Derivative Instruments and Hedging Activities (Tables)

9 Months Ended

Sep. 30, 2015

The fair value of derivative instruments on the Company’s condensed consolidated balance sheets was as follows (in thousands):


Balance Sheet Location	September 30, 2015		December 31, 2014
Derivatives designated as hedging instruments:
Liability Derivatives
Accounts payable and accrued liabilities (foreign currency contracts)	$	10	$	23
Other liabilities (interest rate swaps)		—		717

The pre-tax effect of derivative instruments on the Company’s condensed consolidated statements of operations was as follows (in thousands):


	Amount of Gain (Loss) Recognized in OCI on Derivative (Effective portion)						Amount of Gain (Loss) Recognized in OCI on Derivative (Effective portion)
	Three Months Ended September 30,						Nine Months Ended September 30,
Derivatives in Cash Flow Hedging Relationships	2015			2014			2015			2014
Forward currency contracts	$	318		$	(261	)	$	2,080		$	102
Interest rate swap arrangements		(355	)		931			(2,958	)		(2,784	)


	Amount of Gain (Loss) Reclassified from Accumulated OCI into Income (Effective portion)						Amount of Gain (Loss) Reclassified from Accumulated OCI into Income (Effective portion)
	Three Months Ended September 30,						Nine Months Ended September 30,
Location of Gain (Loss) Reclassified from Accumulated OCI into Income (Effective portion)	2015			2014			2015			2014
Revenue	$	1,077		$	—		$	1,953		$	—
Cost of services		33			16			26			337
Member relations and marketing		32			14			26			279
General and administrative		10			7			8			135
Interest expense		(223	)		(822	)		(1,771	)		(2,449	)
Other (expense) income, net		(6	)		—			90			—

	$	923		$	(785	)	$	332		$	(1,698	)