DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

12 Months Ended

Dec. 31, 2015

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

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

Derivative Contracts Not Designated		December 31,		December 31,
as Hedging Instruments	Balance Sheet Location	2015		2014
Derivative Assets
Foreign Exchange Contracts	Prepayments and other	$	1,924	$	1,037
Foreign Exchange Contracts	Miscellaneous other assets		112		7
		$	2,036	$	1,044
Derivative Liabilities
Foreign Exchange Contracts	Accounts payable and accrued liabilities	$	1,152	$	2,378
Foreign Exchange Contracts	Deferred and other non-current liabilities		45		115
		$	1,197	$	2,493

Schedule of Effect of Derivative Instruments on the Consolidated Statements of Income

		Amount of Gain (Loss)
Derivatives Not Designated	Location of Gain (Loss) Recognized	Recognized in Income
as Hedging Instruments	in Income on Derivatives	on Derivatives
		2015		2014
Foreign Exchange Contracts	Other Income (Expense)	$	1,704	$	(2,368)
	Miscellaneous, net
		$	1,704	$	(2,368)

Schedule of offsetting derivative assets and liabilities

						Gross Amounts not Offset
				Net Amounts		in the Statement of
			Gross Amounts	Presented in		Financial Position
	Gross		Offset in the	the Statement of		Financial	Cash Collateral	Net
	Amount		Financial Position	Financial Position		Instruments	Received	Amount
Description
December 31, 2015
Derivative Assets	$	2,036	—	$	2,036	—	—	$	2,036
Total Assets	$	2,036	—	$	2,036	—	—	$	2,036
Derivative Liabilities	$	1,197	—	$	1,197	—	—	$	1,197
Total Liabilities	$	1,197	—	$	1,197	—	—	$	1,197
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