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Derivative Instruments, Hedging Activities and Fair Value (Tables) | 6 Months Ended
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Jun. 30, 2017
Derivative Instruments, Hedging Activities And Fair Value Disclosure [Abstract] |
Schedule of fair value of outstanding derivative contracts | The fair value of outstanding derivative contracts recorded as assets and liabilities on the Condensed Consolidated Balance Sheets was as follows:
|  | Asset Derivatives |  | Liability Derivatives
(In thousands) |  | Balance Sheet Location |  | Fair Value |  | Balance Sheet Location |  | Fair Value
June 30, 2017 |  |  |  |  |  |  |  |
Derivatives designated as hedging instruments:
Foreign currency exchange forward contracts |  | Other current assets |  | $ | 895 |  |  | Other current liabilities |  | $ | 60 |
Cross-currency interest rate swaps |  | Other current assets |  | 206 |  |  |  |  | — |
Interest rate swaps |  |  |  | — |  |  | Other current liabilities |  | 196 |
Interest rate swaps |  | Other assets |  | 35 |  |  | Other liabilities |  | 2,382 |
Total derivatives designated as hedging instruments |  |  |  | $ | 1,136 |  |  |  |  | $ | 2,638 |
Derivatives not designated as hedging instruments:
Foreign currency exchange forward contracts |  | Other current assets |  | $ | 2,311 |  |  | Other current liabilities |  | $ | 17,131 |
|  | Asset Derivatives |  | Liability Derivatives
(In thousands) |  | Balance Sheet Location |  | Fair Value |  | Balance Sheet Location |  | Fair Value
December 31, 2016 |  |  |  |  |  |  |  |
Derivatives designated as hedging instruments:
Foreign currency exchange forward contracts |  | Other current assets |  | $ | 473 |  |  | Other current liabilities |  | $ | 166 |
Cross-currency interest rate swaps |  | Other current assets |  | 514 |  |  |  |  | — |
Total derivatives designated as hedging instruments |  |  |  | $ | 987 |  |  |  |  | $ | 166 |
Derivatives not designated as hedging instruments:
Foreign currency exchange forward contracts |  | Other current assets |  | $ | 4,459 |  |  | Other current liabilities |  | $ | 3,372 |
Schedule of effect of derivative instruments | The effect of derivative instruments on the Condensed Consolidated Statements of Operations and the Condensed Consolidated Statements of Comprehensive Income (Loss), was as follows: Derivatives Designated as Hedging Instruments
(In thousands) |  | Amount Recognized in Other Comprehensive Income (“OCI”) on Derivative - Effective Portion |  | Location of Amount Reclassified from Accumulated OCI into Income - Effective Portion |  | Amount Reclassified from Accumulated OCI into Income - Effective Portion |  | Location of Amount Recognized in Income on Derivative - Ineffective Portion and Amount Excluded from Effectiveness Testing |  | Amount Recognized in Income on Derivative - Ineffective Portion and Amount Excluded from Effectiveness Testing |
Three Months Ended June 30, 2017:
Foreign currency exchange forward contracts |  | $ | 1,001 |  |  | Product revenues/Cost of services and products sold |  | $ | (186 | ) |  |  |  | $ | — |  |
Interest rate swaps |  | (2,021 | ) |  |  |  | — |  |  |  |  | — |  |
Cross-currency interest rate swaps |  | 3 |  |  | Interest expense |  | 251 |  |  | Cost of services and products sold |  | (107 | ) | (a)
|  | $ | (1,017 | ) |  |  |  | $ | 65 |  |  |  |  | $ | (107 | ) |
Three Months Ended June 30, 2016:
Foreign currency exchange forward contracts |  | $ | (305 | ) |  | Cost of services and products sold |  | $ | (1 | ) |  |  |  | $ | — |  |
Cross-currency interest rate swaps |  | (520 | ) |  | Interest expense |  | 281 |  |  | Cost of services and products sold |  | (42 | ) | (a)
|  | $ | (825 | ) |  |  |  | $ | 280 |  |  |  |  | $ | (42 | ) |
(In thousands) |  | Amount Recognized in OCI on Derivative - Effective Portion |  | Location Amount Reclassified from Accumulated OCI into Income - Effective Portion |  | Amount Reclassified from Accumulated OCI into Income - Effective Portion |  | Location of Amount Recognized in Income on Derivative - Ineffective Portion and Amount Excluded from Effectiveness Testing |  | Amount Recognized in Income on Derivative - Ineffective Portion and Amount Excluded from Effectiveness Testing |
Six Months Ended June 30, 2017:
Foreign currency forward exchange contracts |  | $ | 763 |  |  | Product revenues / Cost of services and products sold |  | $ | (185 | ) |  |  |  | $ | — |  |
Interest rate swaps |  | (2,543 | ) |  |  |  | — |  |  |  |  | — |  |
Cross currency interest rate swaps |  | (123 | ) |  | Interest expense |  | 493 |  |  | Cost of services and products sold |  | (317 | ) | (a)
|  | $ | (1,903 | ) |  |  |  | $ | 308 |  |  |  |  | $ | (317 | ) |
Six Months Ended June 30, 2016:
Foreign currency forward exchange contracts |  | $ | (630 | ) |  | Product revenues / Cost of services and products sold |  | $ | (409 | ) |  |  |  | $ | — |  |
Cross currency interest rate swaps |  | (2,151 | ) |  | Interest expense |  | 224 |  |  | Cost of services and products sold |  | 4,219 |  | (a)
|  | $ | (2,781 | ) |  |  |  | $ | (185 | ) |  |  |  | $ | 4,219 |  |
(a) These gains offset foreign currency fluctuation effects on the debt principal. Derivatives Not Designated as Hedging Instruments
|  | Location of Gain (Loss) Recognized in Income on Derivative |  | Amount of Gain (Loss) Recognized in Income on Derivative for the Three Months Ended June 30 (b)
(In thousands) |  |  | 2017 |  | 2016
Foreign currency exchange forward contracts |  | Cost of services and products sold |  | $ | (13,289 | ) |  | $ | 8,583 |
|  | Location of Gain (Loss) Recognized in Income on Derivative |  | Amount of Gain (Loss) Recognized in Income on Derivative for the Six Months Ended June 30 (b)
(In thousands) |  |  | 2017 |  | 2016
Foreign currency forward exchange contracts |  | Cost of services and products sold |  | $ | (11,739 | ) |  | $ | 1,739 |
(b) These gains (losses) offset amounts recognized in cost of services and products sold principally as a result of intercompany or third party foreign currency exposures.
Summary of notional amount of foreign currency exchange contracts and cross-currency interest rate swaps | The following table indicates the notional amounts of the Company's interest rate swaps at June 30, 2017:
|  | Annual Notional Amount |  | Interest Rates
(In millions) |  |  | Receive |  | Pay
Maturing 2018 through 2021 |  | $ | 300.0 |  |  | Floating U.S. dollar rate |  | Fixed U.S. dollar rate
Cross-Currency Interest Rate Swaps (CCIRs) The Company uses CCIRs in conjunction with certain debt issuances in order to secure a fixed local currency interest rate. Under these CCIRs, the Company receives interest based on a fixed or floating U.S. dollar rate and pays interest on a fixed local currency rate based on the contractual amounts in dollars and the local currency, respectively. At maturity, there is also the payment of principal amounts between currencies. The CCIRs are recorded on the Condensed Consolidated Balance Sheets at fair value, with changes in value attributed to the effect of the swaps’ interest spread and changes in the credit worthiness of the counter-parties recorded in Accumulated other comprehensive loss. Changes in value attributed to the effect of foreign currency fluctuations are recorded on the Condensed Consolidated Statements of Operations and offset currency fluctuation effects on the debt principal. The following table indicates the contractual amounts of the Company's CCIRs at June 30, 2017:
|  |  |  | Interest Rates
(In millions) |  | Contractual Amount |  | Receive |  | Pay
Maturing 2017 |  | $ | 1.4 |  |  | Floating U.S. dollar rate |  | Fixed rupee rate
The following tables summarize, by major currency, the contractual amounts of the Company’s foreign currency exchange forward contracts in U.S. dollars. The “Buy” amounts represent the U.S. dollar equivalent of commitments to purchase foreign currencies, and the “Sell” amounts represent the U.S. dollar equivalent of commitments to sell foreign currencies. The recognized gains and losses offset amounts recognized in cost of services and products sold principally as a result of intercompany or third party foreign currency exposures. Contracted Amounts of Foreign Currency Exchange Forward Contracts Outstanding at June 30, 2017:
(In thousands) |  | Type |  | U.S. Dollar Equivalent |  | Maturity |  | Recognized Gain (Loss)
British pounds sterling |  | Sell |  | $ | 69,228 |  |  | July 2017 |  | $ | (1,516 | )
British pounds sterling |  | Buy |  | 9,788 |  |  | July 2017 through September 2017 |  | 108 |
Euros |  | Sell |  | 304,566 |  |  | July 2017 through December 2017 |  | (14,233 | )
Euros |  | Buy |  | 163,183 |  |  | July 2017 through May 2018 |  | 2,482 |
Other currencies |  | Sell |  | 47,184 |  |  | July 2017 through December 2017 |  | (880 | )
Other currencies |  | Buy |  | 14,292 |  |  | July 2017 through January 2018 |  | 54 |
Total |  |  |  | $ | 608,241 |  |  |  |  | $ | (13,985 | )
Contracted Amounts of Foreign Currency Exchange Forward Contracts Outstanding at December 31, 2016:
(In thousands) |  | Type |  | U.S. Dollar Equivalent |  | Maturity |  | Recognized Gain (Loss)
British pounds sterling |  | Sell |  | $ | 55,120 |  |  | January 2017 |  | $ | (228 | )
British pounds sterling |  | Buy |  | 827 |  |  | March 2017 |  | (14 | )
Euros |  | Sell |  | 326,797 |  |  | January 2017 through December 2017 |  | 628 |
Euros |  | Buy |  | 171,578 |  |  | January 2017 through January 2018 |  | (468 | )
Other currencies |  | Sell |  | 43,455 |  |  | January 2017 through September 2017 |  | 1,477 |
Other currencies |  | Buy |  | 3,106 |  |  | March 2017 |  | (1 | )
Total |  |  |  | $ | 600,883 |  |  |  |  | $ | 1,394 |
Schedule of fair value of financial instruments | The following table indicates the fair value hierarchy of the financial instruments of the Company:
Level 2 Fair Value Measurements (In thousands) |  | June 30 2017 |  | December 31 2016
Assets |  |  |  |  |  |
Foreign currency exchange forward contracts |  | $ | 3,206 |  |  | $ | 4,932 |
Interest rate swaps |  | 35 |  |  | — |
Cross-currency interest rate swaps |  | 206 |  |  | 514 |
Liabilities |  |  |  |  |  |
Foreign currency exchange forward contracts |  | 17,191 |  |  | 3,538 |
Interest rate swaps |  | 2,578 |  |  | — |
Schedule of the reconciliation of liabilities measured on a recurring basis using unobservable inputs | The following table reconciles the beginning and ending balances for liabilities measured on a recurring basis using unobservable inputs (Level 3):
Level 3 Liabilities—Unit Adjustment Liability (c) for the Six Months Ended June 30 (In thousands) |  | Six Months Ended
| June 30
| 2016
Balance at beginning of period |  | $ | 79,934 |
Reduction in the fair value related to election not to make 2016 payments |  | (19,145 | )
Change in fair value to the unit adjustment liability |  | 3,402 |
Balance at end of period |  | $ | 64,191 |
(c) | During the quarter ended March 31, 2016, the Company decided that it would not make the four quarterly payments to CD&R for 2016. This resulted in the Company revaluing the Unit Adjustment Liability. The Company sold its investment in Brand in September 2016 and the unit adjustment liability ceased at that time. See Note 4, Equity Method Investment, for additional information related to the unit adjustment liability.

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- Definition Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19279-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
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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=64837297&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=64837297&loc=SL5618551-113959 + Details
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- 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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624163-113959 + Details
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- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=64837297&loc=d3e41641-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624163-113959 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=64837297&loc=d3e41678-113959 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=64837297&loc=d3e41638-113959 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5580258-113959 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5579245-113959 Reference 7: 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=64837297&loc=SL5624171-113959 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5579240-113959 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64837297&loc=d3e41620-113959 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(n)(2)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258 + Details
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