Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2018

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:



	March 31, 2018			December 31, 2017
Assets/(liabilities)
Designated as hedging instruments:
Gross amounts recognized	$	(2,733	)	$	(2,808	)
Gross amounts offset	1,302			168
Net amounts	$	(1,431	)	$	(2,640	)
Not designated as hedging instruments:
Gross amounts recognized	(577		)	(684		)
Gross amounts offset	149			97
Net amounts	$	(428	)	$	(587	)
Net amounts presented:
Other current assets (accrued liabilities)	$	675		$	(1,893	)
Other long-term liabilities	$	(2,534	)	$	(1,334	)

Gains and Losses on Derivative Instruments in Condensed Consolidated Statements of Income

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 March 31,
Derivatives Designated as Cash Flow Hedges	2018			2017
Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivatives (Effective Portion)	$	646		$	(389	)
Amount of (Loss) Gain Reclassified from Cumulative Other Comprehensive Loss into Income (Effective Portion)	(1,493		)	10



	Location of Loss Recognized in Income on Derivatives	Amount of Loss
		Recognized in Income on Derivatives
		Three Months Ended
		March 31,
Derivatives not Designated as Hedging Instruments		2018			2017
Foreign exchange contracts	Other non-operating expense	$	(2,281	)	$	(646	)

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 as of March 31, 2018 and December 31, 2017:



	March 31, 2018
	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	$	(1,859	)	$	—		$	(1,859	)	$	—
Stock-based Liabilities	$	(14,602	)	$	(14,602	)	$	—		$	—



	December 31, 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	$	(3,227	)	$	—		$	(3,227	)	$	—
Stock-based Liabilities	$	(16,713	)	$	(16,713	)	$	—		$	—