Derivative Instruments (Tables)

3 Months Ended

Mar. 31, 2018

Derivative Instruments, Gain (Loss) [Line Items]

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

As of March 31, 2018 and December 31, 2017, the fair value carrying amount of the Company's derivative instruments are recorded as follows (dollars in thousands):

		Asset / (Liability) Derivatives
Derivatives designated as hedging instruments	Balance Sheet Caption	March 31, 2018			December 31, 2017
Net Investment Hedges
Cross-currency swaps	Other long-term liabilities	$	(9,340	)	$	(4,110	)

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance

The following table summarizes the loss recognized in AOCI on derivative contracts designated as hedging instruments as of March 31, 2018 and December 31, 2017, and the amounts reclassified from AOCI into earnings for the three months ended March 31, 2018 and 2017 (dollars in thousands):

	Amount of Loss Recognized in AOCI on Derivative (Effective Portion, net of tax)							Amount of Loss Reclassified from AOCI into Earnings
									Three months ended March 31,
	As of March 31, 2018			As of December 31, 2017			Location of Loss Reclassified from AOCI into Earnings (Effective Portion)		2018		2017
Net Investment Hedges
Cross-currency swaps	$	(7,210	)	$	(3,170	)	Other expense, net		$	—	$	—
Cash Flow Hedges
Interest rate swaps	$	—		$	—		Interest expense		$	—	$	(250	)

Over the next 12 months, the Company does not expect to reclassify any pre-tax deferred losses from AOCI into earnings.

T

Fair Value Measurements, Recurring and Nonrecurring

air value measurements and the fair value hierarchy level for the Company's assets and liabilities measured at fair value on a recurring basis as of March 31, 2018 and December 31, 2017 are shown below (dollars in thousands):  

	Description	Frequency	Asset / (Liability)			Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
March 31, 2018	Cross-currency swaps	Recurring	$	(9,340	)	$	—	$	(9,340	)	$	—
December 31, 2017	Cross-currency swaps	Recurring	$	(4,110	)	$	—	$	(4,110	)	$	—