Derivative and Hedging Activities (Tables)

6 Months Ended

Jun. 30, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of gains (losses) on derivative instruments

The impact on accumulated other comprehensive loss and earnings from derivative instruments that qualified as cash flow hedges for the three and six months ended June 30, 2017 was as follows (in thousands):

	Three Months Ended June 30,					Six Months Ended June 30,
Interest Rate Contracts:	2017			2016		2017			2016
Loss recognized in accumulated other comprehensive loss, net of tax	$	(1,320	)	$	—	$	(2,175	)	$	—
Loss reclassified from accumulated other comprehensive loss to interest expense, net of tax	$	594		$	—	$	827		$	—

Schedule of the fair value of outstanding derivatives

The following table summarizes the fair value of outstanding derivatives as of June 30, 2017 (in thousands):

	June 30, 2017
	Asset Derivatives			Liability Derivatives
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Derivatives designated as hedging instruments:
Interest rate contracts	Other non-current assets	$	21	Accrued liabilities	$	1,600
Derivatives not designated as hedging instruments:
Foreign exchange forward contracts	Other current assets	8,984		Accrued liabilities	—
Total fair value of derivative instruments		$	9,005		$	1,600

Schedule of offsetting assets

The following table summarizes the potential effect on our condensed consolidated balance sheets of offsetting our interest rate contracts and foreign exchange forward contracts subject to such provisions (in thousands):

	June 30, 2017
	Gross Amounts of Recognized Assets/Liabilities			Gross Amounts Offset in the Consolidated Balance Sheet		Net Amounts of Assets/Liabilities Presented in the Consolidated Balance Sheet			Gross Amounts Not Offset in the Consolidated Balance Sheet
Description									Derivative Financial Instruments			Cash Collateral Received (Pledged)		Net Amount
Derivative assets	$	1,139		$	—	$	1,139		$	(394	)	$	—	$	745
Derivative liabilities	(394		)	—		(394		)	394			—		—

Schedule of offsetting liabilities

The following table summarizes the potential effect on our condensed consolidated balance sheets of offsetting our interest rate contracts and foreign exchange forward contracts subject to such provisions (in thousands):

	June 30, 2017
	Gross Amounts of Recognized Assets/Liabilities			Gross Amounts Offset in the Consolidated Balance Sheet		Net Amounts of Assets/Liabilities Presented in the Consolidated Balance Sheet			Gross Amounts Not Offset in the Consolidated Balance Sheet
Description									Derivative Financial Instruments			Cash Collateral Received (Pledged)		Net Amount
Derivative assets	$	1,139		$	—	$	1,139		$	(394	)	$	—	$	745
Derivative liabilities	(394		)	—		(394		)	394			—		—