Fair Value Information and Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2014

Fair Value Information and Derivative Financial Instruments [Abstract]

Summary of fair value information and derivative financial instruments

The following table summarizes the financial instruments measured at fair value in the Consolidated Balance Sheet as of December 31, 2014:

			Fair Value Measurements
(Thousands)	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Other Significant Unobservable Inputs (Level 3)
Financial Assets
Directors’ deferred compensation investments	$	396	$	396	$	—	$	—
Foreign currency forward contracts	3,456		—		3,456		—
Total	$	3,852	$	396	$	3,456	$	—
Financial Liabilities
Directors’ deferred compensation liability	$	396	$	396	$	—	$	—
Total	$	396	$	396	$	—	$	—

Summary of the notional amount and the fair value of the Company's outstanding derivatives

The following table summarizes the notional amount and the fair value of the Company’s outstanding derivatives and balance sheet classification as of December 31, 2014 and 2013:

	December 31, 2014				December 31, 2013
(Thousands)	Notional Amount		Fair Value		Notional Amount		Fair Value
Prepaid expenses
Foreign currency forward contracts - yen	$	6,835	$	773	$	4,951	$	292
Foreign currency forward contracts - euro	33,215		2,683		—		—
Precious metal forward contracts	—		—		5,663		11
Total	40,050		3,456		10,614		303
Other liabilities and accrued items
Foreign currency forward contracts - euro	—		—		25,112		(364		)
Precious metal swaps	—		—		4,511		(30		)
Total	—		—		29,623		(394		)
Other long-term liabilities
Foreign currency forward contracts - euro	—		—		952		(15		)
Total	$	40,050	$	3,456	$	41,189	$	(106	)