Derivative Instruments and Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2016

Derivative Instruments and Hedging Activities

Summary of the Company's outstanding derivative contracts and their effects on the Condensed Consolidated Statements of Financial Position

	March 31, 2016
	Notional
	Amounts		Assets		Liabilities
Derivatives designated as hedging instruments:
Foreign currency forward contracts	$	12,339	$	-	$	(1,350)
Commodity futures contracts		12,029		648		(79)
Total derivatives			$	648	$	(1,429)
	December 31, 2015
	Notional
	Amounts		Assets		Liabilities
Derivatives designated as hedging instruments:
Foreign currency forward contracts	$	15,668	$	-	$	(2,626)
Commodity futures contracts		13,202		484		(213)
Total derivatives			$	484	$	(2,839)
	March 31, 2015
	Notional
	Amounts		Assets		Liabilities
Derivatives designated as hedging instruments:
Foreign currency forward contracts	$	23,443	$	-	$	(3,328)
Commodity futures contracts		15,966		31		(1,740)
Total derivatives			$	31	$	(5,068)

Effects of derivative instruments on the Condensed Consolidated Statement of Earnings and Retained Earnings, and the Condensed Consolidated Statement of Comprehensive Earnings

	For Quarter Ended March 31, 2016
					Gain (Loss)
			Gain (Loss)		on Amount Excluded
	Gain(Loss)		Reclassified from		from Effectiveness
	Recognized		Accumulated OCI		Testing Recognized
	in OCI		into Earnings		in Earnings
Foreign currency forward contracts	$	670	$	(606)	$	-
Commodity futures contracts		291		(7)		-
Total	$	961	$	(613)	$	-
	For Quarter Ended March 31, 2015
					Gain (Loss)
			Gain (Loss)		on Amount Excluded
	Gain(Loss)		Reclassified from		from Effectiveness
	Recognized		Accumulated OCI		Testing Recognized
	in OCI		into Earnings		in Earnings
Foreign currency forward contracts	$	(1,903)	$	(513)	$	-
Commodity futures contracts		(1,134)		(162)		-
Total	$	(3,037)	$	(675)	$	-