provides information regarding the location and amounts of pretax gains or losses of derivatives (in thousands):



	Three Months Ended June 30,
	2018			2017
	Costs of revenue			Costs of revenue

Financial statement line items in which effects of cash flow hedges are recorded	$	248,313		$	216,225
Foreign exchange contracts
Amount of (loss) gain reclassified from accumulated other comprehensive income into income	(833		)	753



	Six Months Ended June 30,
	2018			2017
	Costs of revenue			Costs of revenue

Financial statement line items in which effects of cash flow hedges are recorded	$	482,870		$	420,055
Foreign exchange contracts
Amount of (loss) gain reclassified from accumulated other comprehensive income into income	(2,668		)	1,828

Fair Values of Hedging Instruments Designated as Hedges in Consolidated Balance Sheets

The fair values of hedging instruments and their respective classification on our unaudited condensed consolidated balance sheets and amounts subject to offset under master netting arrangements consisted of the following (in thousands):



		Hedging Assets
		June 30, 2018		December 31, 2017

Derivatives designated as hedging instruments	Balance Sheet Classification
Foreign currency exchange contracts	Other current assets	$	2,704	$	477
Cross currency swaps	Other current assets	314		—
Foreign currency exchange contracts	Other long-term assets	1,755		—
Total derivative instruments presented as cash flow hedges on the balance sheet		4,773		477
Gross amounts subject to master netting arrangements not offset on the balance sheet		703		477
Net amount		$	4,070	$	—

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		Hedging Liabilities
		June 30, 2018		December 31, 2017

Derivatives designated as hedging instruments	Balance Sheet Classification
Foreign currency exchange contracts	Accrued liabilities	$	1,304	$	6,468
Foreign currency exchange contracts	Other long-term liabilities	56		—
Total derivative instruments presented as cash flow hedges on the balance sheet		1,360		6,468
Foreign currency borrowings designated as net investment hedge on the balance sheet	Long-term debt	103,590		106,567
Total hedging instruments presented on the balance sheet		104,950		113,035
Gross amounts subject to master netting arrangements not offset on the balance sheet		703		477
Net amount		$	104,247	$	112,558