Derivative Instruments and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivatives not designated as hedging instruments

The (gains) losses recognized for the twelve months ended December 31, are as follows (in thousands):

Derivatives not designated as hedging instruments	2015			2014
Commodity options	$	399		$	685
Foreign exchange forwards	187			(731		)
Foreign exchange options (1)	(5,736		)	(1,015		)
Total non-designated derivative realized (gain) loss, net	$	(5,150	)	$	(1,061	)

(1) Includes a loss of $182,000 for the discontinuation of cash flow hedges for which the forecasted transactions are not expected to occur within the originally forecasted time frame.

Fair value of derivatives

Derivatives consist of the following (in thousands):

		December 31, 2015		December 31, 2014
Derivatives not designated as hedging instruments	Classification	Fair Value		Fair Value
Commodity options	Other current assets	$	—	$	591
Commodity options	Other assets	—		162
Foreign exchange options	Other current assets	1,792		1,851
Foreign exchange options	Other assets	—		445
	Total assets	$	1,792	$	3,049
Foreign exchange forwards	Accrued expenses	$	14	$	—