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Derivative Instruments And Hedging Strategies (Tables)
 12 Months Ended
Dec. 31, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair Values Of Derivative Instruments
The fair values of the Company’s derivative instruments as of December 31 were as follows (in thousands):
 
 
2013
 
2012
 
 
Derivative
Asset
 
Derivative
Liability
 
Derivative
Asset
 
Derivative
Liability
Derivatives not designated as hedging instruments:
 
 
 
 
 
 
 
 
Options on equities and equity indices
 
$
224

 
$
7

 
$
351

 
$
1

Forward currency exchange, option and future contracts
 
349

 
213

 
11

 
160

Interest rate swap agreements
 
—

 
1,615

 
—

 
5,884

Commodity swap, option and future contracts:
 
 
 
 
 
 
 
 
Exchange traded
 
185

 
1,504

 
2,826

 
736

Non-exchange traded
 
5,499

 
—

 
4,348

 
199

 
 
$
6,257

 
$
3,339

 
$
7,536

 
$
6,980
Recognized Gains (Losses) On Derivative Instruments Designated As Cash Flow Hedges
The Company recognized gains (losses) on derivative instruments designated as cash flow hedges for the years December 31 as follows (in thousands):
 
 
Other comprehensive income (loss)
 
 
2013
 
2012
 
2011
Interest rate swap agreements, effective portion
 
$
109

 
$
(1,710
)
 
$
(4,532
)
Reclassification of derivative losses to interest expense or equity in earnings (losses) of 50% or less owned companies
 
622

 
2,724

 
3,632

Reclassification of net derivative losses on cash flow hedges to derivative losses, net upon dedesignation
 
—

 
3,272

 
—

 
 
$
731

 
$
4,286

 
$
(900
)
 
 
Derivative gains (losses), net
 
 
2013
 
2012
 
2011
Interest rate swap agreements, ineffective portion
 
$
—

 
$
(58
)
 
$
(46
)
Recognized Gains (Losses) On Derivative Instruments Not Designated As Hedging Instruments
Other Derivative Instruments. The Company recognized gains (losses) on derivative instruments not designated as hedging instruments for the years ended December 31 as follows (in thousands):
 
 
Derivative gains (losses), net
 
 
2013
 
2012
 
2011
Options on equities and equity indices
 
$
(5,270
)
 
$
(680
)
 
$
1,693

Forward currency exchange, option and future contracts
 
(451
)
 
837

 
(621
)
Interest rate swap agreements
 
(37
)
 
(3,778
)
 
(1,103
)
Commodity swap, option and future contracts:
 
 
 
 
 
 
Exchange traded
 
(3,915
)
 
(1,020
)
 
(2,008
)
Non-exchange traded
 
1,350

 
1,887

 
331

U.S. treasury notes, rate locks and bond future and option contracts
 
—

 
—

 
(28,301
)
 
 
$
(8,323
)
 
$
(2,754
)
 
$
(30,009
)