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DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES (Tables) | 6 Months Ended
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Jun. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance | The following tables demonstrate the impact of the Company’s derivatives on the Consolidated Statements of Income and Comprehensive Income for the three and six months ended June 30, 2017 and 2016.
|  |  | Three Months Ended June 30,
| Income Statement Location |  | 2017 |  | 2016
Derivatives designated as cash flow hedges: |  |  |  |  |
Foreign currency exchange contracts | Other comprehensive income (loss) |  |  | $3,261 |  |  |  | $1,116 |
Foreign currency option contracts | Other comprehensive income (loss) |  | 976 |  |  | 1,096 |
Interest rate swaps | Other comprehensive income (loss) |  | (5,022 | ) |  | (14,102 | )
Derivatives not designated as hedging instruments: |  |  |  |
| Interest income and miscellaneous income (expense), net |  | (462 | ) |  | — |
|  |  | Six Months Ended June 30,
| Income Statement Location |  | 2017 |  | 2016
Derivatives designated as cash flow hedges: |  |  |  |  |
Foreign currency exchange contracts | Other comprehensive income (loss) |  |  | $3,189 |  |  |  | $1,816 |
Foreign currency option contracts | Other comprehensive income (loss) |  | 935 |  |  | 1,929 |
Interest rate swaps | Other comprehensive income (loss) |  | (2,388 | ) |  | (28,988 | )
Derivatives designated as a net investment hedge: |  |  |  |  |
Foreign currency exchange contract | Other comprehensive income (loss) |  | — |  |  | (4,606 | )
Derivatives not designated as hedging instruments: |  |  |  |
Foreign currency exchange contracts | Other operating income, net |  | — |  |  | 895 |
| Interest income and miscellaneous income (expense), net |  | (327 | ) |  | — |
Foreign currency option contracts | Other operating income, net |  | — |  |  | 258 |
Interest rate swaps | Interest income and miscellaneous income (expense), net |  | — |  |  | (1,219 | )
Schedule of Notional Amounts of Outstanding Derivative Positions | The following table contains the notional amounts of the derivative financial instruments recorded in the Consolidated Balance Sheets:
| Notional Amount
| June 30, 2017 |  | December 31, 2016
Derivatives designated as cash flow hedges: |  |  |
Foreign currency exchange contracts |  | $65,250 |  |  |  | $44,800 |
Foreign currency option contracts | 68,000 |  |  | 91,000 |
Interest rate swaps | 650,000 |  |  | 650,000 |
Derivative not designated as a hedging instrument: |  |  |
Foreign currency exchange contracts | 14,083 |  |  | — |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value | The following table contains the fair values of the derivative financial instruments recorded in the Consolidated Balance Sheets:
| Location on Balance Sheet |  | Fair Value Assets / (Liabilities) (a)
|  |  | June 30, 2017 |  | December 31, 2016
Derivatives designated as cash flow hedges: |  |  |  |
Foreign currency exchange contracts | Other current assets |  |  | $3,188 |  |  |  | $692 |
| Other assets |  | 675 |  |  | 33 |
| Other current liabilities |  | — |  |  | (261 | )
Foreign currency option contracts | Other current assets |  | 1,162 |  |  | 1,064 |
| Other assets |  | 392 |  |  | 327 |
| Other current liabilities |  | (132 | ) |  | (574 | )
| Other non-current liabilities |  | (119 | ) |  | (426 | )
Interest rate swaps | Other assets |  | 15,265 |  |  | 17,204 |
| Other non-current liabilities |  | (6,428 | ) |  | (5,979 | )
Derivative not designated as a hedging instrument: |  |  |  |
Foreign currency exchange contracts | Other current liabilities |  | (350 | ) |  | — |
Total derivative contracts: |  |  |  |  |
Other current assets |  |  |  | $4,350 |  |  |  | $1,756 |
Other assets |  |  | 16,332 |  |  | 17,564 |
Total derivative assets |  |  |  | $20,682 |  |  |  | $19,320 |
Other current liabilities |  |  | (482 | ) |  | (835 | )
Other non-current liabilities |  |  | (6,547 | ) |  | (6,405 | )
Total derivative liabilities |  |  |  | ($7,029 | ) |  |  | ($7,240 | )
(a) | See Note 12 — Fair Value Measurements for further information on the fair value of the Company’s derivatives including their classification within the fair value hierarchy.

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- 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/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624171-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5618551-113959 + Details
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