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Accumulated Other Comprehensive Income
 9 Months Ended
Sep. 30, 2019
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Income ACCUMULATED OTHER COMPREHENSIVE INCOME

The changes in AOCI, net of tax, consisted of the following:
 
 
For the Nine Months Ended September 30, 2019
(in thousands)
 
Unrealized (Loss) Gain on Investments,
Net of Tax
 
Unrealized Gain (Loss)
on Derivative Instruments, Net of Tax
 
Unrealized (Loss) Gain on Net
Investment Hedge, Net of Tax
 
Cumulative Translation
Adjustment
 
Total

 
 

 
 

 
 

 
 

 
 
Balance as of December 31, 2018
 
$
(157
)
 
$
7,589

 
$
(394
)
 
$
(48,829
)
 
$
(41,791
)
Other comprehensive income (loss) before reclassifications
 
295

 
10,451

 
3,507

 
(12,231
)
 
2,022

Gains reclassified from accumulated other comprehensive income
 
—

 
(5,796
)
 
—

 
—

 
(5,796
)
Balance as of September 30, 2019
 
$
138

 
$
12,244

 
$
3,113

 
$
(61,060
)
 
$
(45,565
)


໿
 
 
For the Nine Months Ended September 30, 2018
(in thousands)
 
Unrealized (Loss) Gain on Investments,
Net of Tax
 
Unrealized (Loss) Gain
on Derivative Instruments, Net of Tax
 
Unrealized (Loss) Gain on Net
Investment Hedge, Net of Tax
 
Cumulative Translation
Adjustment
 
Total

 
 

 
 

 
 

 
 

 
 
Balance as of December 31, 2017
 
$
(22
)
 
$
(5,219
)
 
$
(4,311
)
 
$
(26,918
)
 
$
(36,470
)
Other comprehensive income (loss) before reclassifications
 
187

 
7,514

 
2,818

 
(18,172
)
 
(7,653
)
Losses reclassified from accumulated other comprehensive income
 
—

 
1,936

 
—

 
—

 
1,936

Balance as of September 30, 2018
 
$
165

 
$
4,231

 
$
(1,493
)
 
$
(45,090
)
 
$
(42,187
)


The following tables present components and amounts reclassified out of AOCI to net income:
(in thousands)
 
Affected Line Item in the Statements of Income
 
Amounts Reclassified from AOCI For the Three Months Ended September 30,

 
 
 
2019
 
2018
Gain on derivative instruments classified as cash flow hedges included in net income:
 
 
 
 
 
 
Foreign currency exchange contracts
 
Cost of revenue
 
$
3,171

 
$
256


 
Tax expense
 
688

 
153


 
Gain, net of tax
 
$
2,483

 
$
103

(in thousands)
 
Affected Line Item in the Statements of Income
 
Amounts Reclassified from AOCI For the Nine Months Ended September 30,

 
 
 
2019
 
2018
Gain (loss) on derivative instruments classified as cash flow hedges included in net income:
 
 
 
 
 
 
Foreign currency exchange contracts
 
Cost of revenue
 
$
7,091

 
$
(2,412
)

 
Tax expense (benefit)
 
1,295

 
(476
)

 
Gain (loss), net of tax
 
$
5,796

 
$
(1,936
)