DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

3 Months Ended

Mar. 31, 2015

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	March 31, 2015		December 31, 2014
Derivative Assets
Foreign Exchange Contracts	Prepaid and other	$	7,443	$	1,037
Foreign Exchange Contracts	Miscellaneous Other Assets	--		7
		$	7,443	$	1,044
Derivative Liabilities
Foreign Exchange Contracts	Accounts payable and accrued liabilities	$	4,449	$	2,378
Foreign Exchange Contracts	Deferred and other non-current liabilities	152		115
		$	4,601	$	2,493

Schedule of 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 March 31, 2015 and March 31, 2014

Derivatives Not Designated as Hedging Instruments	Location of Gain or (Loss) Recognized in Income on Derivative	Amount of Gain or (Loss) Recognized in Income on Derivative
		2015		2014
Foreign Exchange Contracts	Other Income (Expense) Miscellaneous, net	$	3,253	$	(159	)
		$	3,253	$	(159	)

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
March 31, 2015
Derivative Assets	$	7,443	--	$	7,443	--	--	$	7,443
Total Assets	$	7,443	--	$	7,443	--	--	$	7,443
Derivative Liabilities	$	4,601	--	$	4,601	--	--	$	4,601
Total Liabilities	$	4,601	--	$	4,601	--	--	$	4,601
December 31, 2014
Derivative Assets	$	1,044	--	$	1,044	--	--	$	1,044
Total Assets	$	1,044	--	$	1,044	--	--	$	1,044
Derivative Liabilities	$	2,493	--	$	2,493	--	--	$	2,493
Total Liabilities	$	2,493	--	$	2,493	--	--	$	2,493