DERIVATIVE INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2017

Fair Value of Company Outstanding Forward Contracts

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

	December 31, 2016
(in thousands)	Recorded In:	Fair Value
Asset Derivatives
Foreign currency forward contracts	Other current assets	$	628
Liability Derivatives
Foreign currency forward contracts	Accrued expenses	$	883

Forward Contracts Outstanding with Total Notional Values

The Company had forward contracts outstanding with total notional values as of June 30, 2016 as follows:

(in thousands)
Euro	€	24,735
British pound	£	7,885
Australian dollar	A$	25,830
Indian rupee	Rs	353,500
United States dollar	$	93,460

Change in Fair Value of Forward Contracts

The income statement impact of the Company’s outstanding forward contracts and foreign currency transactions was as follows:

	Three Months Ended June 30,						Six Months Ended June 30,
(in thousands)	2017			2016			2017			2016
Gain (loss) from the change in the fair value of forward contracts included in other income (expense), net	$	565		$	(1,421	)	$	286		$	(3,718	)
Foreign currency transaction (loss) gain from the remeasurement of foreign currency assets and liabilities	$	(917	)	$	306		$	(241	)	$	1,682
	$	(352	)	$	(1,115	)	$	45		$	(2,036	)