Derivatives (Tables)

3 Months Ended

Mar. 31, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Gain (Loss) Recorded in Other Expense (Income), Net in Consolidated Statements of Income

The following table sets forth the [losses] recorded in other expense (income), net in the consolidated statements of income for the three-month periods ended March 31, 2015 and 2014 for non-designated derivatives held by the Company. Such amounts were substantially offset by [gains] recorded on the underlying hedged asset or liability, also recorded in other expense (income).

	Three months ended March 31,
	2015			2014
Foreign exchange contracts	$	(89	)	$	(747	)

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)

The following table sets forth the gain (loss), net of tax, recorded in accumulated other non-owner changes to equity for the three-month periods ended March 31, 2015 and 2014 for derivatives held by the Company and designated as hedging instruments.

	Three months ended March 31,
	2015			2014
Cash flow hedges:
Interest rate contracts	$	(232	)	$	71
Foreign exchange contracts	344			(98		)
	$	112		$	(27	)

Amounts related to the interest rate swaps included within accumulated other non-owner changes to equity that were reclassified to expense during the first three months of 2015 and 2014 resulted in a fixed rate of interest of 1.03% plus the borrowing spread for the first $100,000 of one-month LIBOR borrowings. The amounts reclassified for the foreign exchange contracts were not material in any period presented. Additionally, there were no amounts recognized in income for hedge ineffectiveness during the three-month periods ended March 31, 2015 and 2014.

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The following table sets forth the fair value amounts of derivative instruments held by the Company.

	March 31, 2015					December 31, 2014
	Asset Derivatives		Liability Derivatives			Asset Derivatives		Liability Derivatives
Derivatives designated as hedging instruments:
Interest rate contracts	$	—	$	(665	)	$	—	$	(295	)
Foreign exchange contracts	—		(212		)	—		(652		)
Derivatives not designated as hedging instruments:
Foreign exchange contracts	324		(652		)	460		(699		)
Total derivatives	$	324	$	(1,529	)	$	460	$	(1,646	)

Asset derivatives are recorded in prepaid expenses and other current assets in the accompanying consolidated balance sheets. Liability derivatives related to interest rate contracts and foreign exchange contracts are recorded in other liabilities and accrued liabilities, respectively, in the accompanying consolidated balance sheets.