Derivatives and Hedging Instruments (Tables)

12 Months Ended

Dec. 31, 2018

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, 2018				December 31, 2017
	Balance Sheet Location	Fair Value			Balance Sheet Location	Fair Value
Derivatives designated as hedging instruments:
Interest rate cap contracts	Other assets	$	2,023		Other assets	$	—
Foreign currency exchange contracts	Other liabilities	(237		)	Other assets	1,912
Interest rate swap agreements	Other liabilities	(4,881		)	Other liabilities	(7		)
Derivatives not designated as hedging instruments:
Interest rate cap contracts	Other assets	—			Other assets	3,922
Foreign currency exchange contracts	Other liabilities	—			Other liabilities	(1,110		)

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 designated as hedging instruments on the Company’s consolidated statements of income for the years ended December 31, 2018 and 2017(in thousands):

	Gain (Loss) Recognized in OCI					Location of Gain (Loss) Reclassified from OCI into Income	Gain (Loss) Reclassified from OCI into Income
	2018			2017			2018			2017
Foreign currency exchange contracts	$	(1,253	)	$	2,302	Salaries and employee benefits	$	794		$	1,280
Foreign currency exchange contracts	(100		)	310		General and administrative expenses	2			76
Interest rate swap agreements	(5,228		)	9		Interest expense	(384		)	(110		)
Interest rate cap contracts	(643		)	—		Interest expense	—			—

The following table summarizes the effects of derivatives not designated as hedging instruments on the Company’s consolidated statements of income for the years ended December 31, 2018 and 2017(in thousands):

Derivatives Not Designated as Hedging Instruments	Location of Derivative Gain (Loss) Recognized in Income	Amount of Derivative Gain (Loss) Recognized in Income
		2018			2017		2016
Foreign currency exchange contracts	Other (expense) income	$	(9,221	)	$	1,755	$	8,248
Interest rate cap contracts	Interest expense	(1,568		)	2,026		—
Interest rate swap agreements	Interest expense	—			110		144