DERIVATIVE INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2016

Fair Value of Company Outstanding Forward Contracts

The fair value of the Company’s outstanding forward contracts was as follows:

	March 31, 2016			December 31, 2015
(in thousands)	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Asset Derivatives
Foreign currency forward contracts	Other current assets	$	722	Other current assets	$	48
Liability Derivatives
Foreign currency forward contracts	Accrued expenses	$	447	Accrued expenses	$	1,052

Forward Contracts with Notional Values

The Company entered into forward contracts with notional values as follows:

	Notional Amount
	Three Months Ended March 31,
Currency (in thousands)	2016		2015
Euro	€	34,435	€	—
British pound	£	9,105	£	—
Australian dollar	A$	36,275	A$	—
Indian rupee	Rs	968,500	Rs	—
United States dollar	$	48,820	$	—

Change in Fair Value of Forward Contracts

	Three Months Ended March 31,
(in thousands)	2016			2015
Loss from the change in the fair value of forward contracts included in other expense, net	$	(2,297	)	$	—
Foreign currency transaction gains (losses) from the remeasurement of foreign currency assets and liabilities	$	1,376		$	(2,962	)