Derivative Instruments and Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivatives not designated as hedging instruments

The (gains) losses recognized for the three months ended March 31, are as follows (in thousands):

	Three Months Ended   March 31,
Derivatives not designated as hedging instruments	2016		2015
Commodity options	$	—	$	429
Foreign currency forwards	71		—
Foreign currency options	—		(4,169		)
Total non-designated derivative realized loss (gain), net	$	71	$	(3,740	)

Fair value of derivatives

Summary of Derivatives

Derivatives consist of the following (in thousands):

		March 31, 2016		December 31, 2015
Derivatives not designated as hedging instruments	Classification	Fair Value		Fair Value
Foreign exchange options	Other current assets	—		1,792
Foreign exchange forwards	Accrued expenses	$	85	$	14