Derivative Instruments (Tables)

3 Months Ended

Mar. 31, 2013

Derivative Instruments

Schedule of the fair value of outstanding derivative contracts recorded as assets

		March 31,		December 31,
Asset Derivatives	Balance Sheet Locations	2013		2012
Derivatives designated as hedging instruments under ASC 815:
Foreign exchange contracts	Other current assets	$	1,045	$	545
Natural gas contracts	Other current assets	5		—
Foreign exchange contracts	Other assets	132		142
Total derivatives designated as hedging instruments under ASC 815		1,182		687
Derivatives not designated as hedging instruments under ASC 815:
Foreign exchange contracts	Other current assets	424		433
Total asset derivatives		$	1,606	$	1,120

Schedule of the fair value of outstanding derivative contracts recorded as liabilities

		March 31,		December 31,
Liability Derivatives	Balance Sheet Locations	2013		2012
Derivatives designated as hedging instruments under ASC 815:
Foreign exchange contracts	Accounts payable and accrued liabilities	$	58	$	191
Natural gas contracts	Accounts payable and accrued liabilities	83		360
Foreign exchange contracts	Accrued pension and other liabilities	9		61
Total derivatives designated as hedging instruments under ASC 815		150		612
Derivatives not designated as hedging Instruments under ASC 815:
Foreign exchange contracts	Accounts payable and accrued liabilities	40		34
Total liability derivatives		$	190	$	646

Schedule of gross and net amounts of derivative assets and liabilities

	March 31, 2013						December 31, 2012
	Fair Value of Assets			Fair Value of Liabilities			Fair Value of Assets			Fair Value of Liabilities
Gross derivative amounts recognized in the balance sheet	$	1,606		$	190		$	1,120		$	646
Gross derivative amounts not offset in the balance sheet that are eligible for offsetting
Derivatives — foreign currency contracts	(107		)	(107		)	(286		)	(286		)
Net amount	$	1,499		$	83		$	834		$	360

Schedule of changes in accumulated OCI relating to derivative assets and liabilities

	Three Months Ended
	March 31, 2013
Accumulated OCI derivative gain January 1, 2013	$	(75	)
Effective portion of changes in fair value	(1,032		)
Reclassifications from accumulated OCI derivative loss to earnings	(44		)
Foreign currency translation	87
Accumulated OCI derivative gain at March 31, 2013	$	(1,064	)

	Amount of (Gain) or Loss
	Recognized in OCI on Derivatives
	(Effective Portion)
	Three Months Ended
	March 31,
Derivatives in ASC 815 Cash Flow Hedging Relationships:	2013			2012
Foreign Exchange Contracts	$	(997	)	$	(210	)
Natural Gas Contracts	(35		)	433
Total	$	(1,032	)	$	223

		Amount of (Gain) or Loss
		Reclassified from Accumulated
		OCI in Income (Effective Portion) (1)
	Location of Gain or	Three Months Ended
Derivatives in ASC 815 Cash Flow	(Loss) Recognized in	March 31,
Hedging Relationships:	Income on Derivatives	2013			2012
Foreign Exchange Contracts	Cost of products sold (excluding depreciation)	$	170		$	20
Natural Gas Contracts	Cost of products sold (excluding depreciation)	(214		)	(457		)
Total		$	(44	)	$	(437	)

		Amount of (Gain) or Loss
		Recognized in Income on
		Derivatives (Ineffective
		Portion and Amount
		Excluded from
		Effectiveness Testing) (2)
	Location of (Gain) or	Three Months Ended
Derivatives in ASC 815 Cash Flow	Loss Recognized in	March 31,
Hedging Relationships:	Income on Derivatives	2013		2012
Foreign Exchange Contracts	Other expense — net	$	87	$	1
Natural Gas Contracts	Other expense — net	—		—
Total		$	87	$	1

(1)Assuming market rates remain constant with the rates at March 31, 2013, a gain of $0.9 million is expected to be recognized in earnings over the next 12 months.

(2)For the three months ended March 31, 2013 and 2012, the amount of loss recognized in income was all attributable to the ineffective portion of the hedging relationships.

Schedule of outstanding derivative contracts that were entered into to hedge forecasted transactions

	March 31,		December 31,
(in thousands except for mmbtu)	2013		2012
Natural gas contracts (mmbtu)	70,000		235,000
Foreign exchange contracts	$	41,920	$	42,399

Schedule of the fair value gains and losses on contracts recorded in earnings

		Amount of (Gain) or Loss
		Recognized in Income on
		Derivatives
	Location of (Gain) or	Three Months Ended
Derivatives Not Designated as	Loss Recognized in	March 31,
Hedging Instruments Under ASC 815:	Income on Derivatives	2013			2012
Foreign Exchange Contracts *	Other expense - net	$	(581	)	$	(705	)
Total		$	(581	)	$	(705	)

*As of March 31, 2013 and 2012, these foreign exchange contracts were entered into and settled during the respective periods.