DERIVATIVES (Tables)

12 Months Ended

Dec. 31, 2019

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, 2019								December 31, 2018
Derivatives by hedge designation	Other Current Assets		Other Current Liabilities		Other Assets		Other Liabilities		Other Current Assets		Other Current Liabilities		Other Assets		Other Liabilities
Designated as hedging instruments:
Foreign exchange contracts	$	1,288	$	522	$	—	$	—	$	647	$	404	$	—	$	—
Interest rate swap agreements	—		—		2,964		—		—		—		302		7,033
Cross currency swap agreements	—		—		—		653		—		—		—		—
Not designated as hedging instruments:
Foreign exchange contracts	2,397		973		—		—		6,375		829		—		—
Total derivatives	$	3,685	$	1,495	$	2,964	$	653	$	7,022	$	1,233	$	302	$	7,033

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 consisted of the following:

		Year Ended December 31,
Derivatives by hedge designation	Classification of gains	2019		2018
Not designated as hedges:
Foreign exchange contracts	Selling, general & administrative expenses	$	13,154	$	7,452

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 consisted of the following:

	December 31,
Total gain (loss) recognized in AOCI, net of tax	2019		2018
Foreign exchange contracts	$	620	$	173
Net investment hedges	1,006		1,521

The Company expects a gain of $620 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:	2019		2018
Foreign exchange contracts	Net sales	$	975	$	(225	)
	Cost of goods sold	454		(3		)