Derivatives and Hedging Instruments (Tables)

6 Months Ended

Jun. 30, 2016

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 condensed consolidated statements of financial condition (in thousands):



	June 30, 2016				December 31, 2015
	Balance Sheet Location	Fair Value			Balance Sheet Location	Fair Value
Derivatives designated as hedging instruments:
Foreign currency exchange contracts	Other assets	$	160		Other assets	$	718
Foreign currency exchange contracts	Other liabilities	(539		)	Other liabilities	(601		)
Derivatives not designated as hedging instruments:
Foreign currency exchange contracts	Other assets	6,668			Other assets	—
Foreign currency exchange contracts	Other liabilities	(3,084		)	Other liabilities	—
Interest rate swap agreements	Other liabilities	(258		)	Other liabilities	(352		)

Summary of Effects of Derivatives in Cash Flow Hedging Relationships in Company's Statements of Operations

The following table summarizes the effects of derivatives in cash flow hedging relationships designated as hedging instruments on the Company’s condensed consolidated statements of operations for the three and six months ended June 30, 2016 and 2015 (in thousands):



Derivatives Designated as Hedging Instruments	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
	Three Months Ended June 30,							Three Months Ended June 30,						Three Months Ended June 30,
	2016			2015				2016		2015				2016		2015
Foreign currency exchange contracts	$	(207	)	$	(395	)	Salaries and employee benefits	$	274	$	(164	)	Other (expense) income	$	—	$	—
Foreign currency exchange contracts	(36		)	(70		)	General and administrative expenses	46		(31		)	Other (expense) income	—		—



Derivatives Designated as Hedging Instruments	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
	Six Months Ended June 30,						Six Months Ended June 30,						Six Months Ended June 30,
	2016			2015			2016		2015				2016		2015
Foreign currency exchange contracts	$	295		$	77	Salaries and employee benefits	$	532	$	(315	)	Other (expense) income	$	—	$	—
Foreign currency exchange contracts	(190		)	150		General and administrative expenses	69		(47		)	Other (expense) income	—		—

The following table summarizes the effects of derivatives in cash flow hedging relationships not designated as hedging instruments on the Company’s condensed consolidated statements of operations for the three and six months ended June 30, 2016 and 2015 (in thousands):



Derivatives Not Designated as Hedging Instruments	Location of Gain or (Loss) Recognized in income on Derivative	Amount of Gain or (Loss) Recognized in Income on Derivative
		Three Months Ended June 30,				Six Months Ended June 30,
		2016		2015		2016		2015
Foreign currency exchange contracts ⁽¹⁾	Other income (expense)	$	1,990	$	—	$	7,376	$	—

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(1)	After the effect of income tax and noncontrolling interest, the net impact of the derivative contracts to consolidated net income from continuing operations attributable to Encore was a loss of $0.2 million and a gain of $1.6 million during the three and six months ended June 30, 2016, respectively.