Derivatives and Hedging Instruments (Tables)

3 Months Ended

Mar. 31, 2020

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 included in the Company’s consolidated statements of financial condition (in thousands):

	March 31, 2020			December 31, 2019
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Derivatives designated as hedging instruments:
Interest rate cap contracts	Other assets	$	2,150	Other assets	$	2,460
Foreign currency exchange contracts	Other liabilities	(134)		Other assets	443
Interest rate swap agreements	Other liabilities	(14,735)		Other liabilities	(9,116)
Derivatives not designated as hedging instruments:
Foreign currency exchange contracts	Other liabilities	(2,043)		Other assets	1,030

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 in the Company’s consolidated statements of operations (in thousands):

Derivatives Designated as Hedging Instruments	Gain (Loss) Recognized in OCI				Location of Gain (Loss) Reclassified from OCI into Income (Loss)	Gain (Loss) Reclassified from OCI into Income (Loss)
	Three Months Ended March 31,					Three Months Ended March 31,
	2020		2019			2020		2019
Foreign currency exchange contracts	$	(389)	$	935	Salaries and employee benefits	$	127	$	(95)
Foreign currency exchange contracts	(45)		(78)		General and administrative expenses	17		(84)
Interest rate swap agreements	(6,707)		(2,086)		Interest expense	(1,088)		(420)
Interest rate cap contracts	(1,396)		(1,572)		Interest expense	(2,542)		—

The following table summarizes the effects of derivatives in cash flow hedging relationships not designated as hedging instruments in the Company’s consolidated statements of operations (in thousands):

		Amount of Gain Recognized in Income (Loss)
		Three Months Ended March 31,
Derivatives Not Designated as Hedging Instruments	Location of Gain Recognized in Income (Loss) on Derivative	2020		2019
Foreign currency exchange contracts	Other income (expense)	$	1,943	$	—