Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 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:



	June 30, 2018			December 31, 2017
Assets/(liabilities)
Designated as hedging instruments:
Gross amounts recognized	$	(1,717	)	$	(2,808	)
Gross amounts offset	1,897			168
Net amounts	$	180		$	(2,640	)
Not designated as hedging instruments:
Gross amounts recognized	(556		)	(684		)
Gross amounts offset	291			97
Net amounts	$	(265	)	$	(587	)
Net amounts presented:
Other current assets (accrued liabilities)	$	1,472		$	(1,893	)
Other long-term liabilities	$	(1,557	)	$	(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 June 30,					Six Months Ended June 30,
Derivatives Designated as Cash Flow Hedges	2018		2017			2018		2017
Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivatives (Effective Portion)	$	2,062	$	(2,335	)	$	2,708	$	(2,724	)
Amount of Gain Reclassified from Cumulative Other Comprehensive Loss into Income (Effective Portion)	1,592		343			98		353



	Location of Gain (Loss) Recognized in Income on Derivatives	Amount of Gain (Loss)
		Recognized in Income on Derivatives
		Three Months Ended					Six months ended
		June 30,					June 30,
Derivatives not Designated as Hedging Instruments		2018		2017			2018		2017
Foreign exchange contracts	Other non-operating expense	$	2,324	$	(759	)	$	43	$	(1,405	)

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 June 30, 2018 and December 31, 2017:



	June 30, 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	$	(85	)	$	—		$	(85	)	$	—
Stock-based Liabilities	$	(12,077	)	$	(12,077	)	$	—		$	—



	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	)	$	—		$	—