Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 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 value on a recurring basis at June 30, 2020 and December 31, 2019, (in thousands). 

	Fair Value		Level 1		Level 2		Level 3
June 30, 2020
Assets:
Repurchase agreements	$	385,351	$	—	$	385,351	$	—
Money market	52,981		—		52,981		—
Certificates of deposit	4,023		—		4,023		—
Trading securities	54,293		54,293		—		—
Foreign exchange derivative contracts	101,918		—		101,918		—
Total assets	$	598,566	$	54,293	$	544,273	$	—
Cash collateral for foreign exchange derivative contracts	$	22,612	$	—	$	—	$	—
Liabilities:
Interest rate swaps	$	112,852	$	—	$	112,852
Foreign exchange derivative contracts	92,862		—		92,862		—
Total liabilities	$	205,714	$	—	$	205,714	$	—
Cash collateral obligation for foreign exchange derivative contracts	$	34,812	$	—	$	—	$	—
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 derivative contracts	60,909		—		60,909		—
Total liabilities	$	117,327	$	—	$	117,327	$	—
Cash collateral obligation for foreign exchange derivative contracts	$	25,618	$	—	$	—	$	—