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Fair Value Measurements - Fair Value of Assets and Liabilities Measured on Recurring Basis, Including Derivative Instruments (Detail) - Fair Value, Measurements, Recurring - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Derivative instruments, assets [1],[2] $ 37,296 $ 44,099
Deferred compensation plan assets [1],[3] 9,141 1,613
Total, assets 46,437 45,712
Earn-out consideration [4],[5] 3,463 17,073
Derivative instruments, liabilities [2],[4] 21,927 35,245
Deferred compensation plan liability [4],[6] 8,994 1,582
Total, liabilities 34,384 53,900
Fair Value, Inputs, Level 2    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Derivative instruments, assets [1],[2] 37,296 44,099
Total, assets 37,296 44,099
Derivative instruments, liabilities [2],[4] 21,927 35,245
Total, liabilities 21,927 35,245
Fair Value, Inputs, Level 3    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Deferred compensation plan assets [1],[3] 9,141 1,613
Total, assets 9,141 1,613
Earn-out consideration [4],[5] 3,463 17,073
Deferred compensation plan liability [4],[6] 8,994 1,582
Total, liabilities $ 12,457 $ 18,655
[1] Included in “prepaid expenses and other current assets” and “other assets” in the consolidated balance sheets.
[2] The Company values its derivative instruments based on market observable inputs, including both forward and spot prices for the relevant currencies and interest rate indices for relevant interest rates. The quotes are taken from an independent market database.
[3] Deferred compensation plan assets consist of life insurance policies held under a Rabbi Trust. Assets held in the Rabbi Trust are valued based on the cash surrender value of the insurance contract, which is determined based on the fair value of the underlying assets included in the insurance portfolio and are therefore classified within level 3 of the fair value hierarchy.
[4] Included in “accrued expenses and other current liabilities” and “other liabilities” in the consolidated balance sheets.
[5] The fair value of earn-out consideration, calculated as the present value of expected future payments to be made to the sellers of acquired businesses, was derived by estimating the future financial performance of the acquired businesses using the earn-out formula and performance targets specified in each purchase agreement and adjusting the result to reflect the Company’s estimate of the likelihood of achievement of such targets. Given the significance of the unobservable inputs, the valuations are classified in level 3 of the fair value hierarchy.
[6] The fair value of the deferred compensation plan liability is derived based on the fair value of the underlying assets in the insurance portfolio and is therefore classified within level 3 of the fair value hierarchy.