Derivatives and Hedging Instruments (Tables)

6 Months Ended

Jun. 30, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Fair Value of Derivative Instruments as Recorded on Company's Consolidated Statements of Financial Condition

The following table summarizes the fair value of derivative instruments as recorded in the Company’s condensed consolidated statements of financial condition (in thousands):



	June 30, 2017				December 31, 2016
	Balance Sheet Location	Fair Value			Balance Sheet Location	Fair Value
Derivatives designated as hedging instruments:
Foreign currency exchange contracts	Other assets	$	2,117		Other assets	$	707
Foreign currency exchange contracts	Other liabilities	—			Other liabilities	(51		)
Interest rate swap agreements	Other liabilities	(56		)	Other liabilities	(131		)
Derivatives not designated as hedging instruments:
Foreign currency exchange contracts	Other assets	1,631			Other assets	415
Foreign currency exchange contracts	Other liabilities	—			Other liabilities	(1,309		)

Summary of Effects of Derivatives in Cash Flow Hedging Relationships in Company's Statements of Operations

The following table summarizes the effects of derivatives in cash flow hedging relationships not designated as hedging instruments on the Company’s condensed consolidated statements of income for the three and six months ended June 30, 2017 and 2016 (in thousands):



Derivatives Not Designated as Hedging Instruments	Location of Gain or (Loss) Recognized in income on Derivative	Amount of Gain or (Loss) Recognized in Income on Derivative
		Three Months Ended June 30,				Six Months Ended June 30,
		2017		2016		2017		2016
Foreign currency exchange contracts ⁽¹⁾	Other income (expense)	$	2,875	$	1,990	$	2,623	$	7,376
Interest rate swap agreements	Interest expense	33		35		110		44

________________________


(1)	After the effect of income tax and noncontrolling interest, the net impact of the derivative contracts to consolidated net income from continuing operations attributable to Encore was a gain of $1.0 million and $0.9 million during the three and six months ended June 30, 2017, respectively, compared to

The following table summarizes the effects of derivatives in cash flow hedging relationships designated as hedging instruments on the Company’s condensed consolidated statements of income for the three and six months ended June 30, 2017 and 2016 (in thousands):



Derivatives Designated as Hedging Instruments	Gain or (Loss) Recognized in OCI- Effective Portion					Location of Gain or (Loss) Reclassified from OCI into Income - Effective Portion	Gain or (Loss) Reclassified from OCI into Income - Effective Portion				Location of Gain or (Loss) Recognized - Ineffective Portion and Amount Excluded from Effectiveness Testing	Amount of Gain or (Loss) Recognized - Ineffective Portion and Amount Excluded from Effectiveness Testing
	Three Months Ended June 30,						Three Months Ended June 30,					Three Months Ended June 30,
	2017		2016				2017		2016			2017		2016
Foreign currency exchange contracts	$	1,146	$	(207	)	Salaries and employee benefits	$	297	$	274	Other (expense) income	$	—	$	—
Foreign currency exchange contracts	160		(36		)	General and administrative expenses	27		46		Other (expense) income	—		—
Interest rate swap agreements	14		—			Interest expense	33		—		Other (expense) income	—		—



Derivatives Designated as Hedging Instruments	Gain or (Loss) Recognized in OCI- Effective Portion					Location of Gain or (Loss) Reclassified from OCI into Income - Effective Portion	Gain or (Loss) Reclassified from OCI into Income - Effective Portion				Location of Gain or (Loss) Recognized - Ineffective Portion and Amount Excluded from Effectiveness Testing	Amount of Gain or (Loss) Recognized - Ineffective Portion and Amount Excluded from Effectiveness Testing
	Six Months Ended June 30,						Six Months Ended June 30,					Six Months Ended June 30,
	2017		2016				2017		2016			2017		2016
Foreign currency exchange contracts	$	1,735	$	295		Salaries and employee benefits	$	472	$	532	Other (expense) income	$	—	$	—
Foreign currency exchange contracts	240		(190		)	General and administrative expenses	41		69		Other (expense) income	—		—
Interest rate swap agreements	19		—			Interest expense	110		—		Other (expense) income	—		—