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Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2018
Equity [Abstract]  
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,
2017
 
Net
Change
 
Cumulative Effect Adjustment
 
Balance as of
March 31,
2018
Foreign currency translation adjustment ("CTA") gain (loss)
$
(576,860
)
 
$
145,851

 
$

 
$
(431,009
)
Unrealized loss on cash flow hedges (1)
(24,191
)
 
(4,080
)
 

 
(28,271
)
Unrealized gain (loss) on available-for-sale securities (2)
2,124

 

 
(2,124
)
 

Net investment hedge CTA loss (1)
(185,303
)
 
(72,635
)
 

 
(257,938
)
Net actuarial gain (loss) on defined benefit plans (3)
(959
)
 
8

 

 
(951
)
Total
$
(785,189
)
 
$
69,144

 
$
(2,124
)
 
$
(718,169
)

 
 
(1) 
Refer to Note 5 for a discussion of the amounts reclassified from accumulated other comprehensive loss to net income.
(2) 
Upon adoption of ASU 2016-01 during the three months ended March 31, 2018, the Company recorded a net cumulative effect adjustment of $2.1 million from accumulated other comprehensive loss to retained earnings.
(3) 
The Company has a defined benefit pension plan covering all employees in one country where such plan is 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 statements of operations (in thousands):
 
Three Months Ended
March 31,
 
2018
 
2017
Cost of revenues
$
3,899

 
$
2,911

Sales and marketing
11,706

 
10,972

General and administrative
26,931

 
24,440

Total
$
42,536

 
$
38,323