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Derivatives and Hedging Instruments (Tables)
 12 Months Ended
Dec. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of Fair Value of Derivative Instruments as Recorded on Company's Consolidated Statements of Financial Condition
The following table summarizes the fair value of derivative instruments as recorded in the Company’s consolidated statements of financial condition (in thousands):
 
December 31, 2015
 
December 31, 2014
Balance Sheet
Location
 
Fair Value
 
Balance Sheet
Location
 
Fair Value
Derivatives designated as hedging instruments:
 
 
 
 
 
 
 
Foreign currency exchange contracts
Other assets
 
$
718

 
Other assets
 
$
768

Foreign currency exchange contracts
Other liabilities
 
(601
)
 
Other liabilities
 
(1,037
)
Derivatives not designated as hedging instruments:
 
 
 
 
 
 
 
Interest rate swap agreements
Other liabilities
 
(352
)
 
Other liabilities
 
—
Summary of Effects of Derivatives in Cash Flow Hedging Relationships in Company's Statements of Income
The following table summarizes the effects of derivatives in cash flow hedging relationships on the Company’s statements of income for the years ended December 31, 2015 and 2014 (in thousands):
 
Gain or (Loss)
Recognized in OCI-
Effective Portion
 
Location of Gain
or (Loss)
Reclassified from
OCI into
Income - Effective
Portion
 
Gain or (Loss)
Reclassified
from OCI into
Income -  Effective
Portion
 
Location of
Gain or (Loss)
Recognized -
Ineffective
Portion and
Amount
Excluded from
Effectiveness
Testing
 
Amount of
Gain or (Loss)
Recognized -
Ineffective
Portion and
Amount
Excluded from
Effectiveness
Testing
 
2015
 
2014
 
 
 
2015
 
2014
 
 
 
2015
 
2014
Foreign currency exchange contracts
$
(248
)
 
$
2,281

 
Salaries and
employee
benefits
 
$
(472
)
 
$
(1,084
)
 
Other (expense)
income
 
$
—

 
$
—

Foreign currency exchange contracts
88

 
249

 
General and
administrative
expenses
 
(74
)
 
(195
)
 
Other (expense)
income
 
—

 
—