DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

9 Months Ended

Sep. 30, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Fair Value of Derivative Instruments in the Consolidated Balance Sheets

Fair Value of Derivative Instruments in the Condensed Consolidated Balance Sheets as of September 30, 2020 and December 31, 2019

​	​	September 30, 2020				December 31, 2019
​	Balance Sheet Location	Derivatives Designated as Hedging Instruments		Derivatives not Designated as Hedging Instruments		Derivatives Designated as Hedging Instruments		Derivatives not Designated as Hedging Instruments
Derivative Assets	​	​		​		​		​
Foreign Exchange Contracts	Prepaid and other	$	—	$	73	—		$	206
Cross Currency Swap Contract (1)	Prepaid and other	—		—		2,552		—
​	​	$	—	$	73	$	2,552	$	206
Derivative Liabilities	​	​		​		​		​
Foreign Exchange Contracts	Accounts payable, accrued and other liabilities	$	—	$	426	$	—	$	401
Cross Currency Swap Contract (1)	Accounts payable, accrued and other liabilities	3,227		—		—		—
​	​	$	3,227	$	426	$	—	$	401

__________________________

(1)This cross currency swap contract is composed of both an interest component and a foreign exchange component.

Schedule of Effect of Cash Flow Hedge Accounting on Accumulated Other Comprehensive Income (Loss)

The Effect of Cash Flow Hedge Accounting on Accumulated Other Comprehensive Income (Loss) for the Three Months Ended September 30, 2020 and 2019

Derivatives in Cash Flow Hedging Relationships	Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivative				Location of (Loss) Gain Recognized in Income on Derivatives	Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income on Derivative				Total Amount of Affected Income Statement Line Item
​	2020		2019		​	2020		2019
Cross currency swap contract:	​		​		​	​		​		​
Interest component	$	(1)	$	1,586	Interest expense	$	146	$	1,309	$	(8,851)
Foreign exchange component	(6,099)		6,491		Miscellaneous, net	(6,099)		6,491		(1,040)
​	$	(6,100)	$	8,077	​	$	(5,953)	$	7,800	​

The Effect of Cash Flow Hedge Accounting on Accumulated Other Comprehensive Income (Loss) for the Nine Months Ended September 30, 2020 and 2019

Derivatives in Cash Flow Hedging Relationships	Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivative				Location of (Loss) Gain Recognized in Income on Derivatives	Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income on Derivative				Total Amount of Affected Income Statement Line Item
​	2020		2019		​	2020		2019
Cross currency swap contract:	​		​		​	​		​		​
Interest component	$	2,037	$	4,058	Interest expense	$	1,434	$	4,315	$	(25,973)
Foreign exchange component	(6,379)		8,084		Miscellaneous, net	(6,379)		8,084		(3,375)
​	$	(4,342)	$	12,142	​	$	(4,945)	$	12,399	​

Schedule of Effect of Derivatives Not Designated as Hedging Instruments on the Consolidated Statements of Income

The Effect of Derivatives Not Designated as Hedging Instruments on the Condensed Consolidated Statements of Income for the Three Months Ended September 30, 2020 and 2019

Derivatives Not Designated as Hedging Instruments	Location of (Loss) Gain Recognized in Income on Derivatives	Amount of (Loss) Gain Recognized in Income on Derivatives
​	​	2020		2019
Foreign Exchange Contracts	Other (Expense) Income: Miscellaneous, net	$	(994)	$	(15)
​	​	$	(994)	$	(15)

The Effect of Derivatives Not Designated as Hedging Instruments on the Condensed Consolidated Statements of Income for the Nine Months Ended September 30, 2020 and 2019

Derivatives Not Designated as Hedging Instruments	Location of (Loss) Gain Recognized in Income on Derivatives	Amount of (Loss) Gain Recognized in Income on Derivatives
​	​	2020		2019
Foreign Exchange Contracts	Other (Expense) Income: Miscellaneous, net	$	(187)	$	(529)
​	​	$	(187)	$	(529)

Schedule of offsetting derivative assets and liabilities

​	​					Gross Amounts not Offset in the Statement of Financial Position		​
​	Gross Amount		Gross Amounts Offset in the Statement of Financial Position	Net Amounts Presented in the Statement of Financial Position		Financial Instruments	Cash Collateral Received	Net Amount
Description	​		​	​		​	​	​
September 30, 2020
Derivative Assets	$	73	—	$	73	—	—	$	73
Total Assets	$	73	—	$	73	—	—	$	73
Derivative Liabilities	$	3,653	—	$	3,653	—	—	$	3,653
Total Liabilities	$	3,653	—	$	3,653	—	—	$	3,653
December 31, 2019
Derivative Assets	$	2,758	—	$	2,758	—	—	$	2,758
Total Assets	$	2,758	—	$	2,758	—	—	$	2,758
Derivative Liabilities	$	401	—	$	401	—	—	$	401
Total Liabilities	$	401	—	$	401	—	—	$	401