Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2019

Fair Value Disclosures [Abstract]

Fair Value of Gross Position of Derivative Contracts in Consolidated Balance Sheets

The following table presents the location and amounts of derivative instrument fair values in the Condensed Consolidated Balance Sheets:

Assets/(liabilities)	September 30, 2019			December 31, 2018
Designated as hedging instruments:
Gross amounts recognized	$	(3,673	)	$	(1,524	)
Gross amounts offset	477			2,237
Net amounts	(3,196		)	713
Not designated as hedging instruments:
Gross amounts recognized	$	(177	)	$	(544	)
Gross amounts offset	269			201
Net amounts	92			(343		)
Net amounts presented:
Other current assets	$	(257	)	$	1,750
Other long-term liabilities	$	(2,847	)	$	(1,380	)

Gains and Losses on Derivative Instruments in Consolidated Statements of Income

The following table presents the location and amount of gains and losses on derivative instruments designated as cash flow hedges in the Condensed Consolidated Statements of Income.

	Three Months Ended September 30,						Nine Months Ended September 30,
	2019			2018			2019			2018
Amount of (Loss) Gain Recognized in Other Comprehensive Income on Derivatives	$	(1,164	)	$	45		$	(2,714	)	$	2,753
Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income
Net sales	$	143		$	1,089		$	998		$	871
Interest expense	(30		)	(32		)	(94		)	(103		)
Other non-operating income	775			735			775			1,122
	$	888		$	1,792		$	1,679		$	1,890

The following table presents the location and amount of gains and losses on foreign exchange contract derivatives not designated as hedging instruments in the Condensed Consolidated Statements of Income.

	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
Other non-operating expense	$	2,120	$	741	$	1,490	$	784

Schedule of Fair Value Hierarchy for those Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following table presents the Company’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of September 30, 2019 and December 31, 2018:

	September 30, 2019
	Total Assets (Liabilities)			Quoted Prices in Active Markets for Identical Assets Level (1)			Significant Other Observable Inputs Level (2)			Significant Unobservable Inputs Level (3)
Foreign Currency Derivative	$	(444	)	$	—		$	(444	)	$	—
Interest Rate Swaps	(2,660		)	—			(2,660		)	—
Stock-based Liabilities	$	(13,570	)	$	(13,570	)	$	—		$	—

	December 31, 2018
	Total Assets (Liabilities)			Quoted Prices in Active Markets for Identical Assets Level (1)			Significant Other Observable Inputs Level (2)		Significant Unobservable Inputs Level (3)
Foreign Currency Derivative	$	370		$	—		$	370	$	—
Stock-based Liabilities	(14,644		)	(14,644		)	—		—