XML 46 R34.htm IDEA: XBRL DOCUMENT v3.7.0.1
FINANCIAL INSTRUMENTS (Tables)
 6 Months Ended
Jun. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair Value of Derivative Financial Instruments in Consolidated Balance Sheet
Fair Values of Derivative Financial Instruments in the Consolidated Balance Sheets:
 
Fair Values of Derivative Instruments
 
Assets
 
Liabilities
 
Balance Sheet
 
June 30,
2017
 
December 31,
2016
 
Balance Sheet
 
June 30,
2017
 
December 31,
2016
 
Classification
 
Fair Value
 
Fair Value
 
Classification
 
Fair Value
 
Fair Value
Derivatives not designated as hedging instruments:
 
 
 
 
 
 
 
 
FX Contracts(ii)   
Prepaid expenses and other
 
$
1.7

 
$
2.3

 
Accrued Expenses
 
$
2.5

 
$
1.1

2013 Interest Rate Swap(i)
Prepaid expenses and other
 
$
—

 
$
—

 
Accrued expenses and other
 
$
2.7

 
$
3.7

 
Other assets
 
$
—

 
$
—

 
Other long-term liabilities
 
$
—

 
$
1.0


(i) The fair values of the 2013 Interest Rate Swap at June 30, 2017 and December 31, 2016 were measured based on the implied forward rates from the U.S. Dollar three-month LIBOR yield curve at June 30, 2017 and December 31, 2016, respectively.

(ii) The fair values of the FX Contracts at June 30, 2017 and December 31, 2016 were measured based on observable market transactions of spot and forward rates at June 30, 2017 and December 31, 2016, respectively.
Effects of Derivative Financial Instruments on Income and Other Comprehensive Income (Loss)
Effects of Derivative Financial Instruments on the Consolidated Statements of Operations and Comprehensive (Loss) Income for the three and six months ended June 30, 2017 and 2016:
 
Amount of Gain (Loss) Recognized in Other Comprehensive (Loss) Income
Three Months Ended June 30,

Six Months Ended June 30,
2017

2016

2017

2016
Derivatives previously designated as hedging instruments:
 
 
 
 
 
 
 
2013 Interest Rate Swap, net of tax (a)
$
0.6

 
$
0.2

 
$
1.2

 
$
(0.7
)
(a) Net of tax expense (benefit) of $0.3 million and $0.1 million for the three months ended June 30, 2017 and 2016, respectively, and $0.7 million and $(0.4) million for the six months ended June 30, 2017 and 2016, respectively.
 
Statement of Operations Classification
Amount of Gain (Loss) Recognized in Net (Loss) Income
Three Months Ended June 30,
 
Six Months Ended June 30,
2017
 
2016
 
2017
 
2016
Derivatives designated as hedging instruments:
 
 
 
 
 
 
 
2013 Interest Rate Swap
Interest Expense
$
(1.0
)
 
$
(1.1
)
 
$
(2.0
)
 
$
(2.2
)
Derivatives not designated as hedging instruments:
 
 
 
 
 
 
 
FX Contracts
Foreign currency gain (loss), net
$
(1.2
)
 
$
0.3

 
$
(1.6
)
 
$
(0.5
)
2013 Interest Rate Swap
Miscellaneous, net
$
(0.3
)
 
$
—

 
$
(0.1
)
 
$
—