XML 56 R42.htm IDEA: XBRL DOCUMENT v3.10.0.1
Derivative Instruments And Hedging Activities (Tables)
 12 Months Ended
Dec. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of balance sheet location and fair value of derivative instruments designated as hedging instruments
The following table presents the balance sheet location and fair value of our derivative instruments that were designated as hedging instruments (in thousands): 
 
December 31,
 
2018
 
2017
 
Balance Sheet
Location
 
Fair
Value
 
Balance Sheet
Location
 
Fair
Value
Asset Derivative Instruments:
 
 
 
 
 
 
 
Interest rate swaps
Other current assets
 
$
863

 
Other current assets
 
$
311

Interest rate swaps
Other assets, net
 
201

 
Other assets, net
 
655

 
 
 
$
1,064

 
 
 
$
966

 
 
 
 
 
 
 
 
Liability Derivative Instruments:
 
 
 
 
 
 
Foreign exchange contracts
Accrued liabilities
 
$
5,857

 
Accrued liabilities
 
$
7,492

Foreign exchange contracts
Other non-current liabilities
 
354

 
Other non-current liabilities
 
4,975

 
 
 
$
6,211

 
 
 
$
12,467
Schedule of balance sheet location and fair value of derivative instruments not designated as hedging instruments
The following table presents the balance sheet location and fair value of our derivative instruments that were not designated as hedging instruments (in thousands): 
 
December 31,
 
2018
 
2017
 
Balance Sheet
Location
 
Fair
Value
 
Balance Sheet
Location
 
Fair
Value
Liability Derivative Instruments:
 
 
 
 
 
 
Foreign exchange contracts
Accrued liabilities
 
$
3,454

 
Accrued liabilities
 
$
3,133

Foreign exchange contracts
Other non-current liabilities
 
530

 
Other non-current liabilities
 
3,175

 
 
 
$
3,984

 
 
 
$
6,308
Schedule of unrealized gain (loss) recognized in OCI
The following tables present the impact that derivative instruments designated as hedging instruments had on our accumulated OCI (net of tax) and our consolidated statements of operations (in thousands). We estimate that as of December 31, 2018, $4.0 million of net losses in accumulated OCI associated with our derivative instruments is expected to be reclassified into earnings within the next 12 months.
 
Unrealized Gain (Loss) Recognized in OCI
 
Year Ended December 31,
 
2018
 
2017
 
2016
 
 
 
 
 
 
Foreign exchange contracts
$
(1,453
)
 
$
2,672

 
$
3,630

Interest rate swaps
606

 
651

 
(1,264
)
 
$
(847
)
 
$
3,323

 
$
2,366
Schedule of gain (loss) reclassified from accumulated OCI into earnings
 
Location of Gain (Loss)
Reclassified from
Accumulated OCI
into Earnings
 
Gain (Loss) Reclassified from
Accumulated OCI into Earnings
 
 
Year Ended December 31,
 
 
2018
 
2017
 
2016
 
 
 
 
 
 
 
 
Foreign exchange contracts
Cost of sales
 
$
(7,709
)
 
$
(12,300
)
 
$
(10,827
)
Interest rate swaps
Net interest expense
 
508

 
(615
)
 
(2,024
)
 
 
 
$
(7,201
)
 
$
(12,915
)
 
$
(12,851
)
Schedule of impact of derivative instruments not designated as hedging instruments on consolidated statements of operations
The following table presents the impact that derivative instruments not designated as hedging instruments had on our consolidated statements of operations (in thousands): 
 
Location of Gain (Loss)
Recognized in Earnings
 
Gain (Loss) Recognized in Earnings
 
 
Year Ended December 31,
 
 
2018
 
2017
 
2016
 
 
 
 
 
 
 
 
Foreign exchange contracts
Other income (expense), net
 
$
(901
)
 
$
818

 
$
1,198

 
 
 
$
(901
)
 
$
818

 
$
1,198