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Foreign currency translation
12 Months Ended
Dec. 31, 2016
Foreign Currency [Abstract]  
Foreign currency translation
Foreign currency translation
During the years ended December 31, 2016, 2015 and 2014, the company recorded foreign exchange losses related to its Venezuelan subsidiary of $0.4 million, $8.4 million and $7.4 million, respectively. At December 31, 2016, the company's operations in Venezuela had an immaterial amount of net monetary assets denominated in local currency.
During the years ended December 31, 2016, 2015 and 2014, the company recognized foreign exchange gains (losses) in “Other income (expense), net” in its consolidated statements of income of $2.3 million, $8.1 million and $(7.0) million, respectively.