Derivative Instruments and Hedging Activities (Tables)

9 Months Ended

Sep. 30, 2016

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	2016		2015			2016			2015
Commodity options	$	—	$	37		$	—		$	392
Foreign exchange forwards	—		114			(14		)	208
Foreign exchange options	—		(2,643		)	—			(5,460		)
Total non-designated derivative realized (gain) loss, net	$	—	$	(2,492	)	$	(14	)	$	(4,860	)

Fair value of derivatives

Summary of Derivatives

Derivatives consist of the following (in thousands):

		September 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	Other current assets	$	1	$	—
Foreign exchange forwards	Accrued expenses	$	—	$	14