Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2020

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	June 30, 2020		December 31, 2019
Derivatives designated as hedging instruments under ASC 815-20		In thousands
Interest rate swap contract	Other current assets	$	—	$	174
Interest rate cap contracts	Other current assets	—		1
Foreign exchange options	Other current assets	213		—
Cross currency swap contract	Other current assets	3,954		1,156
Cross currency swap contract	Other long-term assets	—		2,870
Derivatives not designated as hedging instruments under ASC 815-20
Foreign exchange forward contracts	Other current assets	112		96
Total asset derivatives		$	4,279	$	4,297
Derivative Liabilities
Derivatives designated as hedging instruments under ASC 815-20
Interest rate swap contracts	Other current liabilities	$	979	$	—
Interest rate swap contracts	Other long-term obligations	1,171		—
Derivatives not designated as hedging instruments under ASC 815-20
Foreign exchange forward contracts	Other current liabilities	166		162
Total liability derivatives		$	2,316	$	162

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	2020		2019
Net unrealized loss on hedging instruments at January 1,	$	(15,103)	$	(13,179)
Unrealized gain (loss) on hedging instruments	(1,914)		998
Realized (gains) losses reclassified into net income (loss)	(242)		(2,497)
Net unrealized loss on hedging instruments at June 30,	$	(17,259)	$	(14,678)

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
June 30, 2020	$	4,279	$	(204)	$	—	$	4,075
December 31, 2019	4,297		(56)		—		4,241

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
June 30, 2020	$	2,316	$	(204)	$	—	$	2,112
December 31, 2019	162		(56)		—		106

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	2020		2019			2020		2019
Three Months Ended June 30,
Interest rate swap contracts	$	(937)	$	(683)	Interest expense	$	(296)	$	453
Interest rate cap contracts	389		134		Interest expense	194		305
Foreign exchange options	(880)		(89)		Product cost of revenues	(161)		162
Cross currency swap contract	(898)		(585)		Interest expense	145		416
Cross currency swap contract	—		—		Other income/(expense), net	(714)		(607)
Six Months Ended June 30,
Interest rate swap contract	$	(2,516)	$	(1,001)	Interest expense	$	(193)	$	919
Interest rate cap contracts	782		290		Interest expense	392		597
Foreign exchange options	(969)		218		Product cost of revenues	(161)		162
Cross currency swap contract	357		1,423		Interest expense	450		910
Cross currency swap contract	—		—		Other income/(expense), net	(197)		285

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		2020		2019
Three Months Ended June 30,
Foreign exchange forward contracts	Other income (expense), net	$	(904)	$	(121)
Six Months Ended June 30,
Foreign exchange forward contracts	Other income (expense), net	$	589	$	(912)