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Derivatives and Risk Management (Tables)

6 Months Ended

Jun. 30, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Notional Amounts of Derivative Contracts Designated Cash Flow Hedges

Notional amounts of open derivative contracts designated as cash flow hedges (in thousands):

Description of Derivative Contract		June 30, 2018				December 31, 2017
FX derivative contracts to be exchanged for British Pounds		$	11,655			$	16,847
FX derivative contracts to be exchanged for Japanese Yen		22,122				32,302
FX derivative contracts to be exchanged for Canadian Dollars		15,779				16,494
FX derivative contracts to be exchanged for Euros		38,581				—
Interest rate swap contracts		46,570				55,965
		$	134,707			$	121,608

Unrealized Gain (Loss) in AOCI

After-tax net loss associated with derivatives designated as cash flow hedges recorded in the ending balance of AOCI and the amount expected to be reclassified to earnings in the next twelve months (in thousands):

Description of Derivative Contract		June 30, 2018				Amount Expected to be Reclassified to Earnings in Next 12 Months
FX derivative contracts		$	(1,011	)		$	(1,011	)
Interest rate swap contracts		(253		)		(64		)
		$	(1,264	)		$	(1,075	)

Schedule of Cash Flow Hedges Included in AOCI

Pre-tax gains (losses) for derivative contracts designated as cash flow hedges recognized in Other Comprehensive Income (Loss) (“OCI”) and the amount reclassified to earnings from AOCI (in thousands):

				Three Months Ended June 30,
				2018								2017
Description of Derivative Contract		Location in Earnings of Reclassified Gain or Loss		Losses Recognized in OCI				(Losses) Gains Reclassified from AOCI to Earnings				Losses Recognized in OCI				(Losses) Gains Reclassified from AOCI to Earnings
FX derivative contracts		Foreign exchange and other gains (losses)		$	(25	)		$	(1,358	)		$	(755	)		$	(532	)
FX derivative contracts		SG&A		—				549				—				544
Interest rate swap contracts		Interest expense		—				(17		)		—				543
				$	(25	)		$	(826	)		$	(755	)		$	555

				Six Months Ended June 30,
				2018								2017
Description of Derivative Contract		Location in Earnings of Reclassified Gain or Loss		Gains Recognized in OCI				(Losses) Gains Reclassified from AOCI to Earnings				Losses Recognized in OCI				(Losses) Gains Reclassified from AOCI to Earnings
FX derivative contracts		Foreign exchange and other gains (losses)		$	189			$	(512	)		$	(7,587	)		$	(5,210	)
FX derivative contracts		SG&A		—				1,174				—				1,354
Interest rate swap contracts		Interest expense		—				(17		)		—				212
				$	189			$	645			$	(7,587	)		$	(3,644	)

Schedule of Fair Value of Derivative Instruments in Statement of Financial Position

The following tables present the fair value on a gross basis, and the location of, derivative contracts reported in the condensed consolidated balance sheets (in thousands):

June 30, 2018		Liability Derivatives
Derivatives Designated as Hedging Instruments		Balance Sheet Location		Fair Value (1)
Interest rate swap contracts		Accrued liabilities		$	683
Interest rate swap contracts		Other long-term liabilities		538
FX derivative contracts		Accrued liabilities		1,209
Total derivatives designated as hedging instruments				2,430
Derivatives Not Designated as Hedging Instruments
FX derivative contracts		Accrued liabilities		827
Total derivatives not designated as hedging instruments				827
Total derivatives				$	3,257

December 31, 2017		Asset Derivatives						Liability Derivatives
Derivatives Designated as Hedging Instruments		Balance Sheet Location		Fair Value (1)				Balance Sheet Location		Fair Value (1)
Interest rate swap contracts		Prepaid expenses and other current assets		$	—			Accrued liabilities		$	834
Interest rate swap contracts		Other assets		—				Other long-term liabilities		751
FX derivative contracts		Prepaid expenses and other current assets		—				Accrued liabilities		460
Total derivatives designated as hedging instruments				—						2,045
Derivatives Not Designated as Hedging Instruments
FX derivative contracts		Prepaid expenses and other current assets		519				Accrued liabilities		—
Total derivatives not designated as hedging instruments				519						—
Total derivatives				$	519					$	2,045

(1) For the classification of inputs used to evaluate the fair value of our derivatives, refer to “Note 8. Fair Value Measurements.”

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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.

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Tabular disclosure of the effective portion of the gains and losses on derivative instruments designated (and non-derivative instruments) designated and qualifying in cash flow hedges and net investment hedges that was recognized in other comprehensive income (loss) during the current period.

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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.

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Tabular disclosure of the notional amounts of outstanding derivative positions.

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