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Derivative Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2016
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Information Related to Recurring Fair Value Measurement of Derivative Financial Instruments in Our Consolidated Balance Sheet

Information related to the recurring fair value measurement of derivative financial instruments in our consolidated balance sheet as of December 31, 2016 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

 

 

Foreign currency derivatives

  

Cash flow hedge

  

Level 2

  

 

 

 

  

 

 

 

  

Current liabilities

 

$

(1,395

)

 

$

(1,395

)

Commodity derivatives

  

Cash flow hedge

  

Level 2

  

 

Current assets

  

  

$

18

  

  

 

 

 

 

 

 

$

18

 

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

 

 

  

 

  

 

  

Liability Derivatives

 

 

Net Asset/
(Liabilities)

 

 

  

Hedge

Designation

  

Fair Value

Hierarchy

  

Balance Sheet
Location

  

Fair
Value

 

 

Commodity derivatives

  

Cash flow hedge

  

Level 2

  

Current liabilities

  

 $

(725

)

 

$

(725

)

 

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

Information related to the effect of derivative instrument`s on our consolidated statements of income is as follows:  

 

 

 

Location

  

Year
Ended
December 31,
2016

 

 

Year
Ended
December 31,
2015

 

Foreign currency derivatives

 

Product revenues

 

 

 

 

 

(1,102

)

 

 

Cost of sales

 

 

(608

)

 

 

(1,782

)

 

 

Selling, general and administrative

 

 

139

 

 

 

(477

)

 

 

Other comprehensive (loss) income

 

 

(1,395

)

 

 

10

 

 

 

Foreign currency gain

 

 

102

 

 

 

351

 

Total foreign currency derivatives

 

 

 

$

(1,762

)

 

$

(3,000

)

CRS

 

Revaluation of derivatives

 

$

 

 

$

 

 

 

Gain on settlement of derivatives

 

 

 

 

 

9,949

 

Total CRS

 

 

 

$

 

 

$

9,949

 

Commodity derivatives

 

Cost of sales

 

$

(666

)

 

$

(123

)

 

 

Other comprehensive income (loss)

 

$

743

 

 

$

(725

)

Total commodity derivatives

 

 

 

$

77

 

 

$

(848

)