Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2017

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, 2017, and December 31, 2016 and the balance sheet lines in which they are recorded:

	Fair Value Asset (Liability)
	March 31, 2017			December 31, 2016			Balance Sheet Caption
Foreign currency forward	$	665		$	1,058		Prepaid / Other assets
Foreign currency forward	(700		)	(705		)	Other accrued expenses

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

	Three Months Ended March 31,
	2017			2016
Loss on euro-denominated debt	$	(30,521	)	$	(6,165	)
Tax benefit	10,682			2,158
Net loss on net investment hedges, net of tax	$	(19,839	)	$	(4,007	)

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, 2017 and December 31, 2016:

	March 31, 2017		December 31, 2016
	Level 2		Level 2
Assets:
Foreign currency cash flow hedges	$	665	$	1,058
Liabilities:
Foreign currency cash flow hedges	700		705