XML 44 R29.htm IDEA: XBRL DOCUMENT v2.4.1.9
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES: (Tables)
12 Months Ended
Dec. 31, 2014
Derivative Instruments and Hedging Activities  
Summary of the Company's outstanding derivative contracts and their effects on the Condensed Consolidated Statements of Financial Position

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014

 

 

    

Notional

    

 

 

    

 

 

 

 

 

Amounts

 

Assets

 

Liabilities

 

Derivatives designated as hedging instruments:

 

 

 

 

 

 

 

 

 

 

Foreign currency forward contracts

 

$

27,603 

 

$

 —

 

$

(1,939)

 

Commodity futures contracts

 

 

5,422 

 

 

23 

 

 

(760)

 

Total derivatives designated as hedging instruments:

 

 

 

 

 

23 

 

 

(2,699)

 

Derivatives not designated as hedging instruments:

 

 

 

 

 

 

 

 

 

 

Commodity futures contracts

 

 

 

 

 

 —

 

 

 —

 

Total derivatives not designated as hedging instruments:

 

 

 

 

 

 —

 

 

 —

 

Total derivatives

 

 

 

 

$

23 

 

$

(2,699)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2013

 

 

    

Notional

    

 

 

    

 

 

 

 

 

Amounts

 

Assets

 

Liabilities

 

Derivatives designated as hedging instruments:

 

 

 

 

 

 

 

 

 

 

Foreign currency forward contracts

 

$

34,244 

 

$

 —

 

$

(684)

 

Commodity futures contracts

 

 

5,601 

 

 

41 

 

 

(191)

 

Total derivatives designated as hedging instruments:

 

 

 

 

 

41 

 

 

(875)

 

Derivatives not designated as hedging instruments:

 

 

 

 

 

 

 

 

 

 

Commodity futures contracts

 

 

321 

 

 

20 

 

 

 —

 

Total derivatives not designated as hedging instruments:

 

 

 

 

 

20 

 

 

 —

 

Total derivatives

 

 

 

 

$

61 

 

$

(875)

 

 

Effects of derivative instruments on the Condensed Consolidated Statement of Earnings and Retained Earnings, and the Condensed Consolidated Statement of Comprehensive Earnings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For Year Ended December 31, 2014

 

 

    

 

 

    

 

 

    

Gain (Loss)

 

 

 

 

 

 

Gain (Loss)

 

on Amount Excluded

 

 

 

Gain (Loss)

 

Reclassified from

 

from Effectiveness

 

 

 

Recognized

 

Accumulated OCI

 

Testing Recognized

 

 

 

in OCI

 

into Earnings

 

in Earnings

 

Foreign currency forward contracts

 

$

(2,256)

 

$

(1,001)

 

$

 

Commodity futures contracts

 

 

(881)

 

 

(294)

 

 

 

Total

 

$

(3,137)

 

$

(1,295)

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For Year Ended December 31, 2013

 

 

    

 

 

    

 

 

    

Gain (Loss)

 

 

 

 

 

 

Gain (Loss)

 

on Amount Excluded

 

 

 

Gain (Loss)

 

Reclassified from

 

from Effectiveness

 

 

 

Recognized

 

Accumulated OCI

 

Testing Recognized

 

 

 

in OCI

 

into Earnings

 

in Earnings

 

Foreign currency forward contracts

 

$

(1,144)

 

$

(460)

 

$

 —

 

Commodity futures contracts

 

 

(963)

 

 

(986)

 

 

 —

 

Total

 

$

(2,107)

 

$

(1,446)

 

$

 —