Derivative Instruments and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2016

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	2016		2015
Commodity options	$	—	$	399
Foreign exchange forwards	—		187
Foreign exchange options	—		(5,736		)
Total non-designated derivative realized net gain	$	—	$	(5,150	)

Fair value of derivatives

Derivatives consist of the following (in thousands):

		December 31, 2016		December 31, 2015
Derivatives not designated as hedging instruments	Classification	Fair Value		Fair Value
Foreign exchange options	Other current assets	$	—	$	1,792
Foreign exchange forwards	Accrued expenses	$	—	$	14