Derivative Instruments and Hedging Activities (Tables)

9 Months Ended

Sep. 30, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivatives not designated as hedging instruments

The (gains) losses recognized for the three and nine months ended September 30, are as follows (in thousands):

	Three Months Ended   September 30,					Nine Months Ended   September 30,
Derivatives not designated as hedging instruments	2014			2013		2014			2013
Commodity options	$	(153	)	$	—	$	119		$	—
Foreign exchange forwards	(237		)	—		(237		)	—
Foreign exchange options (1)	(303		)	—		(303		)	—
Total non-designated derivative realized (gain) loss, net	$	(693	)	$	—	$	(421	)	$	—

Fair value of derivatives

Summary of Derivatives

Derivatives consist of the following (in thousands):

		September 30, 2014		December 31, 2013
Derivatives designated as hedging instruments	Classification	Fair Value		Fair Value
Foreign exchange forward	Other current assets	$	82	$	—
	Total assets	$	82	$	—
Derivatives not designated as hedging instruments
Commodity options	Other current assets	$	941	$	—
Commodity options	Other assets	582		—
Foreign exchange forwards	Other current assets	165		—
Foreign exchange options	Other current assets	786		—
Foreign exchange options	Other assets	684		—
	Total assets	$	3,158	$	—