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Fair Value Measurements (Tables) | 12 Months Ended
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Dec. 31, 2018
Fair Value Disclosures [Abstract] |
Derivative Assets and Liabilities Measured at Fair Value | The Company’s derivative assets and liabilities are measured at fair value and consisted of Level 2 inputs and their amounts are shown below at their gross values as of December 31, 2018 and 2017:
|  | Balance Sheet Location |  | Significant Other Observable Inputs (Level 2) Fair Value as of December 31, 2018 |  |  | Significant Other Observable Inputs (Level 2) Fair Value as of December 31, 2017 |
|  |  |  | (in millions) |
ASSETS: |  |  |  |  |  |  |  |  |  |
Derivatives designated as hedging instruments: |  |  |  |  |  |  |  |  |  |
Foreign exchange currency contracts relating to inventory and intercompany management fee hedges |  | Prepaid expenses and other current assets |  | $ | 0.5 |  |  | $ | 2.9 |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |  |  |  |
Foreign exchange currency contracts |  | Prepaid expenses and other current assets |  |  | 2.8 |  |  |  | 2.9 |
|  |  |  | $ | 3.3 |  |  | $ | 5.8 |
LIABILITIES: |  |  |  |  |  |  |  |  |  |
Derivatives designated as hedging instruments: |  |  |  |  |  |  |  |  |  |
Foreign exchange currency contracts relating to inventory and intercompany management fee hedges |  | Other current liabilities |  | $ | 0.7 |  |  | $ | 4.0 |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |  |  |  |
Foreign exchange currency contracts |  | Other current liabilities |  |  | 1.0 |  |  |  | 2.6 |
|  |  |  | $ | 1.7 |  |  | $ | 6.6 |
Schedule of Reconciliation of CVR Liability | The following is a reconciliation of the CVR liability reported in Other current liabilities within the Company’s consolidated balance sheet as of December 31, 2018:
|  | Contingent Value Right |
|  | (in millions) |
Fair value as of December 31, 2017 |  | $ | 6.9 |
Net unrealized loss(1) |  |  | 8.8 |
Fair value as of December 31, 2018 |  | $ | 15.7 |
(1) | Unrealized gains and losses related to the revaluation of the CVR are recorded in other expense (income), net within the Company’s consolidated statements of income.
Offsetting of Derivative Assets | The following tables summarize the offsetting of the fair values of the Company’s derivative assets and derivative liabilities for presentation in the Company’s consolidated balance sheets as of December 31, 2018 and 2017:
|  | Offsetting of Derivative Assets |
|  | Gross Amounts of Recognized Assets |  |  | Gross Amounts Offset in the Balance Sheet |  |  | Net Amounts of Assets Presented in the Balance Sheet |
|  | (in millions) |
December 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange currency contracts |  | $ | 3.3 |  |  | $ | (1.2 | ) |  | $ | 2.1 |
Total |  | $ | 3.3 |  |  | $ | (1.2 | ) |  | $ | 2.1 |
December 31, 2017 |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange currency contracts |  | $ | 5.8 |  |  | $ | (4.3 | ) |  | $ | 1.5 |
Total |  | $ | 5.8 |  |  | $ | (4.3 | ) |  | $ | 1.5 |
Offsetting of Derivative Liabilities |
|  | Offsetting of Derivative Liabilities |
|  | Gross Amounts of Recognized Liabilities |  |  | Gross Amounts Offset in the Balance Sheet |  |  | Net Amounts of Liabilities Presented in the Balance Sheet |
|  | (in millions) |
December 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange currency contracts |  | $ | 1.7 |  |  | $ | (1.2 | ) |  | $ | 0.5 |
Total |  | $ | 1.7 |  |  | $ | (1.2 | ) |  | $ | 0.5 |
December 31, 2017 |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange currency contracts |  | $ | 6.6 |  |  | $ | (4.3 | ) |  | $ | 2.3 |
Total |  | $ | 6.6 |  |  | $ | (4.3 | ) |  | $ | 2.3 |

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19279-110258 + Details
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- 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
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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258 + Details
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