Derivative Instruments and Hedging Activities (Tables)

6 Months Ended

Jun. 30, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivatives not designated as hedging instruments

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

	Three Months Ended   June 30,						Six Months Ended   June 30,
Derivatives not designated as hedging instruments	2016			2015			2016			2015
Commodity options	$	—		$	(74	)	$	—		$	355
Foreign exchange forwards	(85		)	94			(14		)	94
Foreign exchange options	—			1,352			—			(2,817		)
Total non-designated derivative realized (gain) loss, net	$	(85	)	$	1,372		$	(14	)	$	(2,368	)

Fair value of derivatives

Summary of Derivatives

Derivatives consist of the following (in thousands):

		June 30, 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	$	—	$	14