Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2020

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 Consolidated Balance Sheets:

Assets/(liabilities)	December 31, 2020		December 31, 2019
Designated as hedging instruments:
Gross amounts recognized	$	(13,238)	$	(3,208)
Gross amounts offset	—		149
Net amounts	$	(13,238)	$	(3,059)
Not designated as hedging instruments:
Gross amounts recognized	$	(1,156)	$	(1,118)
Gross amounts offset	148		76
Net amounts	$	(1,008)	$	(1,042)
Net amounts presented:
Accrued liabilities	$	(8,591)	$	(2,420)
Other long-term liabilities	(5,655)		(1,681)

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 Consolidated Statements of Income:

	Twelve Months Ended December 31,
	2020		2019		2018
Amount of (Loss) Gain Recognized in Other Comprehensive (Loss) Income on Derivatives	$	(9,073)	$	(2,612)	$	5,040
Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income (Loss) into Income
Net sales	$	892	$	988	$	1,453
Interest expense	(124)		(123)		(134)
Other non-operating income (expense)	(1,412)		276		1,093
	$	(644)	$	1,141	$	2,412

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

	Twelve Months Ended December 31,
	2020		2019		2018
Other non-operating (expense) income	$	(1,777)	$	(2,674)	$	602

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 December 31, 2020 and December 31, 2019:

	December 31, 2020
	Total Liabilities		Quoted Prices in Active Markets for Identical Assets Level (1)		Significant Other Observable Inputs Level (2)		Significant Unobservable Inputs Level (3)
Foreign Currency Derivatives	$	(5,644)	$	—	$	(5,644)	$	—
Interest Rate Swaps	(8,602)		—		(8,602)		—
Stock-based Liabilities	(18,712)		(18,712)		—		—

	December 31, 2019
	Total Liabilities		Quoted Prices in Active Markets for Identical Assets Level (1)		Significant Other Observable Inputs Level (2)		Significant Unobservable Inputs Level (3)
Foreign Currency Derivatives	$	(3,069)	$	—	$	(3,069)	$	—
Interest Rate Swaps	(1,032)		—		(1,032)		—
Stock-based Liabilities	(14,971)		(14,971)		—		—