DERIVATIVES (Tables)

9 Months Ended

Sep. 30, 2015

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, 2015				December 31, 2014
Derivatives by hedge designation	Other Current Assets		Other Current Liabilities		Other Current Assets		Other Current Liabilities
Designated as hedging instruments:
Foreign exchange contracts	$	218	$	938	$	468	$	935
Net investment contracts	—		—		1,091		469
Not designated as hedging instruments:
Foreign exchange contracts	907		1,739		482		3,638
Commodity contracts	19		7		47		69
Total derivatives	$	1,144	$	2,684	$	2,088	$	5,111

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 Operations for the three and nine month periods ended September 30, 2015 and 2014 consisted of the following:

		Three Months Ended September 30,						Nine Months Ended September 30,
Derivatives by hedge designation	Classification of gain (loss)	2015			2014			2015			2014
Not designated as hedges:
Foreign exchange contracts	Selling, general & administrative expenses	$	(7,993	)	$	(4,746	)	$	(15,085	)	$	(3,448	)
Commodity contracts	Cost of goods sold	182			1,024			232			523

Schedule of effects of designated 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 Operations consisted of the following:

Total gain (loss) recognized in AOCI, net of tax	September 30, 2015			December 31, 2014
Foreign exchange contracts	$	(675	)	$	(9	)
Net investment contracts	977			—

The Company expects a loss of $675 related to existing contracts to be reclassified from AOCI, net of tax, to earnings over the next 12 months as the hedged transactions are realized. 

		Three Months Ended September 30,						Nine Months Ended September 30,
Derivative type	Gain (loss) reclassified from AOCI to:	2015			2014			2015			2014
Foreign exchange contracts	Sales	$	(279	)	$	(23	)	$	(800	)	$	27
	Cost of goods sold	120			(61		)	733			175