XML 42 R32.htm IDEA: XBRL DOCUMENT
v3.20.2

Derivative Financial Instruments (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value | The fair values of our derivative instruments were as follows:
|  | Fair Value |  |
Derivative Assets | Balance Sheet Location | June 30, 2020 |  | December 31, 2019
Derivatives designated as hedging instruments under ASC 815-20 |  | In thousands |  |
Interest rate swap contract | Other current assets | $ | — |  |  | $ | 174 |
Interest rate cap contracts | Other current assets | — |  |  | 1 |
Foreign exchange options | Other current assets | 213 |  |  | — |
Cross currency swap contract | Other current assets | 3,954 |  |  | 1,156 |
Cross currency swap contract | Other long-term assets | — |  |  | 2,870 |
Derivatives not designated as hedging instruments under ASC 815-20 |  |  |  |
Foreign exchange forward contracts | Other current assets | 112 |  |  | 96 |
Total asset derivatives |  | $ | 4,279 |  |  | $ | 4,297 |
Derivative Liabilities |  |  |  |
Derivatives designated as hedging instruments under ASC 815-20 |  |  |  |
Interest rate swap contracts | Other current liabilities | $ | 979 |  |  | $ | — |
Interest rate swap contracts | Other long-term obligations | 1,171 |  |  | — |
Derivatives not designated as hedging instruments under ASC 815-20 |  |  |  |
Foreign exchange forward contracts | Other current liabilities | 166 |  |  | 162 |
Total liability derivatives |  | $ | 2,316 |  |  | $ | 162 |
Accumulated OCI for Derivative and Nonderivative Instruments Designated as Hedging Instruments, Net of Tax | The changes in accumulated other comprehensive income (loss) (AOCI), net of tax, for our derivative and nonderivative hedging instruments designated as hedging instruments, net of tax, were as follows:
In thousands | 2020 |  | 2019
Net unrealized loss on hedging instruments at January 1, | $ | (15,103) |  |  | $ | (13,179) |
Unrealized gain (loss) on hedging instruments | (1,914) |  |  | 998 |
Realized (gains) losses reclassified into net income (loss) | (242) |  |  | (2,497) |
Net unrealized loss on hedging instruments at June 30, | $ | (17,259) |  |  | $ | (14,678) |
Offsetting Assets | A summary of the effect of netting arrangements on our financial position related to the offsetting of our recognized derivative assets and liabilities under master netting arrangements or similar agreements is as follows:
Offsetting of Derivative Assets | Gross Amounts of Recognized Assets Presented in the Consolidated Balance Sheets |  | Gross Amounts Not Offset in the Consolidated Balance Sheets |  |  |  |
In thousands |  |  | Derivative Financial Instruments |  | Cash Collateral Received |  | Net Amount
June 30, 2020 | $ | 4,279 |  |  | $ | (204) |  |  | $ | — |  |  | $ | 4,075 |
December 31, 2019 | 4,297 |  |  | (56) |  |  | — |  |  | 4,241 |
Offsetting Liabilities |
Offsetting of Derivative Liabilities | Gross Amounts of Recognized Liabilities Presented in the Consolidated Balance Sheets |  | Gross Amounts Not Offset in the Consolidated Balance Sheets |  |  |  |
In thousands |  |  | Derivative Financial Instruments |  | Cash Collateral Pledged |  | Net Amount
June 30, 2020 | $ | 2,316 |  |  | $ | (204) |  |  | $ | — |  |  | $ | 2,112 |
December 31, 2019 | 162 |  |  | (56) |  |  | — |  |  | 106 |
Effect of Cash Flow Derivatives on the Balance Sheet and Income Statement, Before Tax | The before-tax effects of our accounting for derivative instruments designated as hedges on AOCI were as follows:
Derivatives in ASC 815-20 Cash Flow Hedging Relationships | Amount of Gain (Loss) Recognized in OCI on Derivative |  |  |  | Gain (Loss) Reclassified from AOCI into Income |  |  |  |
|  |  |  |  | Location |  | Amount |  |
In thousands | 2020 |  | 2019 |  |  |  | 2020 |  | 2019
Three Months Ended June 30, |  |  |  |  |  |  |  |  |
Interest rate swap contracts | $ | (937) |  |  | $ | (683) |  |  | Interest expense |  | $ | (296) |  |  | $ | 453 |
Interest rate cap contracts | 389 |  |  | 134 |  |  | Interest expense |  | 194 |  |  | 305 |
Foreign exchange options | (880) |  |  | (89) |  |  | Product cost of revenues |  | (161) |  |  | 162 |
Cross currency swap contract | (898) |  |  | (585) |  |  | Interest expense |  | 145 |  |  | 416 |
Cross currency swap contract | — |  |  | — |  |  | Other income/(expense), net |  | (714) |  |  | (607) |
Six Months Ended June 30, |  |  |  |  |  |  |  |  |
Interest rate swap contract | $ | (2,516) |  |  | $ | (1,001) |  |  | Interest expense |  | $ | (193) |  |  | $ | 919 |
Interest rate cap contracts | 782 |  |  | 290 |  |  | Interest expense |  | 392 |  |  | 597 |
Foreign exchange options | (969) |  |  | 218 |  |  | Product cost of revenues |  | (161) |  |  | 162 |
Cross currency swap contract | 357 |  |  | 1,423 |  |  | Interest expense |  | 450 |  |  | 910 |
Cross currency swap contract | — |  |  | — |  |  | Other income/(expense), net |  | (197) |  |  | 285 |
Foreign Exchange Derivatives Not Designated As Hedging Instruments | The effect of our derivative instruments not designated as hedges on the Consolidated Statements of Operations was as follows:
Derivatives Not Designated as Hedging Instrument under ASC 815-20 | Location |  | Gain (Loss) Recognized on Derivatives in Other Income (Expense) |  |
In thousands |  |  | 2020 |  | 2019
Three Months Ended June 30, |  |  |  |  |
Foreign exchange forward contracts | Other income (expense), net |  | $ | (904) |  |  | $ | (121) |
Six Months Ended June 30, |  |  |  |  |
Foreign exchange forward contracts | Other income (expense), net |  | $ | 589 |  |  | $ | (912) |

X
- References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of derivative and other financial assets that are subject to offsetting, including master netting arrangements. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225877-175312 + Details
Name: | us-gaap_OffsettingAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of derivative and other financial liabilities that are subject to offsetting, including master netting arrangements. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225877-175312 + Details
Name: | us-gaap_OffsettingLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of gain (loss) on derivative and nonderivative instruments designated and qualifying as cash flow hedge recorded in accumulated other comprehensive income (AOCI) and reclassified into earnings. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfCashFlowHedgesIncludedInAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4E -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624181-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5618551-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624163-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of derivative instrument not designated or qualifying as hedging instrument. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4CC -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL109998890-113959 + Details
Name: | us-gaap_ScheduleOfOtherDerivativesNotDesignatedAsHedgingInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration