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Derivatives (Tables) | 9 Months Ended
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Sep. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Unsettled Purchased Foreign Currency Forward Contracts | As of September 30, 2019 and December 31, 2018, we had the following unsettled purchased foreign currency forward contracts that were entered into to hedge our operational exposure to foreign currency movements (in thousands, except for average contract rates):
Outstanding Notional Amounts as of September 30, 2019
Buy Currency |  | Sell Currency |  | Foreign Amount |  | USD Amount |  | Average Contract Rate
Polish Zloty |  | US Dollar |  | 243,500 |  |  | 63,679 |  |  | 0.2615 |
Indian Rupee |  | US Dollar |  | 3,195,000 |  |  | 44,106 |  |  | 0.0139 |
Singapore Dollar |  | US Dollar |  | 56,400 |  |  | 41,405 |  |  | 0.7341 |
British Pound Sterling |  | US Dollar |  | 13,100 |  |  | 17,064 |  |  | 1.3026 |
Australian Dollar |  | US Dollar |  | 19,000 |  |  | 13,312 |  |  | 0.7006 |
Swedish Krona |  | US Dollar |  | 46,100 |  |  | 5,031 |  |  | 0.1081 |
Outstanding Notional Amounts as of December 31, 2018
Buy Currency |  | Sell Currency |  | Foreign Amount |  | USD Amount |  | Average Contract Rate
Polish Zloty |  | US Dollar |  | 232,500 |  |  | 64,281 |  |  | 0.2765 |
Singapore Dollar |  | US Dollar |  | 59,800 |  |  | 44,504 |  |  | 0.7442 |
British Pound Sterling |  | US Dollar |  | 19,600 |  |  | 26,525 |  |  | 1.3533 |
Indian Rupee |  | US Dollar |  | 2,880,000 |  |  | 39,956 |  |  | 0.0139 |
Australian Dollar |  | US Dollar |  | 23,950 |  |  | 17,674 |  |  | 0.7379 |
Swedish Krona |  | US Dollar |  | 48,250 |  |  | 5,678 |  |  | 0.1177 |
Brazilian Real |  | US Dollar |  | 14,300 |  |  | 3,753 |  |  | 0.2615 |
Schedule of Outstanding Interest Rate Swaps | Interest rate swaps outstanding during the nine months ended September 30, 2019 and 2018 are as follows:
Notional Amount |  | Interest Rate Received |  | Interest Rate Paid |  | Effective Date |  | Maturity Date
Designated as Hedging Instrument |  |  |  |  |  |
$750 million |  | 1 month LIBOR(2) |  | 1.65% |  | December 29, 2017 |  | December 31, 2018
$1,350 million |  | 1 month LIBOR(2) |  | 2.27% |  | December 31, 2018 |  | December 31, 2019
$1,200 million |  | 1 month LIBOR(2) |  | 2.19% |  | December 31, 2019 |  | December 31, 2020
$600 million |  | 1 month LIBOR(2) |  | 2.81% |  | December 31, 2020 |  | December 31, 2021
Not Designated as Hedging Instrument(1) |  |  |  |  |  |
$750 million |  | 1 month LIBOR(3) |  | 2.61% |  | December 29, 2017 |  | December 31, 2018
$750 million |  | 1.67% |  | 1 month LIBOR |  | December 29, 2017 |  | December 31, 2018
______________________
(1) | Subject to a 1% floor.
(2) | Subject to a 0% floor.
(3) As of February 22, 2017.
Schedule of Estimated Fair Values of Derivatives Designated as Hedging Instruments | The estimated fair values of our derivatives designated as hedging instruments as of September 30, 2019 and December 31, 2018 are as follows (in thousands):
|  | Derivative Assets (Liabilities)
|  |  |  | Fair Value as of
Derivatives Designated as Hedging Instruments |  | Consolidated Balance Sheet Location |  | September 30, 2019 |  | December 31, 2018
Foreign exchange contracts |  | Other accrued liabilities |  | $ | (4,507 | ) |  | $ | (4,285 | )
Interest rate swaps |  | Prepaid expenses and other current assets |  | — |  |  | 3,674 |
Interest rate swaps |  | Other assets, net |  | — |  |  | 295 |
Interest rate swaps |  | Other accrued liabilities |  | (6,962 | ) |  | — |
Interest rate swaps |  | Other noncurrent liabilities |  | (11,141 | ) |  | — |
|  |  |  | $ | (22,610 | ) |  | $ | (316 | )
Schedule of Effects of Derivative Instruments Net of Taxes on Other Comprehensive Income (Loss) | The effects of derivative instruments, net of taxes, on OCI for the three and nine months ended September 30, 2019 and 2018 are as follows (in thousands):
|  | Amount of (Loss) Gain Recognized in OCI on Derivative, Effective Portion
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
Derivatives in Cash Flow Hedging Relationships |  | 2019 |  | 2018 |  | 2019 |  | 2018
Foreign exchange contracts |  | $ | (5,072 | ) |  | $ | (1,606 | ) |  | $ | (4,761 | ) |  | $ | (7,897 | )
Interest rate swaps |  | (1,284 | ) |  | 3,042 |  |  | (16,178 | ) |  | 12,018 |
Total |  | $ | (6,356 | ) |  | $ | 1,436 |  |  | $ | (20,939 | ) |  | $ | 4,121 |
|  |  |  | Amount of Loss (Gain) Reclassified from Accumulated OCI into Income, Effective Portion
Derivatives in Cash Flow Hedging Relationships |  | Income Statement Location |  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  | 2019 |  | 2018 |  | 2019 |  | 2018
Foreign exchange contracts |  | Cost of revenue |  | $ | 981 |  |  | $ | 1,558 |  |  | $ | 4,547 |  |  | $ | (2,769 | )
Interest rate swaps |  | Interest expense, net |  | 53 |  |  | 848 |  |  | (1,003 | ) |  | 3,496 |
Total |  |  |  | $ | 1,034 |  |  | $ | 2,406 |  |  | $ | 3,544 |  |  | $ | 727 |

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