Derivatives and Hedging - (Tables)

6 Months Ended

Jun. 30, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of fair values of derivatives designated as hedging instruments under ASC 815

The fair values of derivatives designated as hedging instruments follows:

	Asset Derivatives					Liability Derivatives
(in thousands)	Balance Sheet Location	June 30, 2020		December 31, 2019		Balance Sheet Location	June 30, 2020		December 31, 2019
Foreign currency contracts	Other current assets	$	4,438	$	2,871	Other accrued liabilities	$	6,162	$	1,585
Commodity contracts	Other current assets	—		10		Other accrued liabilities	—		—
Foreign currency contracts	Other assets	1,657		3,757		Noncurrent liabilities	5,042		4,747
Total		$	6,095	$	6,638		$	11,204	$	6,332

Schedule of derivative instrument gain (loss)

The after-tax amount of gain (loss) recognized in OCI associated with derivative instruments designated as cash flow hedges follows:

	Three Months Ended June 30,		Six Months Ended June 30,
Cash Flow Hedges (in thousands)	2020	2019	2020		2019
Foreign currency contracts	1,143	1,629	(3,997	)	4,325
Commodity contracts	3	—	(108	)	—
	1,146	1,629	(4,105	)	4,325

Schedule of after-tax amount of gain (loss) recognized in OCI and reclassified from AOCI into earnings associated with derivative instruments designated as cash flow hedges

The after-tax amount of gain (loss) reclassified from AOCI into earnings associated with derivative instruments designated as cash flow hedges follows:

		Three Months Ended June 30,						Six Months Ended June 30,
Cash Flow Hedges (in thousands)	Location of Gain (Loss)	2020			2019			2020			2019
Foreign currency contracts	Cost of revenue	$	(88	)	$	(347	)	$	538		$	(846	)
Commodity contracts	Cost of revenue	(112		)	—			(100		)	—
Interest rate contracts	Interest expense	(419		)	(262		)	(838		)	(524		)
Total		$	(619	)	$	(609	)	$	(400	)	$	(1,370	)