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Derivative Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2019
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, 2019
 
December 31, 2018
Derivatives designated as hedging instruments under ASC 815-20
 
In thousands
Interest rate swap contract
 
Other current assets
 
$
346

 
$
1,866

Interest rate cap contracts
 
Other current assets
 
43

 
535

Foreign exchange options
 
Other current assets
 
493

 

Cross currency swap contract
 
Other current assets
 
1,212

 
1,631

Interest rate swap contract
 
Other long-term assets
 

 
746

Interest rate cap contracts
 
Other long-term assets
 

 
251

Cross currency swap contract
 
Other long-term assets
 
4,163

 
1,339

Derivatives not designated as hedging instruments under ASC 815-20
 
 
 
 
Foreign exchange forward contracts
 
Other current assets
 
57

 
157

Total asset derivatives
 
 
 
$
6,314

 
$
6,525

 
 
 
 
 
 
 
Derivative Liabilities
 
 
 
 
 
 
Derivatives not designated as hedging instruments under ASC 815-20
 
 
 
 
Foreign exchange forward contracts
 
Other current liabilities
 
$
100

 
$
337


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 designated as hedging instruments, net of tax, were as follows:
In thousands
2019
 
2018
Net unrealized loss on hedging instruments at January 1,
$
(13,179
)
 
$
(13,414
)
Unrealized gain (loss) on hedging instruments
4,995

 
4,770

Realized (gains) losses reclassified into net income (loss)
(5,799
)
 
(2,207
)
Net unrealized loss on hedging instruments at September 30,
$
(13,983
)
 
$
(10,851
)

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
 
 
In thousands
 
Derivative Financial Instruments
 
Cash Collateral Received
 
Net Amount
September 30, 2019
$
6,314

 
$
(45
)
 
$

 
$
6,269

December 31, 2018
6,525

 
(103
)
 

 
6,422


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
 
 
In thousands
 
Derivative Financial Instruments
 
Cash Collateral Pledged
 
Net Amount
September 30, 2019
$
100

 
$
(45
)
 
$

 
$
55

December 31, 2018
337

 
(103
)
 

 
234


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 ASC 815-20
Cash Flow
Hedging Relationships
 
Amount of Gain (Loss)
Recognized in OCI on
Derivative
 
Gain (Loss) Reclassified from 
AOCI into Income
Location
 
Amount
In thousands
 
2019
 
2018
 
 
 
2019
 
2018
Three Months Ended September 30,
 
 
 
 
 
 
 
 
 
 
Interest rate swap contracts
 
$
13

 
$
302

 
Interest expense
 
$
359

 
$
314

Interest rate cap contracts
 
356

 
(220
)
 
Interest expense
 
252

 
(149
)
Foreign exchange options
 
1,011

 

 
Product cost of revenues
 
289

 

Cross currency swap contract
 
2,703

 
599

 
Interest expense
 
387

 
363

Cross currency swap contract
 

 

 
Other income/(expense), net
 
2,168

 
(733
)
 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30,
 
 
 
 
 
 
 
 
 
 
Interest rate swap contract
 
$
(987
)
 
$
2,062

 
Interest expense
 
$
1,278

 
$
649

Interest rate cap contracts
 
646

 
149

 
Interest expense
 
849

 
(685
)
Foreign exchange options
 
1,229

 

 
Product cost of revenues
 
451

 

Cross currency swap contract
 
4,126

 
2,975

 
Interest expense
 
1,297

 
570

Cross currency swap contract
 

 

 
Other income/(expense), net
 
2,453

 
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 ASC 815-20
 
Location
 
Gain (Loss) Recognized on Derivatives in Other Income (Expense)
In thousands
 
 
 
2019
 
2018
Three Months Ended September 30,
 
 
 
 
Foreign exchange forward contracts
 
Other income (expense), net
 
$
(329
)
 
$
(1,149
)
Interest rate cap contracts
 
Interest expense
 

 

 
 
 
 
 
 
 
Nine Months Ended September 30,
 
 
 
 
 
 
Foreign exchange forward contracts
 
Other income (expense), net
 
$
(1,241
)
 
$
964

Interest rate cap contracts
 
Interest expense
 

 
377