Derivative Instruments and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2016

Derivative Instruments and Hedging Activities

Schedule of notional amounts outstanding under foreign exchange contracts

The Company had the following notional amounts outstanding under foreign currency contracts at December 31, (in millions):

Buy	Notional Amount in Buy Currency		Sell	Maturity	Notional Amount in U.S. Dollars		Fair Value of Assets		Fair Value of Liabilities
December 31, 2016:
Euro		21.1	U.S. Dollars	January 2017	$	23.3	$	—	$	1.1
Swiss Francs		7.9	U.S. Dollars	January 2017		8.0		—		0.3
U.S. Dollars		4.0	Israel Shekel	January 2017		4.0		—		—
Israel Shekel		15.3	U.S. Dollars	January 2017		4.0		—		—
Euro		1.4	Polish Zloty	January 2017		1.4		—		—
					$	40.7	$	—	$	1.4
December 31, 2015:
Euro		21.1	U.S. Dollars	January 2016	$	24.2	$	—	$	1.2
Swiss Francs		5.9	U.S. Dollars	April 2016		6.0		—		0.1
U.S. Dollars		6.0	Israel Shekel	April 2016		6.0		—		—
					$	36.2	$	—	$	1.3

Schedule of fair value and balance sheet location of derivative instruments

The fair value of the derivative instruments described above are recorded in the consolidated balance sheets for the years ended December 31, 2016 and 2015 as follows (in millions):

	Balance Sheet Location	2016		2015
Derivative assets:
Embedded derivatives in purchase and delivery contracts	Other current assets	$	2.7	$	0.5
Fixed price commodity contracts	Other current assets		0.2		—
Embedded derivatives in purchase and delivery contracts	Other long-term assets		1.3		—
Derivative liabilities:
Foreign exchange contracts	Other current liabilities	$	1.4	$	1.3
Embedded derivatives in purchase and delivery contracts	Other current liabilities		0.3		0.5
Fixed price commodity contracts	Other current liabilities		—		0.4

Schedule of impact on net income of unrealized gains and losses resulting from changes in the fair value of derivative instruments

The impact on net income of unrealized gains and losses resulting from changes in the fair value of derivative instruments for the years ending December 31 are as follows (in millions) and are recorded within interest and other income (expense), net in the consolidated statements of income and comprehensive income (loss):

	2016			2015			2014
Foreign exchange contracts	$	(0.1	)	$	3.8		$	(7.4	)
Embedded derivatives in purchase and delivery contracts		3.7			(0.2	)		0.4
Fixed price commodity contracts		0.6			(0.2	)		(0.3	)
Income (expense), net	$	4.2		$	3.4		$	(7.3	)