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Derivative Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2016
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 September 30, 2016 is as follows:  

 

 

 

 

 

 

 

Liability Derivatives

 

 

Net 

Liabilities

 

 

 

Hedge 
Designation

 

Fair Value
Hierarchy

 

Balance Sheet
Location

 

Fair
Value

 

 

 

 

Foreign currency derivatives

 

Cash flow hedge

 

Level 2

 

Current liabilities

 

$

(625

)

 

$

(625

)

Commodity derivatives

 

Cash flow hedge

 

Level 2

 

Current liabilities

 

$

(181

)

 

$

(181

)

 

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
September 30,
2016

 

 

Three Months
Ended
September 30,
2015

 

 

Nine Months
Ended
September 30,
2016

 

 

Nine Months
Ended
September 30,
2015

 

Foreign currency derivatives                

 

Revaluation of derivatives

 

$

 

 

$

(2,526

)

 

$

 

 

$

3,752

 

 

 

Cost of sales

 

 

(112

)

 

 

(694

)

 

 

23

 

 

 

(1,014

)

 

 

Selling, general and administrative

 

 

 

 

 

(235

)

 

 

139

 

 

 

(189

)

 

 

Other comprehensive income

 

 

(868

)

 

 

(460

)

 

 

(624

)

 

 

(1,237

)

 

 

Foreign currency gain

 

 

(41

)

 

 

31

 

 

 

108

 

 

 

320

 

Total foreign currency derivatives

 

 

 

$

(1,021

)

 

$

(3,884

)

 

$

(354

)

 

$

1,632

 

Currency related interest rate swap

 

Revaluation of derivatives

 

 

 

 

 

    2,392

 

 

 

 

 

 

(4,903

)

Commodity derivatives

 

Cost of sales

 

$

(157

)

 

$

 

 

$

(510

)

 

$

 

 

 

Other comprehensive income

 

 

139

 

 

 

(373

)

 

 

544

 

 

 

(421

)

Total commodity derivatives

 

 

 

$

(18

)

 

$

(373

)

 

$

34

 

 

$

(421

)