DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

6 Months Ended

Jun. 30, 2021

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 June 30, 2021 and December 31, 2020

		June 30, 2021				December 31, 2020
	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	$	—	$	30	$	—	$	322
		$	—	$	30	$	—	$	322
Derivative Liabilities
Foreign Exchange Contracts	Accounts payable, accrued and other liabilities	$	—	$	1,526	$	—	$	146
Cross Currency Swap Contract (1)	Accounts payable, accrued and other liabilities	4,056		—		8,309		—
		$	4,056	$	1,526	$	8,309	$	146

__________________________

(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 June 30, 2021 and 2020

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
	2021		2020			2021		2020
Cross currency swap contract:
Interest component	$	295	$	(208)	Interest expense	$	6	$	525	$	(7,175)
Foreign exchange component	(1,290)		(3,060)		Miscellaneous, net	(1,290)		(3,060)		(2,028)
	$	(995)	$	(3,268)		$	(1,284)	$	(2,535)

The Effect of Cash Flow Hedge Accounting on Accumulated Other Comprehensive Income (Loss) for the Six Months Ended June 30, 2021 and 2020

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
	2021		2020			2021		2020
Cross currency swap contract:
Interest component	$	827	$	2,038	Interest expense	$	18	$	1,288	$	(14,590)
Foreign exchange component	3,239		(280)		Miscellaneous, net	3,239		(280)		(2,991)
	$	4,066	$	1,758		$	3,257	$	1,008

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 June 30, 2021 and 2020

Derivatives Not Designated as Hedging Instruments	Location of (Loss) Gain Recognized in Income on Derivatives	Amount of (Loss) Gain Recognized in Income on Derivatives
		2021		2020
Foreign Exchange Contracts	Other (Expense) Income: Miscellaneous, net	$	(1,176)	$	(940)
		$	(1,176)	$	(940)

The Effect of Derivatives Not Designated as Hedging Instruments on the Condensed Consolidated Statements of Income for the Six Months Ended June 30, 2021 and 2020

Derivatives Not Designated as Hedging Instruments	Location of (Loss) Gain Recognized in Income on Derivatives	Amount of (Loss) Gain Recognized in Income on Derivatives
		2021		2020
Foreign Exchange Contracts	Other (Expense) Income: Miscellaneous, net	$	(1,689)	$	807
		$	(1,689)	$	807

Schedule of offsetting derivative assets and liabilities

			Gross Amounts Offset in the Statement of Financial Position	Net Amounts Presented in the Statement of Financial Position		Gross Amounts not Offset in the Statement of Financial Position
	Gross Amount					Financial Instruments	Cash Collateral Received	Net Amount
Description
June 30, 2021
Derivative Assets	$	30	—	$	30	—	—	$	30
Total Assets	$	30	—	$	30	—	—	$	30
Derivative Liabilities	$	5,582	—	$	5,582	—	—	$	5,582
Total Liabilities	$	5,582	—	$	5,582	—	—	$	5,582
December 31, 2020
Derivative Assets	$	322	—	$	322	—	—	$	322
Total Assets	$	322	—	$	322	—	—	$	322
Derivative Liabilities	$	8,455	—	$	8,455	—	—	$	8,455
Total Liabilities	$	8,455	—	$	8,455	—	—	$	8,455