Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair value of outstanding derivative contracts recorded as assets and liabilities

The fair value of outstanding derivative contracts recorded as assets and liabilities on the Consolidated Balance Sheets was as follows:

(In thousands)	Balance Sheet Location	Fair Value of Derivatives Designated as Hedging Instruments		Fair Value of Derivatives Not Designated as Hedging Instruments		Total Fair Value
December 31, 2018
Asset derivatives (Level 2):
Foreign currency exchange forward contracts	Other current assets	$	2,970	$	589	$	3,559
Interest rate swaps	Other current assets	1,331		—		1,331
Interest rate swaps	Other assets	128		—		128
Total		$	4,429	$	589	$	5,018
Liability derivatives (Level 2):
Foreign currency exchange forward contracts	Other current liabilities	$	24	$	2,910	$	2,934
Interest rate swaps	Other liabilities	1,849		—		1,849
Total		$	1,873	$	2,910	$	4,783
December 31, 2017
Asset derivatives (Level 2):
Foreign currency exchange forward contracts	Other current assets	$	2,329	$	2,915	$	5,244
Interest rate swaps	Other current assets	464		—		464
Interest rate swaps	Other assets	170		—		170
Total		$	2,963	$	2,915	$	5,878
Liability derivatives (Level 2):
Foreign currency exchange forward contracts	Other current liabilities	$	153	$	6,970	$	7,123
Interest rate swaps	Other liabilities	1,368		—		1,368
Total		$	1,521	$	6,970	$	8,491

Effect of derivative instruments on the Consolidated Statements of Operations and the Consolidated Statements of Comprehensive Income (Loss)

The effect of derivative instruments on the Consolidated Statements of Operations and the Consolidated Statements of Comprehensive Income (Loss):

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
Twelve Months Ended December 31, 2018:
Foreign currency exchange forward contracts	$	1,935			Product revenues / Cost of services and products sold	$	(374	)			$	—
Foreign currency forward exchange contracts	—				Retained earnings	(1,520		)	(b)		—
Interest rate swaps	1,451				Interest expense	(1,108		)			—
Cross-currency interest rate swaps	63			(a)	Interest expense	1,264					—
	$	3,449				$	(1,738	)			$	—
Twelve Months Ended December 31, 2017:
Foreign currency exchange forward contracts	$	3,547			Product revenues/Cost of services and products sold	$	(954	)			$	—
Interest rate swaps	(734		)			—					—
Cross-currency interest rate swaps	(205		)	(a)	Interest expense	1,002				Cost of services and products sold	420		(c)
	$	2,608				$	48				$	420
Twelve Months Ended December 31, 2016:
Foreign currency exchange forward contracts	$	2,294			Cost of services and products sold	$	(410	)			$	—
Cross-currency interest rate swaps	(1,549		)			—				Cost of services and products sold	4,042		(c)
	$	745				$	(410	)			$	4,042

(a) Amounts represent changes in foreign currency translation related to balances in Accumulated other comprehensive loss.

(b) The Company has adopted the new revenue recognition standard utilizing the modified retrospective transition method, including use of practical expedients. See Note 2, Recently Adopted and Recently Issued Accounting Standards for additional information.

(c) 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 Derivatives	Amount of Gain (Loss) Recognized in Income on Derivatives for the Twelve Months Ended December 31(d)
(In thousands)		2018		2017			2016
Foreign currency exchange forward contracts	Cost of services and products sold	$	17,262	$	(23,572	)	$	15,875

(d)

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

Derivatives Not Designated as Hedging Instruments

Derivatives Not Designated as Hedging Instruments

	Location of Gain (Loss) Recognized in Income on Derivatives	Amount of Gain (Loss) Recognized in Income on Derivatives for the Twelve Months Ended December 31(d)
(In thousands)		2018		2017			2016
Foreign currency exchange forward contracts	Cost of services and products sold	$	17,262	$	(23,572	)	$	15,875

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