Derivatives and Hedging Instruments (Tables)

6 Months Ended

Jun. 30, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Fair Value of Derivative Instruments

The following table summarizes the fair value of derivative instruments as recorded in the Company’s consolidated statements of financial condition (in thousands):

	June 30, 2019				December 31, 2018
	Balance Sheet Location	Fair Value			Balance Sheet Location	Fair Value
Derivatives designated as hedging instruments:
Foreign currency exchange contracts	Other assets	$	1,230		Other liabilities	(237	)
Interest rate cap contracts	Other assets	311			Other assets	2,023
Interest rate swap agreements	Other liabilities	(10,779		)	Other liabilities	(4,881	)
Derivatives not designated as hedging instruments:
Foreign currency exchange contracts	Other assets	173			—	—

Effects of Derivatives in Cash Flow Hedging Relationships

The following table summarizes the effects of derivatives in cash flow hedging relationships designated as hedging instruments on the Company’s consolidated statements of operations for the three and six months ended June 30, 2019 and 2018 (in thousands):

Derivatives Designated as Hedging Instruments	Gain (Loss) Recognized in OCI						Location of Gain (Loss) Reclassified from OCI into Income	Gain (Loss) Reclassified from OCI into Income
	Three Months Ended June 30,							Three Months Ended June 30,
	2019			2018				2019			2018
Foreign currency exchange contracts	$	456		$	(967	)	Salaries and employee benefits	$	80		$	434
Foreign currency exchange contracts	69			(76		)	General and administrative expenses	13			35
Interest rate swap agreements	(4,296		)	(21		)	Interest expense	(444		)	8
Interest rate cap contracts	(140		)	—			Interest expense	—			—

Derivatives Designated as Hedging Instruments	Gain (Loss) Recognized in OCI						Location of Gain (Loss) Reclassified from OCI into Income	Gain (Loss) Reclassified from OCI into Income
	Six Months Ended June 30,							Six Months Ended June 30,
	2019			2018				2019			2018
Foreign currency exchange contracts	$	1,391		$	(1,074	)	Salaries and employee benefits	$	(15	)	$	983
Foreign currency exchange contracts	(9		)	(76		)	General and administrative expenses	(71		)	35
Interest rate swap agreements	(6,382		)	(12		)	Interest expense	(864		)	25
Interest rate cap contracts	(1,712		)	—			Interest expense	—			—

The following table summarizes the effects of derivatives in cash flow hedging relationships not designated as hedging instruments on the Company’s consolidated statements of operations for the three and six months ended June 30, 2019 and 2018 (in thousands):

Derivatives Not Designated as Hedging Instruments	Location of Gain (Loss) Recognized in Income on Derivative	Amount of Gain (Loss) Recognized in Income on Derivative
		Three Months Ended June 30,					Six Months Ended June 30,
		2019		2018			2019		2018
Foreign currency exchange contracts	Other expense	$	173	$	(6,174	)	$	173	$	(6,940	)
Interest rate cap contracts	Interest expense	—		(1,628		)	—		(1,716		)