Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2017

Fair Value of Gross Position of Derivative Contracts in Consolidated Balance Sheets

The following table presents the location and amounts of derivative instrument fair values in the Condensed Consolidated Balance Sheets:



	June 30, 2017			December 31, 2016
Assets/(liabilities)
Designated as hedging instruments:
Gross amounts recognized	$	(2,573	)	$	1,029
Gross amounts offset	336			—
Net amounts	$	(2,237	)	$	1,029
Not designated as hedging instruments:
Gross amounts recognized	(253		)	109
Gross amounts offset	120			(76		)
Net amounts	$	(133	)	$	33
Net amounts presented:
Accrued current liabilities	$	(2,098	)	$	—
Other long-term liabilities	$	(272	)	$	—
Other current assets	$	—		$	1,062

Gains and Losses on Derivative Instruments in Condensed Consolidated Statement of Operations

The following table presents the location and amount of gains and losses on derivative instruments in the Condensed Consolidated Statements of Income:



	Three Months Ended June 30,						Six Months Ended June 30,
Derivatives Designated as Cash Flow Hedges	2017			2016			2017			2016
Amount of Loss Recognized in Other Comprehensive Income on Derivatives (Effective Portion)	$	(2,335	)	$	(312	)	$	(2,724	)	$	(4,356	)
Amount of Gain (Loss) Reclassified from Cumulative Other Comprehensive Loss into Income (Effective Portion)	343			(17		)	353			1,395



	Location of (Loss) Gain Recognized in Income on Derivatives	Amount of (Loss) Gain
		Recognized in Income on Derivatives
		Three Months Ended					Six Months Ended
		June 30,					June 30,
Derivatives not Designated as Hedging Instruments		2017			2016		2017			2016
Foreign exchange contracts	Other non-operating (expense) income	$	(759	)	$	585	$	(1,405	)	$	(315	)

Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table presents the Company’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis:



	June 30, 2017
	Total Assets (Liabilities)			Quoted Prices in Active Markets for Identical Assets Level (1)			Significant Other Observable Inputs Level (2)			Significant Unobservable Inputs Level (3)
Foreign Currency Derivative Instruments	$	(2,370	)	$	—		$	(2,370	)	$	—
Stock-based Liabilities	$	(16,729	)	$	(16,729	)	$	—		$	—



	December 31, 2016
	Total Assets (Liabilities)			Quoted Prices in Active Markets for Identical Assets Level (1)			Significant Other Observable Inputs Level (2)		Significant Unobservable Inputs Level (3)
Foreign Currency Derivative Instruments	$	1,062		$	—		$	1,062	$	—
Stock-based Liabilities	$	(20,336	)	$	(20,336	)	$	—	$	—