Annual report pursuant to Section 13 and 15(d)

Derivative Financial Instruments (Tables)

v3.7.0.1
Derivative Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of the Fair Value of Derivative Assets and Liabilities
The following tables present amounts related to our derivatives designated as hedging instruments as of December 31, 2016 and December 31, 2015. The foreign exchange contracts outstanding are presented gross as we have not netted derivative assets with derivative liabilities:
 
 
December 31, 2016
 
 
Derivative Assets
 
Derivative Liabilities
 
 
Fair Value
 
Notional
 
Fair Value
 
Notional
Balance Sheet Location
 
 
 
 
 
 
 
 
Prepaid expenses and other current assets
 
$
0.8

 
$
31.7

 

 

Accounts payable and accrued expenses
 

 

 

 
$
1.5

 
 
December 31, 2015
 
 
Derivative Assets
 
Derivative Liabilities
 
 
Fair Value
 
Notional
 
Fair Value
 
Notional
Balance Sheet Location
 
 
 
 
 
 
 
 
Prepaid expenses and other current assets
 
$
3.2

 
$
29.7

 

 

Accounts payable and accrued expenses
 

 

 
$
0.3

 
$
5.2

Summary of Derivative Gain (Loss)
The following tables summarize the amount of (loss) gain recognized in Accumulated Other Comprehensive (Loss) Income ("AOCI") and the amounts reclassified from AOCI for the effective portion of foreign exchange contracts:
 
 
Years Ended December 31,
 
 
2016
 
2015
 
2014
Recognized in AOCI
 
 
 
 
 
 
Cost of goods sold
 
$
(0.2
)
 
$
(0.3
)
 
$
(0.4
)
Net sales
 
(0.3
)
 
4.7

 
2.4

Total
 
$
(0.5
)
 
$
4.4

 
$
2.0

 
 
 
 
 
 
 
 
 
Years Ended December 31,
 
 
2016
 
2015
 
2014
Reclassified from AOCI
 
 
 
 
 
 
Cost of goods sold
 
$
(0.3
)
 
$
(0.7
)
 
$
0.6

Net sales
 
1.8

 
4.5

 
3.1

Total
 
$
1.5

 
$
3.8

 
$
3.7