Quarterly report pursuant to Section 13 or 15(d)

Derivative Financial Instruments - (Tables)

v3.5.0.2
Derivative Financial Instruments - (Tables)
6 Months Ended
Jun. 30, 2016
Derivative Financial Instruments [Abstract]  
Schedule Of Contracts Designated And Not Designated As Hedged Instruments





 

 

 

 



 

June 30, 2016



 

Notional

 

Latest



 

Amount

 

Maturity



 

 

 

 

Foreign exchange contracts – Canadian Dollars

 

8,955

 

August 2017







 

 

 

 



 

December 31, 2015



 

Notional

 

Latest



 

Amount

 

Maturity



 

 

 

 

Foreign exchange contracts – Canadian Dollars

 

1,302

 

February 2016

Foreign exchange contracts – British Pounds

 

2,047

 

February 2017

Foreign exchange contracts – Euros

 

13,295

 

February 2017

Foreign exchange contracts – Swiss Francs

 

17,738

 

February 2017





For contracts that qualify as effective hedge instruments, the effective portion of gains and losses resulting from changes in fair value of the instruments are included in accumulated other comprehensive loss and reclassified to sales in the period the underlying hedged transaction is recognized in earnings.  Gains (losses) of $(202) and $997 were reclassified to sales during the three months ended June 30, 2016 and 2015, respectively, and $(343) and $2,596 were reclassified to sales during the six months ended June 30, 2016 and 2015, respectively.  Gains of $61 and $168 were reclassified to discontinued operations, net of tax, during the three and six months ended June 30, 2015, respectively.



The Company held the following contracts not designated as hedged instruments as of June 30, 2016.  There were no derivative contracts not designated as hedged instruments as of December 31, 2015.







 

 

 

 



 

June 30, 2016



 

Notional

 

Latest



 

Amount

 

Maturity



 

 

 

 

Foreign exchange contracts – British Pounds

 

1,104

 

February 2017

Foreign exchange contracts – Euros

 

8,678

 

February 2017

Foreign exchange contracts – Swiss Francs

 

10,993

 

February 2017



Schedule Of Derivative Instruments Fair Value And Balance Sheet Classification



 

 

 

 

 

 

 

 



 

Classification

 

June 30, 2016

 

December 31, 2015



 

 

 

 

 

 

 

 

Derivative instruments in asset positions:

 

 

 

 

 

 

 

 

Forward exchange contracts

 

Prepaid and other current assets

 

$

235 

 

$

893 

Forward exchange contracts

 

Other long-term assets

 

$

 

$

12 



 

 

 

 

 

 

 

 

Derivative instruments in liability positions:

 

 

 

 

 

 

 

 

Forward exchange contracts

 

Accounts payable and accrued liabilities

 

$

583 

 

$

 -

Forward exchange contracts

 

Other long-term liabilities

 

$

 -

 

$

25