DERIVATIVES (Tables)

12 Months Ended

Dec. 31, 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:

	December 31, 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	$	178	$	731	$	468	$	935
Net investment contracts	—		—		1,091		469
Not designated as hedging instruments:
Foreign exchange contracts	625		2,303		482		3,638
Commodity contracts	40		8		47		69
Total derivatives	$	843	$	3,042	$	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 Income for the years ended December 31, 2015 and 2014 consisted of the following:

		Year Ended December 31,
Derivatives by hedge designation	Classification of gains (losses)	2015		2014
Not designated as hedges:
Foreign exchange contracts	Selling, general & administrative expenses	$	18,875	$	(10,427	)
Commodity contracts	Cost of goods sold	440		702

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

The effects of designated cash flow hedges on AOCI and the Company's Consolidated Statements of Income for the years ended December 31, 2015 and 2014 consisted of the following:

	December 31,
Total gain (loss) recognized in AOCI, net of tax	2015			2014
Foreign exchange contracts	$	(551	)	$	(9	)
Net investment contracts	$	1,099		$	—

The Company expects a loss of $551 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.

		Year Ended December 31,
Derivative type	Gain (loss) reclassified from AOCI to:	2015			2014
Foreign exchange contracts	Sales	$	(1,191	)	$	(80	)
	Cost of goods sold	771			422