Derivative Instruments, Hedging Activities and Fair Value (Tables)

3 Months Ended

Mar. 31, 2015

Derivative Instruments, Hedging Activities And Fair Value Disclosure [Abstract]

Schedule of fair value of outstanding derivative contracts

The fair values of outstanding derivative contracts recorded as assets and liabilities on the Condensed Consolidated Balance Sheets at March 31, 2015 and December 31, 2014 was as follows:

	Asset Derivatives			Liability Derivatives
(In thousands)	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
March 31, 2015
Derivatives designated as hedging instruments:
Foreign currency forward exchange contracts	Other current assets	$	902		$	—
Cross-currency interest rate swaps	Other assets	90,541		Other liabilities	17
Total derivatives designated as hedging instruments		$	91,443		$	17
Derivatives not designated as hedging instruments:
Foreign currency forward exchange contracts	Other current assets	$	5,479	Other current liabilities	$	3,334

	Asset Derivatives			Liability Derivatives
(In thousands)	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
December 31, 2014
Derivatives designated as hedging instruments:
Foreign currency forward exchange contracts	Other current assets	$	420		$	—
Cross-currency interest rate swaps	Other assets	52,989		Other liabilities	2,599
Total derivatives designated as hedging instruments		$	53,409		$	2,599
Derivatives not designated as hedging instruments:
Foreign currency forward exchange contracts	Other current assets	$	4,065	Other current liabilities	$	4,618

Schedule of effect of derivative instruments

he effect of derivative instruments on the Condensed Consolidated Statements of Operations and the Condensed Consolidated Statements of Comprehensive Income (Loss) for the three months endedMarch 31, 2015 and 2014 was as follows:

Derivatives Designated as Hedging Instruments

(In thousands)	Amount of  Gain (Loss) Recognized in Other Comprehensive Income  (“OCI”)  on Derivative - Effective  Portion			Location of Gain (Loss) Reclassified from Accumulated OCI into Income - Effective Portion	Amount of Gain (Loss) Reclassified  from Accumulated OCI into  Income - Effective  Portion			Location of Gain (Loss) Recognized  in Income on  Derivative - Ineffective Portion and Amount Excluded from Effectiveness Testing	Amount of  Gain (Loss)  Recognized  in Income  on Derivative - Ineffective  Portion and  Amount Excluded from Effectiveness  Testing
Three Months Ended March 31, 2015:
Foreign currency forward exchange contracts	$	475		Cost of services and products sold	$	1			$	—
Cross-currency interest rate swaps	8,621				—			Cost of services and products sold	30,742			(a)
	$	9,096			$	1			$	30,742
Three Months Ended March 31, 2014:
Foreign currency forward exchange contracts	$	11		Cost of services and products sold	$	(2	)		$	—
Cross-currency interest rate swaps	(4,360		)		—			Cost of services and products sold	(1,574		)	(a)
	$	(4,349	)		$	(2	)		$	(1,574	)

(a)  These gains (losses) offset foreign currency fluctuation effects on the debt principal.

Derivatives Not Designated as Hedging Instruments

	Location of Gain (Loss) Recognized in Income on Derivative	Amount of Gain (Loss) Recognized in Income on Derivative for the Three Months Ended March 31 (b)
(In thousands)		2015		2014
Foreign currency forward exchange contracts	Cost of services and products sold	$	4,755	$	1,556

(b)  These gains offset amounts recognized in cost of services and products sold principally as a result of intercompany or third party foreign currency exposures.

Summary of notional amount of foreign currency exchange contracts and cross-currency interest rate swaps

The following table indicates the contractual amounts of the Company's cross-currency interest rate swaps at March 31, 2015:

			Interest Rates
(In millions)	Contractual Amount		Receive	Pay
Maturing 2018	$	250.0	Fixed U.S. dollar rate	Fixed euro rate
Maturing 2020	220.0		Fixed U.S. dollar rate	Fixed British pound sterling rate
Maturing 2016 through 2017	8.2		Floating U.S. dollar rate	Fixed rupee rate

The following tables summarize, by major currency, the contractual amounts of the Company’s foreign currency forward exchange contracts in U.S. dollars at March 31, 2015 and December 31, 2014.  The “Buy” amounts represent the U.S. dollar equivalent of commitments to purchase foreign currencies, and the “Sell” amounts represent the U.S. dollar equivalent of commitments to sell foreign currencies.  The recognized gains and losses offset amounts recognized in cost of services and products sold principally as a result of intercompany or third party foreign currency exposures.

Contracted Amounts of Foreign Currency Forward Exchange Contracts Outstanding at March 31, 2015:

(In thousands)	Type	U.S. Dollar Equivalent		Maturity	Recognized Gain (Loss)
British pounds sterling	Sell	$	163	April 2015	$	4
British pounds sterling	Buy	2,138		April 2015	(46		)
Euros	Sell	230,113		April 2015 through August 2015	1,473
Euros	Buy	210,841		April 2015 through July 2015	810
Other currencies	Sell	35,657		April 2015 through December 2015	840
Other currencies	Buy	7,955		April 2015	(34		)
Total		$	486,867		$	3,047

Contracted Amounts of Foreign Currency Forward Exchange Contracts Outstanding at December 31, 2014:

(In thousands)	Type	U.S. Dollar Equivalent		Maturity	Recognized Gain (Loss)
British pounds sterling	Sell	$	37,943	January 2015	$	179
British pounds sterling	Buy	2,783		January 2015	(4		)
Euros	Sell	193,370		January 2015 through March 2015	2,993
Euros	Buy	194,084		January 2015 through March 2015	(3,767		)
Other currencies	Sell	12,641		January 2015 through December 2015	439
Other currencies	Buy	28,001		January 2015 through June 2015	27
Total		$	468,822		$	(133	)

Schedule of fair value of financial instruments

The following table indicates the fair value hierarchy of the financial instruments of the Company at March 31, 2015 and December 31, 2014:

Level 2 Fair Value Measurements (In thousands)	March 31 2015		December 31 2014
Assets
Foreign currency forward exchange contracts	$	6,381	$	4,485
Cross-currency interest rate swaps	90,541		52,989
Liabilities
Foreign currency forward exchange contracts	3,334		4,618
Cross-currency interest rate swaps	17		2,599

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

The following tables reconciles the beginning and ending balances for liabilities measured on a recurring basis using unobservable inputs (Level 3) for the three months endedMarch 31, 2015:

Level 3 Liabilities—Unit Adjustment Liability (a) for the Three Months Ended March 31 (In thousands)	Three Months Ended
	March 31
	2015			2014
Balance at beginning of period	$	93,762		$	106,343
Payments	(5,580		)	(5,580		)
Change in fair value to the unit adjustment liability	2,245			2,546
Balance at end of period	$	90,427		$	103,308		(b)

(a) See Note 6, Equity Method Investments, for additional information related to the unit adjustment liability.

(b) Does not total due to rounding.