Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2019

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Summary of Effect of Derivative Financial Instruments on the Condensed Consolidated Statements of Operations

The tables below sets forth the effect of the Company’s derivative financial instruments on the condensed consolidated statements of operations for the three months ended June 30, 2019 and 2018:

	Amount of Gain or (Loss) Recognized in OCI on Derivative					Location of Gain or (Loss) Reclassified from Accumulated OCI into Income	Amount of Gain or (Loss) Reclassified from Accumulated OCI into Net Income				Location of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion  Excluded from Effectiveness Testing)	Amount of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing)
Derivative Instruments Designated as Hedging Instruments
	June 30,						June 30,					June 30,
	2019			2018			2019		2018			2019		2018
Three Months Ended
Interest rate swaps and collars	$	(1,920	)	$	1,103	Interest expense	$	456	$	175	N/A		-		-
Cross currency swaps	$	2,052		$	-	N/A		-		-	Interest income	$	233	$	-
Six Months Ended
Interest rate swaps and collars	$	(3,010	)	$	3,507	Interest expense	$	925	$	227	N/A		-		-
Cross currency swaps	$	(298	)	$	-	N/A		-		-	Interest income	$	688	$	-

Summary of Outstanding Foreign Currency Forward Contracts

The table below sets forth outstanding foreign currency forward contracts at June 30, 2019 and December 31, 2018:

Notional Amount		Effective Date	Maturity Date	Index*	Weighted Average Foreign Exchange Rate	Balance Sheet Hedge Designation
$	1,983	June 2019	August 2019	EUR/GBP	0.896	Non-designated
	5,072	June 2019	August 2019	EUR/USD	1.1415	Non-designated
	7,819	June 2019	August 2019	GBP/USD	1.2725	Non-designated
	38,834	June 2019	August 2019	USD/CNY	6.8648	Non-designated
	1,022	June 2019	August 2019	USD/JPY	107.515	Non-designated
	21,305	June 2019	August 2019	USD/TWD	30.899	Non-designated
	500	January 2019	October 2019	USD/TWD	30.635	Non-designated
	500	January 2019	January 2020	USD/TWD	30.635	Non-designated
	500	January 2019	November 2019	USD/TWD	30.705	Non-designated
$	77,535
Notional Amount		Effective Date	Maturity Date	Index*	Weighted Average Foreign Exchange Rate	Balance Sheet Hedge Designation
$	1,221	December 2018	February 2019	EUR/GBP	0.8981	Non-designated
	12,538	December 2018	February 2019	EUR/USD	1.1479	Non-designated
	8,463	December 2018	February 2019	GBP/USD	1.2785	Non-designated
	44,946	December 2018	February 2019	USD/CNY	6.8738	Non-designated
	844	December 2018	February 2019	USD/JPY	110.14	Non-designated
	54,041	December 2018	February 2019	USD/TWD	30.559	Non-designated
	300	December 2018	January 2019	USD/TWD	30.669	Non-designated
$	122,353
*  EUR = Euro
GBP = British Pound Sterling
USD = United States Dollar
CNY = Chinese Yuan Renminbi
JPY =  Japan Yen
TWD = Taiwan dollar

Summary of Information Related to Number of and Notional Amount of Interest Rate Related Derivative Instruments

Hedges of Interest Rate and Net Investment Risk - The Company’s objective in using interest rate swaps and collars is to minimize the risks associated with its floating rate debt. The Company makes use of cross currency swaps to decrease the foreign exchange risk inherent in the Company’s investment in its foreign subsidiaries. To accomplish these objectives, the Company uses the instruments detailed in the table below, measured in U.S. dollar equivalents:

	Number of Instruments		Notional Amount
	June 30, 2019	December 31, 2018	June 30, 2019		December 31, 2018
Interest rate swaps and collars	12	12	$	210,000	$	210,000

Summary of Fair Value of Derivative Financial Instruments, Excluding Adjustments for Performance Risk and Their Classification on Condensed Consolidated Balance Sheets

The table below sets forth the fair value of the Company’s derivative financial instruments, excluding adjustments for performance risk, if any, as well as their classification on our condensed consolidated balance sheets:

	Other Current Assets				Other Assets				Other Current Liabilities				Other Liabilities
	June 30, 2019		December 31, 2018		June 30, 2019		December 31, 2018		June 30, 2019		December 31, 2018		June 30, 2019		December 31, 2018
Interest rate swaps and collars	$	643	$	1,936	$	96	$	2,795	$	23	$	-	$	207	$	-