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Derivative Financial Instruments (Tables)
6 Months Ended
Jun. 30, 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 June 30, 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

 

$

(4,463

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-current 
liabilities

 

 

(9,499

)

 

 

 

 

Total CRS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

(13,962

)

 

$

(13,962

)

Foreign currency derivatives

 

Cash flow hedge

 

Level 2

 

 

 

 

 

 

 

 

 

Current liabilities

 

$

(785

)

 

$

(785

)

Foreign currency derivatives

 

Not a hedge

 

Level 2

 

 

Current assets

 

 

$

2,195

 

 

 

 

 

 

 

 

$

2,195

 

 

 

 

 

 

 

 

Non-current
assets

 

 

 

5,094

 

 

 

 

 

 

 

 

 

5,094

 

Total foreign currency derivatives

 

 

 

 

 

 

 

 

 

$

7,289

 

 

 

 

$

(785

)

 

$

6,504

 

Commodity derivatives

 

Cash flow hedge

 

Level 2

 

 

 

 

 

 

 

 

 

Current liabilities

 

$

(48

)

 

$

(48

)

 

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
June 30,
2015

 

 

Six Months
Ended
June 30,
2015

 

 

Three Months
Ended
June 30,
2014

 

 

Six Months
Ended
June 30,
2014

 

Foreign currency derivatives

 

Revaluation of derivatives

 

$

81

 

 

$

6,278

 

 

$

(421

)

 

$

(159

)

 

 

Cost of sales

 

 

(192

)

 

 

(320

)

 

 

83

 

 

 

30

 

 

 

Selling, general and administrative

 

 

25

 

 

 

46

 

 

 

(20

)

 

 

(68

)

 

 

Other comprehensive income

 

 

(430

)

 

 

(777)

 

 

 

99

 

 

 

160

 

 

 

Foreign currency (loss) gain

 

 

82

 

 

 

289

 

 

 

5

 

 

 

(448

)

Total foreign currency derivatives

 

 

 

$

(434

)

 

$

5,516

 

 

$

(254

)

 

$

(485

)

CRS

 

Revaluation of derivatives

 

$

(134

)

 

$

(7,295

)

 

$

82

 

 

$

(427

)

Interest rate derivatives

 

Revaluation of derivatives

 

$

 

 

$

 

 

$

(1

)

 

$

(1

)

 

 

Other comprehensive income

 

 

 

 

 

 

 

 

 

 

 

39

 

Commodity derivatives

 

Other comprehensive income

 

$

(124

)

 

$

(48

)

 

$

 

 

$