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Stockholders' Equity (Tables)
9 Months Ended
Sep. 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
September 30,
2016
Foreign currency translation adjustment (“CTA”) loss
$
(523,709
)
 
$
(215,065
)
 
$
(738,774
)
Unrealized gain on cash flow hedges
11,153

 
3,789

 
14,942

Unrealized gain (loss) on available-for-sale securities
(139
)
 
2,382

 
2,243

Net investment hedge CTA gain
4,484

 
4,163

 
8,647

Net actuarial gain (loss) on defined benefit plans
(848
)
 
21

 
(827
)
 
$
(509,059
)
 
$
(204,710
)
 
$
(713,769
)
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
September 30,
 
Nine months ended
September 30,
 
2016
 
2015
 
2016
 
2015
Cost of revenues
$
3,316

 
$
2,514

 
$
9,754

 
$
7,371

Sales and marketing
11,702

 
9,173

 
32,187

 
27,806

General and administrative
27,455

 
22,282

 
74,370

 
63,398

 
$
42,473

 
$
33,969

 
$
116,311

 
$
98,575