Derivatives (Tables)

9 Months Ended

Sep. 30, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Gain (Loss) Recorded in Other Expense (Income), Net in Consolidated Statements of Income

The following table sets forth the net gain (loss) recorded in other expense (income), net in the Consolidated Statements of Income for the three and nine month periods ended September 30, 2018 and 2017 for non-designated derivatives held by the Company. Such amounts were substantially offset by the net (gain) loss recorded on the underlying hedged asset or liability, also recorded in other expense (income), net.

	Three months ended September 30,					Nine months ended September 30,
	2018		2017			2018			2017
Foreign exchange contracts	$	1,380	$	(2,545	)	$	(6,218	)	$	(12,949	)

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)

The following table sets forth the gain (loss) recorded in accumulated other comprehensive income (loss), net of tax, for the three and nine month periods ended September 30, 2018 and 2017 for derivatives held by the Company and designated as hedging instruments.

	Three months ended September 30,				Nine months ended September 30,
	2018		2017		2018			2017
Cash flow hedges:
Interest rate contracts	$	378	$	97	$	2,064		$	(167	)
Foreign exchange contracts	697		238		(178		)	43
	$	1,075	$	335	$	1,886		$	(124	)

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The following table sets forth the fair value amounts of derivative instruments held by the Company.

	September 30, 2018					December 31, 2017
	Asset Derivatives		Liability Derivatives			Asset Derivatives		Liability Derivatives
Derivatives designated as hedging instruments:
Interest rate contracts	$	3,362	$	—		$	654	$	—
Foreign exchange contracts	—		(608		)	—		(379		)
Derivatives not designated as hedging instruments:
Foreign exchange contracts	305		(956		)	58		(29		)
Total derivatives	$	3,667	$	(1,564	)	$	712	$	(408	)