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Derivatives and Hedging (Tables)
 3 Months Ended
Mar. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of Fair Value of Derivative Instruments by Contract Type and Location of Asset and/or Liability on Consolidated Condensed Balance Sheets
The following table summarizes the fair value of the Company's foreign currency forward contracts as well as the location of the asset and/or liability on the consolidated condensed balance sheets at March 31, 2017 and December 31, 2016 (in thousands):
 
Asset Derivatives
March 31, 2017
 
December 31, 2016
Balance Sheet Location
 
Fair Value
 
Balance Sheet Location
 
Fair Value
Derivatives designated as cash flow hedging instruments:
 
 
 
 
 
 
 
Foreign currency forward contracts
Other current assets
 
$
946

 
Other current assets
 
$
2,660

 
 
 
 
 
 
 
 
Derivatives not designated as hedging instruments:
 
 
 
 
 
 
 
Foreign currency forward contracts
Other current assets
 
$
288

 
Other current assets
 
$
864

 
Liability Derivatives
March 31, 2017
 
December 31, 2016
Balance Sheet Location
 
Fair Value
 
Balance Sheet Location
 
Fair Value
Derivatives designated as cash flow hedging instruments:
 
 
 
 
 
 
 
Foreign currency forward contracts
Accounts payable and
accrued expenses
 
$
1,478

 
Accounts payable and
accrued expenses
 
$
28

 
 
 
 
 
 
 
 
Derivatives not designated as hedging instruments:
 
 
 
 
 
 
 
Foreign currency forward contracts
Accounts payable and
accrued expenses
 
$
3,500

 
Accounts payable and
accrued expenses
 
$
57
Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location
The following tables summarize the net effect of all cash flow hedges on the consolidated condensed financial statements for the three months ended March 31, 2017 (in thousands):
 
 
Loss Recognized in Other Comprehensive Income
(Effective Portion)
 
 
Three Months Ended 
 March 31,
Derivatives designated as cash flow hedging instruments
 
2017
 
2016
Foreign currency forward contracts
 
$
(2,254
)
 
$
(1,671
)
 
 
Gain Reclassified from Other Comprehensive Income into Earnings
(Effective Portion)
 
 
Three Months Ended 
 March 31,
Derivatives designated as cash flow hedging instruments
 
2017
 
2016
Foreign currency forward contracts
 
$
902

 
$
214

 
 
 
 
 
Schedule of Accumulated Other Comprehensive Income (Loss)
The following table details the amounts reclassified from accumulated other comprehensive loss to cost of goods sold, as well as changes in foreign currency translation for the three months ended March 31, 2017. Amounts are in thousands.
Accumulated other comprehensive loss, December 31, 2016
 
$
(18,466
)
Change in fair value of derivative instruments
 
(2,254
)
Net gains reclassified from accumulated other comprehensive income to cost of goods sold
 
(902
)
Foreign currency translation adjustments
 
5,988

Accumulated other comprehensive loss, March 31, 2017, before tax
 
(15,634
)
Income tax expense related to items of other comprehensive income
 
434

Less: Comprehensive income attributable to non-controlling interest
 
(269
)
Accumulated other comprehensive loss, March 31, 2017, after tax and non-controlling interest
 
$
(15,469
)
Location of Gains in Consolidated Condensed Statements of Operations that were Recognized and Derivative Contract Type
The following table summarizes the location of net gains and losses in the consolidated condensed statements of operations that were recognized during the three months ended March 31, 2017 and 2016, respectively (in thousands):
  
 
Location of Net Loss Recognized in Income on Derivative Instruments
 
Amount of Net Loss Recognized in Income on 
Derivative Instruments
Derivatives not designated as hedging instruments
 
Three Months Ended 
 March 31,
 
2017
 
2016
Foreign currency forward contracts
 
Other income (expense), net
 
$
(5,175
)
 
$
(6,312
)