Derivatives (Tables)

12 Months Ended

Dec. 31, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments in Balance Sheet, Fair Value

The fair value of derivative instruments on our Consolidated Balance Sheets as of December 31, consisted of the following:



	2015				2014
	Fair Value Asset Derivatives		Fair Value Liability Derivatives		Fair Value Asset Derivatives		Fair Value Liability Derivatives
Derivatives designated as hedging instruments:
Foreign currency option contracts⁽¹⁾⁽²⁾	$	387	$	—	$	—	$	—
Foreign currency forward contracts⁽¹⁾	113		—		—		—
Derivatives not designated as hedging instruments:
Foreign currency forward contracts⁽¹⁾	$	171	$	7	$	130	$	—


⁽¹⁾	Contracts that mature within the next twelve months are included in Other Current Assets and Other Current Liabilities for asset derivatives and liabilities derivatives, respectively, on our Consolidated Balance Sheets.


⁽²⁾	Contracts with a maturity greater than twelve months are included in Other Assets and Other Liabilities for asset derivatives and liability derivatives, respectively, on our Consolidated Balance Sheets.

Schedule of Derivative Instruments, Gain (Loss)

The effect of foreign currency derivative instruments designated as cash flow hedges and foreign currency derivative instruments not designated as hedges in our Consolidated Statements of Earnings for the three years ended December 31 were as follows:



	2015					2014				2013
	Foreign Currency Option Contracts		Foreign Currency Forward Contracts			Foreign Currency Option Contracts		Foreign Currency Forward Contracts		Foreign Currency Option Contracts		Foreign Currency Forward Contracts
Derivatives in cash flow hedging relationships:
Net gain recognized in Other Comprehensive Loss, net of tax⁽¹⁾	$	31	$	77		$	—	$	—	$	—	$	—
Net gain reclassified from Accumulated Other Comprehensive Loss into earnings, net of tax⁽²⁾	—		5			—		—		—		—
Net gain (loss) recognized in earnings⁽³⁾	6		(2		)	—		—		—		—
Derivatives not designated as hedging instruments:
Net gain recognized in earnings⁽⁴⁾	$	—	$	4,047		$	—	$	2,384	$	—	$	1,068


⁽¹⁾	Net change in the fair value of the effective portion classified in Other Comprehensive Loss.


⁽²⁾	Effective portion classified as Net Sales.


⁽³⁾	Ineffective portion and amount excluded from effectiveness testing classified in Net Foreign Currency Transaction Losses.


⁽⁴⁾	Classified in Net Foreign Currency Transaction Losses.