Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2020

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 March 31, 2020 and December 31, 2019, (in thousands). 

	Fair Value		Level 1		Level 2		Level 3
March 31, 2020
Assets:
Repurchase agreements	$	334,565	$	—	$	334,565	$	—
Money market	56,056		—		56,056		—
Certificates of deposit	12,126		—		12,126		—
Trading securities	20,583		20,583		—		—
Foreign exchange contracts	136,343		—		136,343		—
Total assets	$	559,673	$	20,583	$	539,090	$	—
Cash collateral for foreign exchange derivative contracts	$	40,212	$	—	$	—	$	—
Liabilities:
Interest rate swaps	$	115,355	$	—	$	115,355
Foreign exchange derivative contracts	218,170		—		218,170		—
Total liabilities	$	333,525	$	—	$	333,525	$	—
Cash collateral obligation for foreign exchange contracts	$	130,166	$	—	$	—	$	—
December 31, 2019
Assets:
Repurchase agreements	$	833,658	$	—	$	833,658	$	—
Money market	54,978		—		54,978		—
Certificates of deposit	27,022		—		27,022		—
Trading Securities	22,955		22,955		—		—
Foreign exchange derivative contracts	72,076		—		72,076		—
Total assets	$	1,010,689	$	22,955	$	987,734	$	—
Cash collateral for foreign exchange derivative contracts	$	6,086	$	—	$	—	$	—
Liabilities:
Interest rate swaps	$	56,418	$	—	$	56,418	$	—
Foreign exchange contracts	60,909		—		60,909		—
Total liabilities	$	117,327	$	—	$	117,327	$	—
Cash collateral obligation for foreign exchange contracts	$	25,618	$	—	$	—	$	—