Financial Derivatives and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2017

Fair Values of Derivative Instruments

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		2017		2016		2017		2016
	Prepaid Expenses and Other				Other Current
Balance sheet caption	Current Assets				Liabilities
Designated as    hedging:
Forward foreign    currency exchange    contracts	$	1,066	$	2,625	$	4,787	$	1,493
Not designated as    hedging:
Forward foreign    currency exchange    contracts	$	151	$	60	$	43	$	104

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	2017		2016			2015
Designated as    hedging:
Forward foreign    currency exchange    contracts:
Effective portion –    cost of products    sold	$	532	$	(551	)	$	5,752
Ineffective portion –    other – net		182		(166	)		(152	)
Not designated as    hedging:
Forward foreign    currency exchange    contracts:
Other – net	$	882	$	806		$	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	2017			2016
Balance at January 1,	$	1,882		$	(178	)
Deferred (losses) gains    on cash flow hedges		(6,990	)		1,509
Reclassified to earnings		(532	)		551
Balance at December 31,	$	(5,640	)	$	1,882

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		2017	2016
Derivative
Sell/Buy - sell notional
Philippine Peso / British Pound		19,047	—
Euro / British Pound		13,586	10,373
Euro / U.S. Dollar		1,048	—
U.S. Dollar / Euro		946	—
Sell/Buy - buy notional
Euro / Philippine Peso		890,096	699,279
British Pound / Philippine Peso		797,496	557,025
Euro / U.S. Dollar		60,519	43,951
U.S. Dollar / Canadian Dollar		32,265	35,290
British Pound / Euro		335	—
U.S. Dollar / Euro		4,253	15,379

Not Designated as Hedging [Member]

Outstanding Derivatives Used to Hedge Foreign Exchange Risks

	December 31
In thousands		2017	2016
Derivative
Sell/Buy -  sell notional
U.S. Dollar / Euro		—	—
U.S. Dollar / British Pound		17,500	10,500
Euro / British Pound		—	—
British Pound / Euro		1,000	2,500
Sell/Buy - buy notional
Euro / U.S. Dollar		4,500	3,500
British Pound / Euro		13,000	18,500