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Derivative Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2015
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Information Related to Recurring Fair Value Measurement of Derivative Instruments in Our Consolidated Condensed Balance Sheet

Information related to the recurring fair value measurement of derivative instruments in our consolidated condensed balance sheet as of March 31, 2015 is as follows:

 

 

 

 

 

 

 

Asset Derivatives

 

 

Liability Derivatives

 

 

Net Asset/
(Liabilities)

 

 

 

Hedge 
Designation

 

Fair Value
Hierarchy

 

Balance Sheet
Location

 

 

Fair
Value

 

 

Balance Sheet
Location

 

Fair
Value

 

 

 

 

CRS

 

Not a hedge

 

Level 2

 

 

 

 

 

 

 

 

 

Current liabilities

 

$

(4,315

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-current 
liabilities

 

 

(9,017

)

 

 

 

 

Total CRS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

(13,332

)

 

$

(13,332

)

Foreign currency derivatives

 

Cash flow hedge

 

Level 2

 

 

Current assets

 

 

$

158

 

 

Current liabilities

 

$

(502

)

 

$

(344

)

Foreign currency derivatives

 

Not a hedge

 

Level 2

 

 

Current assets

 

 

$

2,128

 

 

 

 

 

 

 

 

$

2,128

 

 

 

 

 

 

 

 

Non-current
assets

 

 

 

4,821

 

 

 

 

 

 

 

 

 

4,821

 

Total foreign currency derivatives

 

 

 

 

 

 

 

 

 

$

7,107

 

 

 

 

$

(502

)

 

$

6,605

 

Commodity derivatives

 

Cash flow hedge

 

Level 2

 

 

Current assets

 

 

$

76

 

 

 

 

 

 

 

 

$

76

 

 

Information Related to Effect of Derivative Instruments on Our Consolidated Condensed Statements of Income

Information relating to the effect of derivative instruments on our consolidated condensed statements of income is as follows:

 

 

 

Location

 

Three Months
Ended
March 31,
2015

 

 

Three Months
Ended
March 31,
2014

 

Foreign currency derivatives

 

Revaluation of derivatives

 

$

6,197

 

$

262

 

 

 

Cost of sales

 

 

(128

)

 

(53

)

 

 

Selling, general and administrative

 

 

21

 

 

(48

)

 

 

Other comprehensive income

 

 

(347

)

 

61

 

 

 

Foreign currency gain (loss)

 

 

207

 

 

(453

)

Total foreign currency derivatives

 

 

 

$

5,950

 

$

(231

)

CRS

 

Revaluation of derivatives

 

$

(7,161

)

$

(509

)

Interest rate derivatives

 

Other comprehensive income

 

$

 

$

39

 

Commodity derivatives

 

Other comprehensive income

 

$

76

 

$