Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2019

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 at September 30, 2019 and December 31, 2018, (in thousands). 

	Fair Value		Level 1		Level 2		Level 3
September 30, 2019
Assets:
Repurchase agreements	$	738,355	$	—	$	738,355	$	—
Money market	55,973		—		55,973		—
Certificates of deposit	21,304		—		21,304		—
Foreign exchange derivative contracts	50,914		—		50,914		—
Total assets	$	866,546	$	—	$	866,546	$	—
Cash collateral for foreign exchange derivative contracts	$	7,145	$	—	$	—	$	—
Liabilities:
Interest rate swaps	$	69,519	$	—	$	69,519
Foreign exchange derivative contracts	50,895		—		50,895		—
Total liabilities	$	120,414	$	—	$	120,414	$	—
Cash collateral obligation for foreign exchange derivative contracts	$	13,517	$	—	$	—	$	—
December 31, 2018
Assets:
Repurchase agreements	$	581,293	$	—	$	581,293	$	—
Money market	50,644		—		50,644		—
Certificates of deposit	22,412		—		22,412		—
Foreign exchange derivative contracts	68,814		21		68,793		—
Total assets	$	723,163	$	21	$	723,142	$	—
Cash collateral for foreign exchange derivative contracts	$	9,644	$	—	$	—	$	—
Liabilities:
Foreign exchange derivative contracts	$	72,125	$	—	$	72,125	$	—
Total liabilities	$	72,125	$	—	$	72,125	$	—
Cash collateral obligation for foreign exchange derivative contracts	$	73,140	$	—	$	—	$	—