Derivatives (Tables)

9 Months Ended

Sep. 30, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

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:

	Derivative Assets					Derivative Liabilities
		Fair Value					Fair Value
	Balance Sheet Location	September 30, 2019		December 31, 2018		Balance Sheet Location	September 30, 2019			December 31, 2018
Derivatives designated as hedging instruments:
Interest rate contracts	Other assets	$	—	$	1,412	Other liabilities	$	(1,011	)	$	—
Foreign exchange contracts	Prepaid expenses and other current assets	—		—		Accrued liabilities	(402		)	(258		)
Total derivatives designated as hedging instruments		—		1,412			(1,413		)	(258		)
Derivatives not designated as hedging instruments:
Foreign exchange contracts	Prepaid expenses and other current assets	25		1,105		Accrued liabilities	(227		)	(90		)
Total derivatives not designated as hedging instruments		25		1,105			(227		)	(90		)
Total derivatives		$	25	$	2,517		$	(1,640	)	$	(348	)

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

three and nine month periods ended September 30, 2019 and 2018:

	Amount of Gain (Loss) Recognized in Accumulated Other Comprehensive Income (Loss) on Derivative											Location of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income (Loss) into Income	Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income (Loss) into Income
	Three Months Ended September 30,					Nine Months Ended September 30,							Three Months Ended September 30,						Nine Months Ended September 30,
Derivatives in Hedging Relationships	2019			2018		2019			2018				2019			2018			2019			2018
Derivatives in Cash Flow Hedging Relationships:
Interest rate contracts	$	(178	)	$	378	$	(1,846	)	$	2,064		Interest expense	$	86		$	40		$	367		$	(374	)
Foreign exchange contracts	10			697		(114		)	(178		)	Net sales	(199		)	(326		)	(788		)	(859		)
Total	$	(168	)	$	1,075	$	(1,960	)	$	1,886			$	(113	)	$	(286	)	$	(421	)	$	(1,233	)

Schedule of Fair Value Hedging Instruments, Statements of Financial Performance and Financial Position, Location

The following table sets forth the effect of hedge accounting on the consolidated statements of income for the three-month periods ended September 30, 2019 and 2018:

	Location and Amount of Gain (Loss) Recognized in Income on Hedging Relationships
	Three Months Ended September 30,
	2019					2018
	Net sales			Interest expense		Net sales		Interest expense
Total amounts of income and expense line items presented in the consolidated statements of income in which the effects of hedges are recorded	$	372,587		$	5,344	$	369,797	$	4,054
The effects of hedging:
Gain (Loss) on cash flow hedging relationships
Interest rate contracts
Amount of gain (loss) reclassified from accumulated other comprehensive income (loss) into income				86				40
Foreign exchange contracts
Amount of gain (loss) reclassified from accumulated other comprehensive income (loss) into income	(199		)					(326		)

The following table sets forth the effect of hedge accounting on the consolidated statements of income for the nine-month periods ended September 30, 2019 and 2018:

	Location and Amount of Gain (Loss) Recognized in Income on Hedging Relationships
	Nine Months Ended September 30,
	2019					2018
	Net sales			Interest expense		Net sales		Interest expense
Total amounts of income and expense line items presented in the consolidated statements of income in which the effects of hedges are recorded	$	1,120,947		$	15,856	$	1,111,772	$	12,078
The effects of hedging:
Gain (Loss) on cash flow hedging relationships
Interest rate contracts
Amount of gain (loss) reclassified from accumulated other comprehensive income (loss) into income				367				(374		)
Foreign exchange contracts
Amount of gain (loss) reclassified from accumulated other comprehensive income (loss) into income	(788		)					(859		)

Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location

The following table sets forth the effect of derivatives not designated as hedging instruments on the consolidated statements of income for the three and nine-month periods ended September 30, 2019 and 2018:

	Location of Gain (Loss) Recognized in Income on Derivative	Amount of Gain (Loss) Recognized in Income on Derivative(A)
		Three Months Ended September 30,					Nine Months Ended September 30,
Derivatives Not Designated as Hedging Instruments		2019			2018		2019			2018
Foreign exchange contracts	Other expense (income), net	$	(11,662	)	$	1,380	$	(15,182	)	$	(6,218	)

(A) Such amounts were substantially offset by the net (gain) loss recorded on the underlying hedged asset or liability, also recorded in other expense (income), net.