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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2017
Fair Value Disclosures [Abstract]  
Summary of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis
Financial assets and liabilities measured at fair value on a recurring basis are summarized below (in thousands):
 
Fair Value Measurements as of
September 30, 2017
 
Level 1
 
Level 2
 
Level 3
 
Total
Assets
 
 
 
 
 
 
 
Foreign currency exchange contracts
$

 
$
2,097

 
$

 
$
2,097

Interest rate cap contracts

 
2,724

 

 
2,724

Liabilities
 
 
 
 
 
 
 
Foreign currency exchange contracts

 
(2,248
)
 

 
(2,248
)
Interest rate swap agreements

 
(40
)
 

 
(40
)
Contingent consideration

 

 
(10,382
)
 
(10,382
)
Temporary Equity
 
 
 
 
 
 
 
Redeemable noncontrolling interest

 

 
(160,663
)
 
(160,663
)
 
Fair Value Measurements as of
December 31, 2016
 
Level 1
 
Level 2
 
Level 3
 
Total
Assets
 
 
 
 
 
 
 
Foreign currency exchange contracts
$

 
$
1,122

 
$

 
$
1,122

Liabilities
 
 
 
 
 
 
 
Foreign currency exchange contracts

 
(1,360
)
 

 
(1,360
)
Interest rate swap agreements

 
(131
)
 

 
(131
)
Contingent consideration

 

 
(2,531
)
 
(2,531
)
Temporary Equity
 
 
 
 
 
 
 
Redeemable noncontrolling interest

 

 
(45,755
)
 
(45,755
)
Summary of Roll forward of the Fair Value of Contingent Consideration
The following table provides a roll forward of the fair value of contingent consideration for the periods ended September 30, 2017 and December 31, 2016 (in thousands):
 
Amount
Balance at December 31, 2015
$
10,403

Change in fair value of contingent consideration
(7,602
)
Effect of foreign currency translation
(270
)
Balance at December 31, 2016
2,531

Issuance of contingent consideration in connection with acquisition
10,544

Change in fair value of contingent consideration
(2,392
)
Payment of contingent consideration
(781
)
Effect of foreign currency translation
480

Balance at September 30, 2017
$
10,382

Components of the Change in the Redeemable Non-controlling Interest
The components of the change in the redeemable noncontrolling interest for the periods ended September 30, 2017 and December 31, 2016 are presented in the following table (in thousands):
 
Amount
Balance at December 31, 2015
$
38,624

Addition to redeemable noncontrolling interest
826

Redemption of redeemable noncontrolling interest
(3,562
)
Net loss attributable to redeemable noncontrolling interest
(47,831
)
Adjustment of the redeemable noncontrolling interest to fair value
74,194

Effect of foreign currency translation attributable to redeemable noncontrolling interest
(16,496
)
Balance at December 31, 2016
45,755

Addition to redeemable noncontrolling interest
277

Net income attributable to redeemable noncontrolling interest
3,238

Adjustment of the redeemable noncontrolling interest to fair value
107,959

Effect of foreign currency translation attributable to redeemable noncontrolling interest
3,434

Balance at September 30, 2017
$
160,663