

 

 

Impact Of Derivative Instruments On Accumulated Comprehensive Income (Loss)

 

 

 

 

 

 

 

 

 

 

Gain (Loss) Recognized in OCI

 

 

 

on Derivatives, Net of Tax

 

 

 

(Effective Portion)

 

 

 

Year Ended December 31,

 

 

 

2014

 

2013

 

2012

 

 

 

 

 

 

 

 

 

Foreign exchange contracts

$

(22,170)

$

(9,796)

$

 -

 

Oil and gas commodity contracts

 

 -

 

 -

 

(12,860)

 

Interest rate swaps

 

70 

 

(195)

 

(81)

 

 

$

(22,100)

$

(9,991)

$

(12,941)

 

 

Gain (Loss) Reclassified From Accumulated OCI Into Income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gain (Loss) Reclassified from

 

 

 

Location of Gain (Loss)

 

 

Accumulated OCI into Earnings

 

 

 

Reclassified from

 

 

(Effective Portion)

 

 

 

Accumulated OCI into Earnings

 

 

Year Ended December 31,

 

 

 

(Effective Portion)

 

 

2014

 

 

2013

 

 

2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Oil and gas commodity contracts

 

Income from discontinued operations, net of tax

 

$

 -

 

$

 -

 

$

3,184 

 

Interest rate swaps

 

Net interest expense

 

 

(858)

 

 

(152)

 

 

(523)

 

Foreign exchange contracts

 

Cost of sales

 

 

(2,507)

 

 

(1,324)

 

 

 -

 

 

 

 

 

$

(3,365)

 

$

(1,476)

 

$

2,661 

 

 

Impact Of Non Designated Derivative Instruments On Income Statement

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gain (Loss) Recognized

 

 

 

Location of Gain (Loss)

 

 

in Earnings on Derivatives

 

 

 

Recognized in Earnings

 

 

Year Ended December 31,

 

 

 

on Derivatives

 

 

2014

 

 

2013

 

 

2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Oil and gas commodity contracts

 

Income from discontinued operations, net of tax

 

$

 -

 

$

 -

 

$

5,550 

 

Oil and gas commodity contracts

 

Loss on commodity derivative contracts

 

 

 -

 

 

(14,113)

 

 

(10,507)

 

Interest rate swaps

 

Other expense, net

 

 

 -

 

 

(86)

 

 

(567)

 

Foreign exchange contracts

 

Other expense, net

 

 

 

 

(630)

 

 

411 

 

 

 

 

 

$

 

$

(14,829)

 

$

(5,113)