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Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2017
Fair Value Disclosures [Abstract]  
Financial Assets and Liabilities Measured at Fair Value
The following table presents the Company’s financial assets and liabilities which are measured at fair values on a recurring basis as of December 31, 2017 and 2016, (in thousands):
 
 
 
Fair Value
 
Level 1
 
Level 2
 
Level 3
December 31, 2017
 
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
 
Repurchase agreements
 
$
420,838

 
$
—

 
$
420,838

 
$
—

Money market
 
50,423

 
—

 
50,423

 
—

Certificates of deposit
 
7,417

 
—

 
7,417

 
—

Foreign exchange contracts
 
39,045

 
10

 
39,035

 
—

Total cash equivalents
 
$
517,723


$
10


$
517,713


$
—

Cash collateral for foreign exchange contracts
 
$
12,540

 
$
—

 
$
—

 
$
—

Liabilities:
 
 
 
 
 
 
 
 
Foreign exchange contracts
 
$
26,888

 
$
67

 
$
26,821

 
$
—

Total liabilities
 
$
26,888

 
$
67

 
$
26,821

 
$
—

Cash collateral obligation for foreign exchange contracts
 
$
10,882

 
$
—

 
$
—

 
$
—

 
 
 
 
 
 
 
 
 
December 31, 2016
 
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
 
Repurchase agreements
 
$
232,131

 
$
—

 
$
232,131

 
$
—

Money market
 
50,179

 
—

 
50,179

 
—

Certificates of deposit
 
48

 
—

 
48

 
—

Total cash equivalents
 
$
282,358


$
—


$
282,358


$
—