Fair Value Measurements (Tables)

9 Months Ended

Sep. 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 September 30, 2020 and December 31, 2019, (in thousands). 

	Fair Value		Level 1		Level 2		Level 3
September 30, 2020
Assets:
Repurchase agreements	$	312,939	$	—	$	312,939	$	—
Money market	46,846		—		46,846		—
Certificates of deposit	172		—		172		—
Foreign exchange derivative contracts	97,799		—		97,799		—
Total assets	$	457,756	$	—	$	457,756	$	—
Cash collateral for foreign exchange derivative contracts	$	18,984	$	—	$	—	$	—
Liabilities:
Interest rate swaps	$	100,722	$	—	$	100,722
Foreign exchange derivative contracts	79,141		—		79,141		—
Total liabilities	$	179,863	$	—	$	179,863	$	—
Cash collateral obligation for foreign exchange derivative contracts	$	24,234	$	—	$	—	$	—
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	$	—	$	—	$	—