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Hedging (Tables)
6 Months Ended
Jun. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Cash Flow Hedging Instruments
The following table summarizes the notional amount of the Company’s outstanding foreign currency forward contracts designated as cash flow hedges:
 
As of June 30, 2015
 
As of December 31, 2014
Foreign Currency
(in thousands)
Euro
$
102,796

 
$
20,209

British pound sterling
82,960

 
13,515

Australian dollar
25,993

 

Total foreign currency forward contracts
$
211,749

 
$
33,724

Schedule of Foreign Exchange Contracts
The following table summarizes the fair value of the Company's outstanding foreign currency forward contracts designated as cash flow hedges under GAAP included on the Company's condensed consolidated balance sheets:
As of June 30, 2015
Assets
 
Liabilities
Classification
 
Fair Value
 
Classification
 
Fair Value
(in thousands)
Prepaid and other current assets
 
$
1,087

 
Other liabilities, current portion
 
$
(2,737
)
Other assets
 

 
Other liabilities, excluding current portion
 
(313
)
Total assets
 
$
1,087

 
Total liabilities
 
$
(3,050
)
As of December 31, 2014
Assets
 
Liabilities
Classification
 
Fair Value
 
Classification
 
Fair Value
(in thousands)
Prepaid and other current assets
 
$
2,011

 
Other liabilities, current portion
 
$

Total assets
 
$
2,011

 
Total liabilities
 
$

Derivatives Offsetting
The following table summarizes the potential effect of offsetting derivatives by type of financial instrument on the Company's condensed consolidated balance sheets:
 
As of June 30, 2015
 
Gross Amounts Recognized
 
Gross Amounts Offset
 
Gross Amount Presented
 
Gross Amount Not Offset
 
Legal Offset
Foreign currency forward contracts
(in thousands)
Total assets
$
1,087

 
$

 
$
1,087

 
$
(1,087
)
 
$

Total liabilities
$
(3,050
)
 
$

 
$
(3,050
)
 
$
1,087

 
$
(1,963
)
 
As of December 31, 2014
 
Gross Amounts Recognized
 
Gross Amounts Offset
 
Gross Amount Presented
 
Gross Amount Not Offset
 
Legal Offset
Foreign currency forward contracts
(in thousands)
Total assets
$
2,011

 
$

 
$
2,011

 
$

 
$
2,011