Financial Derivatives and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2016

Fair Value Measurements

The following table summarizes the fair values of derivative instruments as of December 31 for the year indicated and the line items in the accompanying consolidated balance sheets where the instruments are recorded:

	December 31				December 31
In thousands		2016		2015		2016		2015
	Prepaid Expenses and Other				Other Current
Balance sheet caption	Current Assets				Liabilities
Designated as hedging:
Forward foreign currency exchange contracts	$	2,625	$	955	$	1,493	$	1,545
Not designated as hedging:
Forward foreign currency exchange contracts	$	60	$	68	$	104	$	49

Income or (Loss) from Derivative Instruments Recognized in Results of Operations

The following table summarizes the amount of income or loss from derivative instruments recognized in our results of operations for the periods indicated and the line items in the accompanying consolidated statements of income where the results are recorded:

	Year ended December 31
In thousands	2016			2015			2014
Designated as hedging:
Forward foreign currency exchange contracts:
Effective portion – cost of products sold	$	(551	)	$	5,752		$	(655	)
Ineffective portion – other – net		(166	)		(152	)		184
Not designated as hedging:
Forward foreign currency exchange contracts:
Other – net	$	806		$	599		$	1,599

Fair Value Amounts Recorded as Component of Accumulated Other Comprehensive Income

A rollforward of fair value amounts recorded as a component of accumulated other comprehensive income is as follows:

In thousands	2016			2015
Balance at January 1,	$	(178	)	$	3,282
Deferred (losses) gains on cash flow hedges		1,509			2,292
Reclassified to earnings		551			(5,752	)
Balance at December 31,	$	1,882		$	(178	)

Designated as Hedging [Member]

Outstanding Derivatives Used to Hedge Foreign Exchange Risks

We had the following outstanding derivatives that were used to hedge foreign exchange risks associated with forecasted transactions and designated as hedging instruments:

	December 31
In thousands		2016	2015
Derivative
Sell/Buy - sell notional
Euro / British Pound		10,373	10,527

Sell/Buy - buy notional
Euro / Philippine Peso		699,279	758,634
British Pound / Philippine Peso		557,025	542,063
Euro / U.S. Dollar		43,951	51,433
U.S. Dollar / Canadian Dollar		35,290	34,649
U.S. Dollar / Euro		15,379	—

Not Designated as Hedging [Member]

Outstanding Derivatives Used to Hedge Foreign Exchange Risks

	December 31
In thousands		2016	2015
Derivative
Sell/Buy - sell notional
U.S. Dollar / Euro		—	—
U.S. Dollar / British Pound		10,500	10,000
Euro / British Pound		—	—
British Pound / Euro		2,500	3,500

Sell/Buy - buy notional
Euro / U.S. Dollar		3,500	12,500
British Pound / Euro		18,500	13,500