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Derivative Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2018
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, 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

  

  

$

 

  

Current liabilities

 

$

(454

)

 

$

(454

)

 

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,

2018

 

 

Three Months

Ended

June  30,

2017

 

 

Six Months

Ended

June  30,

2018

 

 

Six Months

Ended

June  30,

2017

 

Foreign currency derivatives

 

Cost of sales

 

$

(524

)

 

$

351

 

 

$

(605

)

 

$

(121

)

 

 

Selling, general and administrative

 

22

 

 

 

 

 

75

 

 

 

(216

)

 

 

Other comprehensive income

 

 

(1,561

)

 

815

 

 

 

551

 

 

 

3,775

 

 

 

Foreign currency (loss) gain

 

 

10

 

 

(20

)

 

 

47

 

 

 

(77

)

Total foreign currency derivatives

 

 

 

$

(2,053

)

 

$

1,146

 

 

 

68

 

 

$

3,361

 

Commodity derivatives

 

Cost of sales

 

$

 

 

$

10

 

 

 

145

 

 

$

29

 

 

 

Other comprehensive income

 

 

 

16

 

 

 

(218

)

 

 

48

 

Total commodity derivatives

 

 

 

$

 

 

$

26

 

 

 

(73

)

 

$

77