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Derivative Instruments (Tables)
12 Months Ended
Dec. 31, 2016
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Assets at Fair Value

The following table presents information related to the Company’s derivative instruments as of December 31, 2015 (dollars in thousands):

Non-designated derivatives:

 

 

 

As of December 31, 2015

 

 

 

 

 

 

 

Gross Amounts

 

 

Gross Amounts

 

 

Net Amounts of Assets

 

 

 

 

 

 

 

of Recognized

 

 

Offset in the

 

 

Presented in the

 

 

 

Notional

 

 

Financial

 

 

Consolidated

 

 

Consolidated Balance

 

Forward currency exchange contracts

 

Amount

 

 

Instruments

 

 

Balance Sheets(1)

 

 

Sheets(2)

 

Assets

 

$

58,723

 

 

$

151

 

 

$

 

 

$

151

 

Liabilities

 

$

 

 

$

 

 

$

 

 

$

 

   

(1)

As of December 31, 2015, the Company had no gross amounts of recognized derivative instruments that the Company makes an accounting policy election not to offset. In addition, there was no financial collateral related to the Company’s derivatives. The Company has no assets or liabilities that are subject to an enforceable master netting agreement or similar arrangement.

(2)

Represents the fair value of forward currency contracts, which is recorded in “Accounts payable and accrued expenses” in the consolidated balance sheets.

Effect Of Derivative Instruments

The following table presents information on the effect of derivative instruments on the consolidated results of operations and AOCI for years ended December 31, 2016, 2015 and 2014 (dollars in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gains (Losses)

 

 

 

Gains (Losses)

 

 

Gains (Losses)

 

 

Reclassified From

 

 

 

Recognized in Income

 

 

Recognized in AOCI

 

 

AOCI into Income

 

 

 

Year Ended December 31,

 

 

Year Ended December 31,

 

 

Year Ended December 31,

 

 

 

2016

 

 

2015

 

 

2014

 

 

2016

 

 

2015

 

 

2014

 

 

2016

 

 

2015

 

 

2014

 

Non-designated derivatives:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Forward currency exchange contracts(1)

 

$

3,020

 

 

$

4,525

 

 

$

287

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

Total

 

$

3,020

 

 

$

4,525

 

 

$

287

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

   

(1)

The gains (losses) on these derivatives substantially offset the (losses) gains on the hedged portion of the foreign intercompany balances.