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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)
 6 Months Ended
Jun. 30, 2018
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) [ABSTRACT]  
Schedule of accumulated other comprehensive income (loss)

The following table presents changes in the accumulated balance for each component of other comprehensive income (loss), including current period other comprehensive income (loss) and reclassifications out of accumulated other comprehensive income (loss) (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Foreign

    

 

 

    

 

 

    

 

 

 

 

 

Currency

 

Derivative

 

 

 

 

 

 

 

 

 

Translation

 

Valuation, Net

 

Other, Net

 

 

 

 

 

 

Adjustment

 

of Tax

 

of Tax

 

Totals

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated other comprehensive income (loss) at December 31, 2016

 

$

(92,008)

 

$

(32,393)

 

$

(2,563)

 

$

(126,964)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive income (loss) before reclassifications

 

 

9,335

 

 

19,768

 

 

494

 

 

29,597

 

Amounts reclassified from accumulated other comprehensive income (loss)

 

 

 —

 

 

(7,105)

 

 

(235)

 

 

(7,340)

 

Net current period other comprehensive income (loss)

 

 

9,335

 

 

12,663

 

 

259

 

 

22,257

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated other comprehensive income (loss) at June 30, 2017

 

$

(82,673)

 

$

(19,730)

 

$

(2,304)

 

$

(104,707)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated other comprehensive income (loss) at December 31, 2017

 

$

(84,100)

 

$

(15,746)

 

$

(2,458)

 

$

(102,304)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive income (loss) before reclassifications

 

 

(25,722)

 

 

5,945

 

 

415

 

 

(19,362)

 

Amounts reclassified from accumulated other comprehensive income (loss)

 

 

 —

 

 

(7,458)

 

 

(201)

 

 

(7,659)

 

Net current period other comprehensive income (loss)

 

 

(25,722)

 

 

(1,513)

 

 

214

 

 

(27,021)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated other comprehensive income (loss) at June 30, 2018

 

$

(109,822)

 

$

(17,259)

 

$

(2,244)

 

$

(129,325)

 

 

Schedule of reclassifications from Accumulated other comprehensive income (loss)

The following table presents the classification and amount of the reclassifications from Accumulated other comprehensive income (loss) to the statement of comprehensive income (loss) (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Statement of

 

 

 

For the Three Months Ended June 30,

 

Comprehensive Income

 

 

    

2018

    

2017

    

(Loss) Classification

 

 

 

 

 

 

 

 

 

 

 

Derivative valuation

 

 

 

 

 

 

 

 

 

Gain (loss) on foreign currency forward exchange contracts

 

$

(4,883)

 

$

(5,091)

 

Revenue

 

Loss on interest rate swaps

 

 

 —

 

 

(26)

 

Interest expense

 

Tax effect

 

 

1,318

 

 

2,148

 

Provision for income taxes

 

 

 

$

(3,565)

 

$

(2,969)

 

Net income (loss)

 

 

 

 

 

 

 

 

 

 

 

Other

 

 

 

 

 

 

 

 

 

Actuarial loss on defined benefit plan

 

$

(112)

 

$

(130)

 

Cost of services

 

Tax effect

 

 

11

 

 

13

 

Provision for income taxes

 

 

 

$

(101)

 

$

(117)

 

Net income (loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Statement of

 

 

 

For the Six Months Ended June 30,

 

Comprehensive Income

 

 

    

2018

    

2017

    

(Loss) Classification

 

 

 

 

 

 

 

 

 

 

 

Derivative valuation

 

 

 

 

 

 

 

 

 

Gain (loss) on foreign currency forward exchange contracts

 

$

(10,215)

 

$

(11,897)

 

Revenue

 

Loss on interest rate swaps

 

 

 —

 

 

(115)

 

Interest expense

 

Tax effect

 

 

2,757

 

 

4,907

 

Provision for income taxes

 

 

 

$

(7,458)

 

$

(7,105)

 

Net income (loss)

 

 

 

 

 

 

 

 

 

 

 

Other

 

 

 

 

 

 

 

 

 

Actuarial loss on defined benefit plan

 

$

(223)

 

$

(261)

 

Cost of services

 

Tax effect

 

 

22

 

 

26

 

Provision for income taxes

 

 

 

$

(201)

 

$

(235)

 

Net income (loss)