Derivatives and Hedging Instruments (Tables)

12 Months Ended

Dec. 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 recorded in the Company’s consolidated statements of financial condition (in thousands):

	December 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	$	659	Other assets	$	2,460
Foreign currency exchange contracts	Other assets	—		Other assets	443
Interest rate swap agreements	Other liabilities	(5,232)		Other liabilities	(9,116)
Cross-currency swap agreements	Other assets	11,578		Other assets	—
Derivatives not designated as hedging instruments:
Foreign currency exchange contracts	Other assets	—		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 financial statements during the periods presented (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
	Year Ended December 31,					Year Ended December 31,
	2020		2019			2020		2019
Foreign currency exchange contracts	$	(341)	$	1,100	Salaries and employee benefits	$	49	$	383
Foreign currency exchange contracts	(44)		(56)		General and administrative expenses	11		(19)
Interest rate swap agreements	(7,441)		(6,347)		Interest expense	(7,893)		(2,560)
Interest rate cap contracts	(3,001)		(1,752)		Interest expense	(2,846)		146
Cross-currency swap agreements	10,503		—		Interest expense / Other expense	10,121		—

The following table summarizes the effects of derivatives not designated as hedging instruments on the Company’s consolidated statements of operations during the periods presented (in thousands):

Derivatives Not Designated as Hedging Instruments	Location of Gain (Loss) Recognized in Income on Derivative	Amount of Gain (Loss) Recognized in Income
		Year ended December 31,
		2020		2019		2018
Foreign currency exchange contracts	Other expense	$	3,564	$	(2,959)	$	(9,221)
Interest rate cap contracts	Interest expense	—		—		(1,568)