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Stockholders' Equity (Tables)
6 Months Ended
Jun. 30, 2016
Equity [Abstract]  
Components of accumulated other comprehensive loss
The components of accumulated other comprehensive loss, net of tax, are as follows (in thousands):
 
Balance as of
December 31,
2015
 
Net
Change
 
Balance as of
June 30,
2016
Foreign currency translation adjustment (“CTA”) loss
$
(523,709
)
 
$
(182,462
)
 
$
(706,171
)
Unrealized gain on cash flow hedges
11,153

 
7,942

 
19,095

Unrealized gain (loss) on available-for-sale securities
(139
)
 
895

 
756

Net investment hedge CTA gain
4,484

 
38,884

 
43,368

Net actuarial gain (loss) on defined benefit plans
(848
)
 
14

 
(834
)
 
$
(509,059
)
 
$
(134,727
)
 
$
(643,786
)
Stock-Based compensation expense recognized in company's condensed consolidated statement of operations
The following table presents, by operating expense category, the Company’s stock-based compensation expense recognized in the Company’s condensed consolidated statement of operations (in thousands):
 
Three months ended
June 30,
 
Six months ended
June 30,
 
2016
 
2015
 
2016
 
2015
Cost of revenues
$
3,441

 
$
2,551

 
$
6,438

 
$
4,857

Sales and marketing
10,714

 
9,922

 
20,485

 
18,633

General and administrative
25,168

 
21,520

 
46,915

 
41,116

 
$
39,323

 
$
33,993

 
$
73,838

 
$
64,606