Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The fair values of our derivative instruments were as follows:

		Fair Value
Derivative Assets	Balance Sheet Location	September 30, 2018		December 31, 2017
Derivatives designated as hedging instruments under Subtopic 815-20		(in thousands)
Interest rate swap contract	Other current assets	$	2,051	$	658
Interest rate cap contracts	Other current assets	607		17
Cross currency swap contract	Other current assets	1,711		—
Interest rate swap contract	Other long-term assets	1,733		1,712
Interest rate cap contracts	Other long-term assets	728		179
Cross currency swap contract	Other long-term assets	738		—
Derivatives not designated as hedging instruments under Subtopic 815-20
Foreign exchange forward contracts	Other current assets	69		41
Interest rate cap contracts	Other current assets	—		25
Interest rate cap contracts	Other long-term assets	—		268
Total asset derivatives		$	7,637	$	2,900
Derivative Liabilities
Derivatives not designated as hedging instruments under Subtopic 815-20
Foreign exchange forward contracts	Other current liabilities	$	240	$	289

Accumulated OCI for Derivative and Nonderivative Instruments Designated as Hedging Instruments, Net of Tax

The changes in accumulated other comprehensive income (loss) (AOCI), net of tax, for our derivative and nonderivative hedging instruments, were as follows:

	2018			2017
	(in thousands)
Net unrealized gain (loss) on hedging instruments at January 1,	$	(13,414	)	$	(14,337	)
Unrealized gain (loss) on hedging instruments	4,770			(295		)
Realized loss (gain) reclassified into net income	(2,207		)	482
Net unrealized gain (loss) on hedging instruments at September 30,	$	(10,851	)	$	(14,150	)

Offsetting Assets

A summary of the effect of netting arrangements on our financial position related to the offsetting of our recognized derivative assets and liabilities under master netting arrangements or similar agreements is as follows:

Offsetting of Derivative Assets	Gross Amounts of Recognized Assets Presented in the Consolidated Balance Sheets		Gross Amounts Not Offset in the Consolidated Balance Sheets
			Derivative Financial Instruments			Cash Collateral Received		Net Amount
	(in thousands)
September 30, 2018	$	7,637	$	(102	)	$	—	$	7,535
December 31, 2017	$	2,900	$	(90	)	$	—	$	2,810

Offsetting Liabilities

Offsetting of Derivative Liabilities	Gross Amounts of Recognized Liabilities Presented in the Consolidated Balance Sheets		Gross Amounts Not Offset in the Consolidated Balance Sheets
			Derivative Financial Instruments			Cash Collateral Pledged		Net Amount
	(in thousands)
September 30, 2018	$	240	$	(102	)	$	—	$	138
December 31, 2017	$	289	$	(90	)	$	—	$	199

Effect of Cash Flow Derivatives on the Balance Sheet and Income Statement, Before Tax

The before-tax effects of our accounting for derivative instruments designated as hedges on AOCI were as follows:

Derivatives in Subtopic 815-20 Cash Flow Hedging Relationships	Amount of Gain (Loss) Recognized in OCI on Derivative						Gain (Loss) Reclassified from  AOCI into Income
							Location	Amount
	2018			2017				2018			2017
	(in thousands)							(in thousands)
Three Months Ended September 30,
Interest rate swap contract	$	302		$	81		Interest expense	$	314		$	(92	)
Interest rate cap contracts	(220		)	(24		)	Interest expense	(149		)	(55		)
Cross currency swap contract	599			—			Interest expense	363			—
Cross currency swap contract	—			—			Other income/(expense), net	(733		)	—
Nine Months Ended September 30,
Interest rate swap contract	$	2,062		$	(255	)	Interest expense	$	649		$	(637	)
Interest rate cap contracts	149			(225		)	Interest expense	(685		)	(148		)
Cross currency swap contract	2,975			—			Interest expense	570			—
Cross currency swap contract	—			—			Other income/(expense), net	1,635			—

Foreign Exchange Derivatives Not Designated As Hedging Instruments

The effect of our derivative instruments not designated as hedges on the Consolidated Statements of Operations was as follows:

Derivatives Not Designated as Hedging Instrument under Subtopic 815-20	Location	Gain (Loss) Recognized on Derivatives in Other Income (Expense)
		2018			2017
Three Months Ended September 30,		(in thousands)
Foreign exchange forward contracts	Other income (expense), net	$	(1,149	)	$	(1,760	)
Interest rate cap contracts	Interest expense	—			(36		)
Nine Months Ended September 30,
Foreign exchange forward contracts	Other income (expense), net	$	964		$	(5,565	)
Interest rate cap contracts	Interest expense	377			(337		)