Derivatives (Tables)

3 Months Ended

Mar. 31, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Value of Derivative Contracts

The fair value of derivative contracts, computed in accordance with the Company’s netting policy, is set forth below (in thousands):

	March 31, 2016				December 31, 2015
	Assets		Liabilities		Assets		Liabilities
Forwards	$	802	$	123	$	821	$	178
Foreign exchange swaps		429		2,623		883		375
Interest rate swaps		286		—		256		—
Foreign exchange/commodities options		—		229		—		537
Futures		958		—		39		44
Equity options		—		556		—		—
Total	$	2,475	$	3,531	$	1,999	$	1,134

Summary of Gains and Losses on Derivative Contracts

The table below summarizes gains and losses on derivative contracts for the three months ended March 31, 2016 and 2015 (in thousands):

	Three Months Ended March 31,
Derivative contract	2016		2015
Futures	$	732	$	1,629
Foreign exchange/commodities options		3,129		417
Interest rate swaps		4		(38	)
Foreign exchange swaps		120		(34	)
Forwards		152		467
Equity options		444		—
Gain (loss)	$	4,581	$	2,441