Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair value of derivative instruments and the balance sheet lines in which they are recorded

The following table sets forth the fair values of derivative instruments held by the Company as of March 31, 2016 and December 31, 2015 and the balance sheet lines in which they are recorded:

	Fair Value Asset (Liability)
	March 31, 2016			December 31, 2015			Balance Sheet Caption
Foreign currency forward / collar contracts	$	113		$	170		Prepaid / Other assets
Foreign currency forward / collar contracts	(416		)	(452		)	Other accrued expenses

Schedule of net investment hedges in accumulated other comprehensive income (loss)

Amounts recognized in other comprehensive earnings (loss) for the gains (losses) on its net investment hedges were as follows:

	Three Months Ended March 31,
	2016			2015
(Loss) gain on Euro-denominated debt	$	(6,165	)	$	35,350
Loss on Swiss franc cross-currency swap	—			(1,333		)
Total (loss) gain on net investment hedges before tax	(6,165		)	34,017
Tax benefit (expense)	2,158			(11,906		)
Net (loss) gain on net investment hedges, net of tax	$	(4,007	)	$	22,111

Assets and liabilities measured at fair value on a recurring basis

The following table presents the Company’s assets and liabilities measured at fair value on a recurring basis as of March 31, 2016 and December 31, 2015:

	March 31, 2016		December 31, 2015
	Level 2		Level 2
Assets:
Foreign currency cash flow hedges	$	113	$	170
Liabilities:
Foreign currency cash flow hedges	416		452