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Fair Value Measurement (Tables)
 9 Months Ended
Sep. 30, 2016
Fair Value Disclosures [Abstract]  
Company's Financial Assets and Liabilities Measured at Fair Value and the Hierarchy of the Valuation Inputs
The following table presents information about the Company’s financial assets and liabilities that have been measured at fair value as of September 30, 2016, and indicates the fair value hierarchy of the valuation inputs utilized to determine such fair value (in thousands):
Description
 
Fair Value
as of
September 30,
2016
 
Quoted
Prices in
Active
Markets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
Assets:
 
 
 
 
 
 
Cash and cash equivalents and restricted cash
 
$
146,131

 
$
146,131

 
$
—

Available-for-sale investments (1)
 
651

 
651

 
—

Foreign currency exchange contracts (2)
 
18,060

 
—

 
18,060

Assets measured at fair value at September 30, 2016
 
$
164,842

 
$
146,782

 
$
18,060

Liabilities:
 
 
 
 
 
 
Foreign currency exchange contracts (3)
 
(1,270
)
 
—

 
(1,270
)
Liabilities measured at fair value at September 30, 2016
 
$
(1,270
)
 
$
—

 
$
(1,270
)

(1)
Included in “Short-term investments” on the Company’s Condensed Consolidated Balance Sheets.
(2)
Included in “Prepaid expenses and other current assets” and “Other non-current assets” on the Company’s Condensed Consolidated Balance Sheets.
(3)
Included in “Other accrued liabilities” and “Other non-current liabilities” on the Company’s Condensed Consolidated Balance Sheets.
Schedule of Notional Amounts of Outstanding Derivative Positions
As of September 30, 2016 and December 31, 2015, the Company had outstanding foreign currency exchange contracts that had been dedesignated for the purposes of hedge accounting treatment. The outstanding notional amounts were approximately (in millions):
 
September 30,
2016
 
December 31, 2015
British Pounds (GBP)
36.5

 
31.5

Euros (EUR)
—

 
3.8

Swiss Francs (CHF)
—

 
0.3

Japanese Yen (JPY)
—

 
274.0

As of September 30, 2016 and December 31, 2015, the Company had outstanding foreign currency exchange contracts that were designated and accounted for as cash flow hedges of anticipated future cash receipts on sales contracts payable in foreign currencies. The outstanding notional amounts were approximately (in millions):
 
 
September 30,
2016
 
December 31, 2015
British Pounds (GBP)
 
29.4

 
39.2

Euros (EUR)
 
8.5

 
6.0

Swiss Francs (CHF)
 
30.5

 
33.0

Canadian Dollars (CAD)
 
86.8

 
—

Japanese Yen (JPY)
 
2,230.9

 
—
Fair Values of Derivative Instruments and Balance Sheet Location
Fair values of derivative instruments designated as cash flow hedges (in thousands):
Hedge Classification
Balance Sheet Location
 
Fair Value
as of
September 30,
2016
 
Fair Value
as of
December 31,
2015
Foreign currency exchange contracts
Prepaid expenses and other current assets
 
$
11,650

 
$
3,956

Foreign currency exchange contracts
Other non-current assets
 
—

 
5,183

Foreign currency exchange contracts
Other accrued liabilities
 
(872
)
 
—

Foreign currency exchange contracts
Other non-current liabilities
 
(398
)
 
(2
)
Total fair value of derivative instruments designated as cash flow hedges
 
 
$
10,380

 
$
9,137

Fair values of derivative instruments not designated as cash flow hedges (in thousands):
Hedge Classification
Balance Sheet Location
 
Fair Value
as of
September 30,
2016
 
Fair Value
as of
December 31,
2015
Foreign currency exchange contracts
Prepaid expenses and other current assets
 
$
2,036

 
$
1,807

Foreign currency exchange contracts
Other non-current assets
 
4,374

 
656

Foreign currency exchange contracts
Other accrued liabilities
 
—

 
(1
)
Total fair value of derivative instruments not designated as cash flow hedges
 
 
$
6,410

 
$
2,462