DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

9 Months Ended

Sep. 30, 2014

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

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

Derivative Contracts Not Designated as Hedging Instruments	Balance Sheet Location	September 30, 2014		December 31, 2013
Derivative Assets
Foreign Exchange Contracts	Prepaid and other	$	801	$	3,003
Foreign Exchange Contracts	Miscellaneous Other Assets	62		985
		$	863	$	3,988
Derivative Liabilities
Foreign Exchange Contracts	Accounts payable and accrued liabilities	$	3,044	$	522
Foreign Exchange Contracts	Deferred and other non-current liabilities	345		110
		$	3,389	$	632

Effect of Derivative Instruments on the Condensed Consolidated Statements of Income

The Effect of Derivative Instruments on the Condensed Consolidated Statements of Income

for the Quarters Ended September 30, 2014 and September 30, 2013

Derivatives Not Designated as Hedging Instruments	Location of (Loss) or Gain Recognized in Income on Derivative	Amount of (Loss) or Gain Recognized in Income on Derivative
		2014			2013
Foreign Exchange Contracts	Other Income (Expense) Miscellaneous, net	$	(1,965	)	$	2,894
		$	(1,965	)	$	2,894

The Effect of Derivative Instruments on the Condensed Consolidated Statements of Income

for the Nine Months Ended September 30, 2014 and September 30, 2013

Derivatives Not Designated as Hedging Instruments	Location of (Loss) or Gain Recognized in Income on Derivative	Amount of (Loss) or Gain Recognized in Income on Derivative
		2014			2013
Foreign Exchange Contracts	Other Income (Expense) Miscellaneous, net	$	(3,459	)	$	2,851
		$	(3,459	)	$	2,851

Schedule of offsetting derivative assets and liabilities

				Net Amounts		Gross Amounts not Offset in the
			Gross Amounts	Presented in		Statement of Financial Position
	Gross		Offset in the	the Statement of		Financial	Cash Collateral	Net
	Amount		Financial Position	Financial Position		Instruments	Received	Amount
Description
September 30, 2014
Derivative Assets	$	863	--	$	863	--	--	$	863
Total Assets	$	863	--	$	863	--	--	$	863
Derivative Liabilities	$	3,389	--	$	3,389	--	--	$	3,389
Total Liabilities	$	3,389	--	$	3,389	--	--	$	3,389
December 31, 2013
Derivative Assets	$	3,988	--	$	3,988	--	--	$	3,988
Total Assets	$	3,988	--	$	3,988	--	--	$	3,988
Derivative Liabilities	$	632	--	$	632	--	--	$	632
Total Liabilities	$	632	--	$	632	--	--	$	632