Financial Derivatives (Tables)

6 Months Ended

Jun. 30, 2019

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Deferred Gains (Losses) and Related Taxes on Cash Flow Hedges

The deferred gains (losses) and related taxes on the Company’s cash flow hedges recorded in “Accumulated other comprehensive income (loss)” (“AOCI”) in the accompanying Condensed Consolidated Balance Sheets were as follows (in thousands):

	June 30, 2019			December 31, 2018
Deferred gains (losses) in AOCI	$	2,733		$	(1,825	)
Tax on deferred gains (losses) in AOCI		(97	)		(39	)
Deferred gains (losses) in AOCI, net of taxes	$	2,636		$	(1,864	)
Deferred gains (losses) expected to be reclassified to "Revenues"    from AOCI during the next twelve months	$	2,733

Outstanding Foreign Currency Forward Contracts, Options and Embedded Derivatives

The Company had the following outstanding foreign currency forward contracts and options, and embedded derivatives (in thousands):

	June 30, 2019				December 31, 2018
Contract Type	Notional Amount in USD		Settle Through Date		Notional Amount in USD		Settle Through Date
Cash flow hedges:
Options:
US Dollars/Philippine Pesos	$	41,250	June 2020		$	26,250	December 2019
Forwards:
US Dollars/Philippine Pesos		6,000	September 2019			39,000	September 2019
US Dollars/Costa Rican Colones		42,000	June 2020			67,000	December 2019
Euros/Hungarian Forints		1,569	December 2019			—		—
Euros/Romanian Leis		8,427	December 2019			—		—
Non-designated hedges:
Forwards		20,031	November 2021			19,261	November 2021
Embedded derivatives		—		—		14,069	April 2030

Derivative Instruments Fair Value

The following tables present the fair value of the Company’s derivative instruments included in the accompanying Condensed Consolidated Balance Sheets (in thousands):

		Derivative Assets
	Balance Sheet Location	June 30, 2019		December 31, 2018
Derivatives designated as cash    flow hedging instruments:
Foreign currency contracts	Other current assets	$	3,167	$	1,038
Derivatives not designated as    hedging instruments:
Foreign currency contracts	Other current assets		55		30
Foreign currency contracts	Deferred charges and other assets		43		—
Embedded derivatives	Other current assets		—		10
Total derivative assets		$	3,265	$	1,078
		Derivative Liabilities
	Balance Sheet Location	June 30, 2019		December 31, 2018
Derivatives designated as cash    flow hedging instruments:
Foreign currency contracts	Other accrued expenses and current liabilities	$	7	$	2,604
Derivatives not designated as    hedging instruments:
Foreign currency contracts	Other accrued expenses and current liabilities		165		247
Foreign currency contracts	Other long-term liabilities		—		44
Embedded derivatives	Other accrued expenses and current liabilities		—		8
Embedded derivatives	Other long-term liabilities		—		361
Total derivative liabilities		$	172	$	3,264

Effect of the Company's Derivative Instruments

The following table presents the effect of the Company’s derivative instruments included in the accompanying condensed consolidated financial statements (in thousands):

	Location of Gains	Three Months Ended June 30,						Six Months Ended June 30,
	(Losses) in Net Income	2019			2018			2019			2018
Revenues		$	389,006		$	396,785		$	791,931		$	811,156
Derivatives designated as cash    flow hedging instruments:
Gains (losses) recognized in AOCI:
Foreign currency contracts			3,586			(305	)		4,769			(3,001	)
Gains (losses) reclassified from AOCI:
Foreign currency contracts	Revenues		631			193			130			436
Derivatives not designated as    hedging instruments:
Gains (losses) recognized from foreign       currency contracts	Other income (expense), net	$	(432	)	$	(93	)	$	(465	)	$	(1,262	)
Gains (losses) recognized from embedded       derivatives	Other income (expense), net		—			(252	)		—			(165	)
		$	(432	)	$	(345	)	$	(465	)	$	(1,427	)