Derivatives and Hedging Instruments (Tables)

9 Months Ended

Sep. 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):



	September 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	$	1,840		Other assets	$	707
Foreign currency exchange contracts	Other liabilities	—			Other liabilities	(51		)
Interest rate swap agreements	Other liabilities	(40		)	Other liabilities	(131		)
Derivatives not designated as hedging instruments:
Foreign currency exchange contracts	Other assets	257			Other assets	415
Foreign currency exchange contracts	Other liabilities	(2,248		)	Other liabilities	(1,309		)
Interest rate cap contracts	Other assets	2,724			Other assets	—

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 designated as hedging instruments on the Company’s condensed consolidated statements of operations for the three and nine months ended September 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 September 30,						Three Months Ended September 30,					Three Months Ended September 30,
	2017			2016			2017		2016			2017		2016
Foreign currency exchange contracts	$	(27	)	$	989	Salaries and employee benefits	$	286	$	151	Other (expense) income	$	—	$	—
Foreign currency exchange contracts	70			171		General and administrative expenses	35		26		Other (expense) income	—		—
Interest rate swap agreements	10			—		Interest expense	—		—		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
	Nine Months Ended September 30,						Nine Months Ended September 30,					Nine Months Ended September 30,
	2017		2016				2017		2016			2017		2016
Foreign currency exchange contracts	$	1,708	$	1,284		Salaries and employee benefits	$	758	$	683	Other (expense) income	$	—	$	—
Foreign currency exchange contracts	310		(19		)	General and administrative expenses	76		95		Other (expense) income	—		—
Interest rate swap agreements	29		—			Interest expense	110		—		Other (expense) income	—		—

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 operations for the three and nine months ended September 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 September 30,					Nine Months Ended September 30,
		2017			2016		2017		2016
Foreign currency exchange contracts	Other income (expense)	$	(833	)	$	3,330	$	1,790	$	10,706
Interest rate cap contracts	Interest expense	919			—		919		—
Interest rate swap agreements	Interest expense	—			39		110		83