DERIVATIVES (Tables)

9 Months Ended

Sep. 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:

	September 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	$	411	$	435	$	352	$	325
Net investment contracts	—		2		—		—
Not designated as hedging instruments:
Foreign exchange contracts	959		1,282		510		902
Commodity contracts	289		57		731		—
Total derivatives	$	1,659	$	1,776	$	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 nine month periods ended September 30, 2013 and 2012 consisted of the following:

		Three Months Ended September 30,						Nine Months Ended September 30,
Derivatives by hedge designation	Classification of gain (loss)	2013			2012			2013		2012
Not designated as hedges:
Foreign exchange contracts	Selling, general & administrative expenses	$	3,186		$	1,547		$	194	$	2,308
Commodity contracts	Cost of goods sold	(556		)	(2,410		)	2,841		(2,504		)

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	September 30, 2013			December 31, 2012
Foreign exchange contracts	$	(79	)	$	80
Net investment contracts	12			—

		Three Months Ended September 30,				Nine Months Ended September 30,
Derivative type	Gain (loss) reclassified from AOCI to:	2013		2012		2013		2012
Foreign exchange contracts	Sales	$	165	$	127	$	467	$	591
	Cost of goods sold	304		35		453		88