Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2017

Components of Accumulated Other Comprehensive Loss

The changes in accumulated other comprehensive loss, net of tax, by components are as follows (in thousands):



	Balance as of December 31, 2016			Net Change			Balance as of March 31, 2017
Foreign currency translation adjustment ("CTA") gain (loss)	$	(1,031,129	)	$	106,938		$	(924,191	)
Unrealized gain (loss) on cash flow hedges ⁽¹⁾	30,704			(11,727		)	18,977
Unrealized gain (loss) on available-for-sale securities ⁽²⁾	2,110			(265		)	1,845
Net investment hedge CTA gain (loss)	49,989			(28,551		)	21,438
Net actuarial gain (loss) on defined benefit plans ⁽³⁾	(816		)	11			(805		)
Total	$	(949,142	)	$	66,406		$	(882,736	)


⁽¹⁾	Refer to Note 6 for a discussion of the amounts reclassified from accumulated other comprehensive income (loss) to net income (loss).


⁽²⁾	There weren't any realized gains and losses that were reclassified from accumulated other comprehensive income (loss) to net income (loss) for the three months ended March 31, 2017.

⁽³⁾

The Company has a defined benefit pension plan covering all employees in one country where such plans are mandated by law. The Company does not have any defined benefit plans in any other countries. The unamortized gain (loss) on defined benefit plans includes gains or losses resulting from a change in the value of either the projected benefit obligation or the plan assets resulting from a change in an actuarial assumption, net of amortization.

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 March 31,
	2017		2016
Cost of revenues	$	2,911	$	2,997
Sales and marketing	10,972		9,771
General and administrative	24,440		21,747
Total	$	38,323	$	34,515