Financial Instruments Measured at Fair Value (Tables)

12 Months Ended

Dec. 31, 2019

Fair Value Disclosures

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

The following table presents assets (liabilities) measured at fair value on a recurring basis at December 31, 2019:

	Balance Sheet Location	Level 1		Level 2			Level 3		Total
Cash equivalents (a)	Cash and cash equivalents / other assets	$	18,579	$	—		$	—	$	18,579
Equity investments (b)	Other assets	44,677		—			—		44,677
Interest rate swaps	Other liabilities	—		(11,574		)	—		(11,574		)
Foreign exchange contracts	Other current assets/other assets	—		24,092			—		24,092
Foreign exchange contracts	Accrued expenses	—		(2,132		)	—		(2,132		)
		$	63,256	$	10,386		$	—	$	73,642

The following table presents assets (liabilities) measured at fair value on a recurring basis at December 31, 2018:

	Balance Sheet Location	Level 1		Level 2			Level 3		Total
Cash equivalents (a)	Cash and cash equivalents / other assets	$	22,883	$	—		$	—	$	22,883
Equity investments (b)	Other assets	38,045		—			—		38,045
Interest rate swaps	Other liabilities	—		(589		)	—		(589		)
Foreign exchange contracts	Other current assets	—		4,163			—		4,163
Foreign exchange contracts	Accrued expenses	—		(2,384		)	—		(2,384		)
		$	60,928	$	1,190		$	—	$	62,118

(a) Cash equivalents include highly liquid investments with an original maturity of less than three months.

(b)

The company has an 8.4% equity ownership interest in Marubun Corporation and a portfolio of mutual funds with quoted market prices. During 2019, 2018, and 2017 the company recorded unrealized gains (losses) of $4,204, $(13,854), and $14,596, respectively, on equity securities held at the end of each year.

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Text Block]

The effects of derivative instruments on the company's consolidated statements of operations and other comprehensive income are as follows for the years ended December 31:

	2019			2018			2017
Gain (loss) recognized in income
Foreign exchange contracts	$	12,171		$	6,940		$	(20,877	)
Interest rate swaps	(1,298		)	(1,236		)	(831		)
Total	$	10,873		$	5,704		$	(21,708	)
Gain (loss) recognized in other comprehensive income (loss) before reclassifications, net of tax
Foreign exchange contracts	$	16,985		$	(409	)	$	(2,022	)
Interest rate swaps	(8,767		)	—			(4,672		)
Total	$	8,218		$	(409	)	$	(6,694	)

Interest Rate Swap [Member] | Designated as Hedging Instrument [Member]

Fair Value Disclosures

Description of Types of Interest Rate Fair Value Hedging Instruments Used

As of December 31, 2019 and 2018, the company had one outstanding interest rate swap designated as a fair value hedge, the terms of which are as follows:

Maturity Date	Notional Amount	Interest Rate due from Counterparty	Interest Rate due to Counterparty
April 2020	50,000	6.000%	6 mo. USD LIBOR + 3.896%

Foreign Exchange Contract [Member] | Designated as Hedging Instrument [Member]

Fair Value Disclosures

Description of Types of Interest Rate Fair Value Hedging Instruments Used

During the first quarter of 2019, the company entered into a series of foreign exchange contracts to sell Euro and buy United States Dollars, with various maturity dates as noted in the table below:

Maturity Date	Notional Amount
March 2023	EUR 50,000
September 2024	EUR 50,000
April 2025	EUR 100,000
January 2028	EUR 100,000
Total	EUR 300,000