Derivatives (Tables)

6 Months Ended

Jun. 30, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The following table sets forth the fair value amounts of derivative instruments held by the Company:

	Derivative Assets					Derivative Liabilities
		Fair Value					Fair Value
	Balance Sheet Location	June 30, 2020		December 31, 2019		Balance Sheet Location	June 30, 2020			December 31, 2019
Derivatives designated as hedging instruments:
Interest rate contracts	Other assets	$	—	$	—	Other liabilities	$	(2,876	)	$	(820	)
Foreign exchange contracts	Prepaid expenses and other current assets	402		700		Accrued liabilities	—			—
Total derivatives designated as hedging instruments		402		700			(2,876		)	(820		)
Derivatives not designated as hedging instruments:
Foreign exchange contracts	Prepaid expenses and other current assets	84		1,375		Accrued liabilities	(485		)	(1		)
Total derivatives not designated as hedging instruments		84		1,375			(485		)	(1		)
Total derivatives		$	486	$	2,075		$	(3,361	)	$	(821	)

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)

three and six month periods ended June 30, 2020 and 2019:

	Amount of Gain (Loss) Recognized in Accumulated Other Comprehensive Income (Loss) on Derivative											Location of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income (Loss) into Income	Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income (Loss) into Income
	Three Months Ended June 30,					Six Months Ended June 30,							Three Months Ended June 30,						Six Months Ended June 30,
Derivatives in Hedging Relationships	2020		2019			2020			2019				2020			2019			2020			2019
Derivatives in Cash Flow Hedging Relationships:
Interest rate contracts	$	127	$	(1,182	)	$	(1,567	)	$	(1,670	)	Interest expense	$	(356	)	$	139		$	(417	)	$	281
Foreign exchange contracts	684		(43		)	41			(123		)	Net sales	74			(252		)	(449		)	(589		)
Total	$	811	$	(1,225	)	$	(1,526	)	$	(1,793	)		$	(282	)	$	(113	)	$	(866	)	$	(308	)

Schedule of Fair Value Hedging Instruments, Statements of Financial Performance and Financial Position, Location

The following table sets forth the effect of hedge accounting on the consolidated statements of income for the three-month periods ended June 30, 2020 and 2019:

	Location and Amount of Gain (Loss) Recognized in Income on Hedging Relationships
	Three Months Ended June 30,
	2020					2019
	Net sales		Interest expense			Net sales			Interest expense
Total amounts of income and expense line items presented in the consolidated statements of income in which the effects of hedges are recorded	$	235,537	$	3,898		$	371,669		$	5,399
The effects of hedging:
Gain (Loss) on cash flow hedging relationships
Interest rate contracts
Amount of gain (loss) reclassified from accumulated other comprehensive income (loss) into income			(356		)				139
Foreign exchange contracts
Amount of gain (loss) reclassified from accumulated other comprehensive income (loss) into income	74					(252		)

Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location

The following table sets forth the effect of derivatives not designated as hedging instruments on the consolidated statements of income for the three and six-month periods ended June 30, 2020 and 2019:

	Location of Gain (Loss) Recognized in Income on Derivative	Amount of Gain (Loss) Recognized in Income on Derivative(A)
		Three Months Ended June 30,				Six Months Ended June 30,
Derivatives Not Designated as Hedging Instruments		2020		2019		2020			2019
Foreign exchange contracts	Other expense (income), net	$	6,372	$	299	$	(5,822	)	$	(3,519	)