DERIVATIVES (Tables)

6 Months Ended

Jun. 30, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of fair values of derivative instruments on the Company's Consolidated Balance Sheets

Fair values of derivative instruments in the Company’s Consolidated Balance Sheets follow:

	June 30, 2013				December 31, 2012
Derivatives by hedge designation	Other Current Assets		Other Current Liabilities		Other Current Assets		Other Current Liabilities
Designated as hedging instruments:
Foreign exchange contracts	$	1,125	$	460	$	352	$	325
Net investment contracts	8		—		—		—
Not designated as hedging instruments:
Foreign exchange contracts	1,091		4,382		510		902
Commodity contracts	638		49		731		—
Total derivatives	$	2,862	$	4,891	$	1,593	$	1,227

Schedule of effects of undesignated derivative instruments on the Company's Consolidated Statements of Income

The effects of undesignated derivative instruments on the Company’s Consolidated Statements of Income for the three and six month periods ended June 30, 2013 and 2012 consisted of the following:

		Three Months Ended June 30,					Six Months Ended June 30,
Derivatives by hedge designation	Classification of gain (loss)	2013			2012		2013			2012
Not designated as hedges:							0			3711
Foreign exchange contracts	Selling, general & administrative expenses	$	2,803		$	480	$	3,201		$	761
Commodity contracts	Cost of goods sold	(2,237		)	1,659		(3,397		)	(94		)

Schedule of effects of designated cash flow hedges on AOCI and the entity's Consolidated Statements of Income

The effects of designated hedges on AOCI and the Company’s Consolidated Statements of Income consisted of the following:

Total gain (loss) recognized in AOCI, net of tax	June 30, 2013		December 31, 2012
Foreign exchange contracts	$	659	$	80
Net investment contracts	8		—

		Three Months Ended June 30,						Six Months Ended June 30,
Derivative type	Gain (loss) reclassified from AOCI to:	2013			2012			2013			2012
Foreign exchange contracts	Sales	$	201		$	233		$	302		$	464
	Cost of goods sold	(212		)	(169		)	(793		)	53