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FAIR VALUE (Tables)
6 Months Ended
Jun. 30, 2018
Fair Value Disclosures [Abstract]  
Summary of assets and liabilities measured at fair value on a recurring basis
The following table provides a summary of assets and liabilities as of June 30, 2018, measured at fair value on a recurring basis:
Description
 
Balance as of
June 30, 2018
 
Quoted Prices
in Active
Markets for
Identical Assets
or Liabilities
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Assets:
 
 

 
 

 
 

 
 

Foreign exchange contracts
 
$
3,494

 
$

 
$
3,494

 
$

Net investment contracts
 
608

 

 
608

 

Marketable securities
 
139,059

 

 
139,059

 

Total assets
 
$
143,161

 
$

 
$
143,161

 
$

 
 
 
 
 
 
 
 
 
Liabilities:
 
 

 
 

 
 

 
 

Foreign exchange contracts
 
$
3,201

 
$

 
$
3,201

 
$

Net investment contracts
 
46

 

 
46

 

Interest rate swap agreements
 
9,106

 

 
9,106

 

Contingent considerations
 
7,294

 

 

 
7,294

Deferred compensation
 
26,955

 

 
26,955

 

Total liabilities
 
$
46,602

 
$

 
$
39,308

 
$
7,294








The following table provides a summary of assets and liabilities as of December 31, 2017, measured at fair value on a recurring basis:
Description
 
Balance as of December 31, 2017
 
Quoted Prices
in Active
Markets for
Identical Assets
or Liabilities
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Assets:
 
 

 
 

 
 

 
 

Foreign exchange contracts
 
$
2,776

 
$

 
$
2,776

 
$

Marketable securities
 
179,125

 

 
179,125

 

Total assets
 
$
181,901

 
$

 
$
181,901

 
$

 
 
 
 
 
 
 
 
 
Liabilities:
 
 

 
 

 
 

 
 

Foreign exchange contracts
 
$
4,351

 
$

 
$
4,351

 
$

Interest rate swap agreements
 
5,085

 

 
5,085

 

Contingent considerations
 
7,086

 

 

 
7,086

Deferred compensation
 
25,397

 

 
25,397

 

Total liabilities
 
$
41,919

 
$

 
$
34,833

 
$
7,086