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Derivative Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2019
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 March 31, 2019 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

  

  

$

857

 

  

Current liabilities

 

$

 

 

$

857

 

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,

2019

 

 

Three Months

Ended

March 31,

2018

 

Foreign currency derivatives

 

Cost of sales

 

 

$

240

 

 

$

(81

)

 

 

Selling, general and administrative

 

 

 

 

 

 

53

 

 

 

Other comprehensive income

 

 

 

766

 

 

 

2,112

 

 

 

Foreign currency (loss) gain

 

 

 

(37

)

 

 

37

 

Total foreign currency derivatives

 

 

 

 

$

969

 

 

$

2,121

 

Commodity derivatives

 

Cost of sales

 

 

$

 

 

$

145

 

 

 

Other comprehensive income

 

 

 

 

 

 

(218

)

Total commodity derivatives

 

 

 

 

$$

 

 

$

(73

)