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Derivative Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2018
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Information Related to Recurring Fair Value Measurement of Derivative Instruments in Our Consolidated Condensed Balance Sheet

Note 7 – Derivative Financial Instruments – Continued

Information related to the recurring fair value measurement of derivative instruments in our consolidated condensed balance sheet as of March 31, 2018 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 assets

  

  

$

1,168

 

  

Current liabilities

 

$

(1

)

 

$

1,167

 

 

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,

2018

 

 

Three Months

Ended

March  31,

2017

 

Foreign currency derivatives

 

Product revenues

 

$

 

 

$

 

 

 

Cost of sales

 

(81

)

 

(472

)

 

 

Selling, general and administrative

 

 

53

 

 

(216

)

 

 

Other comprehensive income

 

 

2,112

 

 

2,960

 

 

 

Foreign currency (loss) gain

 

 

37

 

 

(57

)

Total foreign currency derivatives

 

 

 

$

2,121

 

 

$

2,215

 

Commodity derivatives

 

Cost of sales

 

$

145

 

 

$

19

 

 

 

Other comprehensive income

 

(218

)

 

32

 

Total commodity derivatives

 

 

 

$

(73

)

 

$

51