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Derivative Financial Instruments (Tables)
9 Months Ended
Sep. 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 September 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

  

  

$

1,299

 

  

Current liabilities

 

$

 

 

$

1,299

 

 

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,

2018

 

 

Three Months

Ended

September 30,

2017

 

 

Nine Months

Ended

September 30,

2018

 

 

Nine Months

Ended

September 30,

2017

 

Foreign currency derivatives

 

Product revenues

 

$

 

 

$

54

 

 

$

 

 

$

54

 

 

 

Cost of sales

 

 

391

 

 

 

1,424

 

 

 

(214

)

 

 

1,303

 

 

 

Selling, general and administrative

 

 

 

 

 

 

75

 

 

 

(216

)

 

 

Other comprehensive income

 

 

1,753

 

 

(1,234

)

 

 

2,304

 

 

 

2,541

 

 

 

Foreign currency (loss) gain

 

 

11

 

 

15

 

 

 

58

 

 

 

(62

)

Total foreign currency derivatives

 

 

 

$

2,155

 

 

$

259

 

 

$

2,223

 

 

$

3,620

 

Commodity derivatives

 

Cost of sales

 

$

 

 

$

(4

)

 

 

145

 

 

$

25

 

 

 

Other comprehensive income

 

 

 

136

 

 

 

(218

)

 

 

184

 

Total commodity derivatives

 

 

 

$

 

 

$

132

 

 

$$

(73

)

 

$

209