Derivatives (Tables)

6 Months Ended

Jun. 30, 2017

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):

	June 30, 2017				December 31, 2016
Derivative contract	Assets		Liabilities		Assets		Liabilities
Futures	$	—	$	1,734	$	—	$	512
Interest rate swaps		227		—		202		—
Foreign exchange swaps		2,816		3,964		2,946		977
Foreign exchange/commodities options		—		1,588		244		41
Forwards		169		65		35		36
Total	$	3,212	$	7,351	$	3,427	$	1,566

Summary of Gains and Losses on Derivative Contracts

The table below summarizes gains and losses on derivative contracts for the three and six months ended June 30, 2017 and 2016 (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
Derivative contract	2017		2016		2017		2016
Futures	$	1,749	$	566	$	3,698	$	1,298
Interest rate swaps		3		9		31		13
Foreign exchange swaps		342		137		969		257
Foreign exchange/commodities options		3,025		3,281		6,628		6,410
Forwards		—		—		—		152
Equity options		—		3,317		—		3,761
Gain	$	5,119	$	7,310	$	11,326	$	11,891