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Derivative Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2017
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, 2017 is as follows:  

 

 

 

 

 

 

 

Asset Derivatives

 

Net Asset

 

 

 

Hedge Designation

 

Fair Value Hierarchy

 

Balance Sheet Location

 

 

Fair Value

 

 

 

Foreign currency derivatives

 

Cash flow hedge

 

Level 2

 

 

Current assets

 

 

$

1,340

 

$

1,340

 

Commodity derivatives

 

Cash flow hedge

 

Level 2

 

 

Current assets

 

 

$

202

 

$

202

 

 

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

          


Note 6 – Derivative Financial Instruments – Continued  

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

 

 

 

Location

 

Three Months

Ended

September 30,

2017

 

 

Three Months

Ended

September  30,

2016

 

 

Nine Months

Ended

September  30,

2017

 

 

Nine Months

Ended

September  30,

2016

 

Foreign currency derivatives

 

Product revenues

 

$

54

 

 

$

 

 

$

54

 

 

$

 

 

 

Cost of sales

 

1,424

 

 

(112

)

 

1,303

 

 

23

 

 

 

Selling, general and administrative

 

 

 

 

 

 

(216

)

 

139

 

 

 

Other comprehensive income

 

(1,234

)

 

 

(868

)

 

 

2,541

 

 

(624

)

 

 

Foreign currency (loss) gain

 

 

15

 

 

(41

)

 

 

(62

)

 

108

 

Total foreign currency derivatives

 

 

 

$

259

 

 

$

(1,021

)

 

$

3,620

 

 

$

(354

)

Commodity derivatives

 

Cost of sales

 

$

(4

)

 

$

(157

)

 

$

25

 

 

$

(510

)

 

 

Other comprehensive income

 

136

 

 

139

 

 

184

 

 

544

 

Total commodity derivatives

 

 

 

$

132

 

 

$

(18

)

 

$

209

 

 

$

34