Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Fair Values of the Company's Derivative Instruments and the Line Items on the Consolidated Balance Sheets

The fair values of the Company’s derivative instruments and the line items on the unaudited condensed consolidated balance sheets to which they were recorded as of June 30, 2019 and December 31, 2018 are summarized as follows:

		As of					As of
Derivative Assets	Balance Sheet Location	June 30, 2019		December 31, 2018		Balance Sheet Location	June 30, 2019		December 31, 2018
		(In thousands)					(In thousands)
Derivative assets not designated as hedging instruments	Prepaid expenses and other current assets	$	554	$	784	Other accrued liabilities	$	330	$	331
Derivative assets designated as hedging instruments	Prepaid expenses and other current assets	41		2		Other accrued liabilities	—		37
Total		$	595	$	786		$	330	$	368

Schedule of Offsetting of Derivative Assets

The following tables set forth the offsetting of derivative assets as of June 30, 2019 and December 31, 2018:

As of June 30, 2019							Gross Amounts Not Offset on the Condensed Consolidated Balance Sheets
	Gross Amounts of Recognized Assets		Gross Amounts Offset on the Condensed Consolidated Balance Sheets		Net Amounts Of Assets Presented on the Condensed Consolidated Balance Sheets		Financial Instruments			Cash Collateral Pledged		Net Amount
	(In thousands)
Bank of America	$	67	$	—	$	67	$	(166	)	$	—	$	(99	)
Wells Fargo	528		—		528		(164		)	—		364
Total	$	595	$	—	$	595	$	(330	)	$	—	$	265

As of December 31, 2018							Gross Amounts Not Offset on the Condensed Consolidated Balance Sheets
	Gross Amounts of Recognized Assets		Gross Amounts Offset on the Condensed Consolidated Balance Sheets		Net Amounts Of Assets Presented on the Condensed Consolidated Balance Sheets		Financial Instruments			Cash Collateral Pledged		Net Amount
	(In thousands)
Bank of America	$	323	$	—	$	323	$	(64	)	$	—	$	259
Wells Fargo	463		—		463		(298		)	—		165
Total	$	786	$	—	$	786	$	(362	)	$	—	$	424

Schedule of Offsetting of Derivative Liabilities

The following tables set forth the offsetting of derivative liabilities as of June 30, 2019 and December 31, 2018:

As of June 30, 2019							Gross Amounts Not Offset on the Condensed Consolidated Balance Sheets
	Gross Amounts of Recognized Liabilities		Gross Amounts Offset on the Condensed Consolidated Balance Sheets		Net Amounts Of Liabilities Presented on the Condensed Consolidated Balance Sheets		Financial Instruments			Cash Collateral Pledged		Net Amount
	(In thousands)
Bank of America	$	166	$	—	$	166	$	(166	)	$	—	$	—
Wells Fargo	164		—		164		(164		)	—		—
Total	$	330	$	—	$	330	$	(330	)	$	—	$	—

As of December 31, 2018							Gross Amounts Not Offset on the Condensed Consolidated Balance Sheets
	Gross Amounts of Recognized Liabilities		Gross Amounts Offset on the Condensed Consolidated Balance Sheets		Net Amounts Of Liabilities Presented on the Condensed Consolidated Balance Sheets		Financial Instruments			Cash Collateral Pledged		Net Amount
	(In thousands)
J.P. Morgan Chase	$	6	$	—	$	6	$	—		$	—	$	6
Bank of America	64		—		64		(64		)	—		—
Wells Fargo	298		—		298		(298		)	—		—
Total	$	368	$	—	$	368	$	(362	)	$	—	$	6

Schedule of Effects and Locations of Gains or Losses Recognized in Income

The effects of the Company's cash flow hedges in the unaudited condensed statement of operations for the three and six months ended June 30, 2019 and July 1, 2018 are summarized as follows:

	Location and Amount of Gains (Losses) Recognized in Income on Cash Flow Hedges
	Three Months Ended June 30, 2019
	Net revenue		Cost of revenue			Research and development			Sales and marketing			General and administrative
	(In thousands)
Statement of operations	$	230,852	$	165,407		$	18,814		$	34,541		$	10,463
Gains (losses) on cash flow hedge	$	672	$	(6	)	$	(20	)	$	(98	)	$	(12	)

	Location and Amount of Gains (Losses) Recognized in Income on Cash Flow Hedges
	Three Months Ended July 1, 2018
	Net revenue		Cost of revenue			Research and development			Sales and marketing			General and administrative
	(In thousands)
Statement of operations	$	255,276	$	174,996		$	21,946		$	38,552		$	18,458
Gains (losses) on cash flow hedge	$	1,187	$	(7	)	$	(13	)	$	(157	)	$	(50	)

	Location and Amount of Gains (Losses) Recognized in Income on Cash Flow Hedges
	Six Months Ended June 30, 2019
	Net revenue		Cost of revenue			Research and development			Sales and marketing			General and administrative
	(In thousands)
Statement of operations	$	479,934	$	332,481		$	37,646		$	70,396		$	23,580
Gains (losses) on cash flow hedge	$	1,086	$	(8	)	$	(46	)	$	(167	)	$	(23	)

	Location and Amount of Gains (Losses) Recognized in Income on Cash Flow Hedges
	Six Months Ended July 1, 2018
	Net revenue			Cost of revenue			Research and development		Sales and marketing		General and administrative
	(In thousands)
Statement of operations	$	500,477		$	343,878		$	43,137	$	76,426	$	34,219
Gains (losses) on cash flow hedge	$	(515	)	$	(1	)	$	86	$	73	$	(9	)

Schedule of Company's Derivative Instruments on Other Comprehensive Income and the Consolidated Statement of Operations

The pre-tax effects of the Company’s derivative instruments in OCI and the unaudited condensed consolidated statement of operations for the three and six months ended June 30, 2019 and July 1, 2018 are summarized as follows:

Derivatives Designated as Hedging Instruments	Gains (Losses) Recognized in OCI - Effective Portion				Location of Gains (Losses) Reclassified from OCI into Income - Effective Portion	Gains (Losses) Reclassified from OCI into Income - Effective Portion(1)
	Three Months Ended					Three Months Ended
	June 30, 2019		July 1, 2018			June 30, 2019			July 1, 2018
	(In thousands)					(In thousands)
Cash flow hedges:
Foreign currency forward contracts	$	534	$	1,084	Net revenue	$	672		$	1,187
Foreign currency forward contracts	—		—		Cost of revenue	(6		)	(7		)
Foreign currency forward contracts	—		—		Research and development	(20		)	(13		)
Foreign currency forward contracts	—		—		Sales and marketing	(98		)	(157		)
Foreign currency forward contracts	—		—		General and administrative	(12		)	(50		)
Total	$	534	$	1,084		$	536		$	960

_________________________

⁽¹⁾ Refer to Note 11. Stockholders' Equity, which summarizes the accumulated other comprehensive income activity related to derivatives.

Derivatives Designated as Hedging Instruments	Gains (Losses) Recognized in OCI - Effective Portion				Location of Gains (Losses) Reclassified from OCI into Income - Effective Portion	Gains (Losses) Reclassified from OCI into Income - Effective Portion(1)
	Six Months Ended					Six Months Ended
	June 30, 2019		July 1, 2018			June 30, 2019			July 1, 2018
	(In thousands)					(In thousands)
Cash flow hedges:
Foreign currency forward contracts	$	863	$	450	Net revenue	$	1,086		$	(515	)
Foreign currency forward contracts	—		—		Cost of revenue	(8		)	(1		)
Foreign currency forward contracts	—		—		Research and development	(46		)	86
Foreign currency forward contracts	—		—		Sales and marketing	(167		)	73
Foreign currency forward contracts	—		—		General and administrative	(23		)	(9		)
Total	$	863	$	450		$	842		$	(366	)

_________________________

⁽¹⁾ Refer to Note 11. Stockholders' Equity, which summarizes the accumulated other comprehensive income activity related to derivatives.

Schedule of Derivatives not Designated as Hedging Instruments

The effects of the Company’s non-designated hedge included in Other income (expense), net in the unaudited condensed consolidated statements of operations for the six months ended June 30, 2019 and July 1, 2018 are as follows:

Derivatives Not Designated as Hedging Instruments	Location of Gains (Losses) Recognized in Income on Derivative	Three Months Ended				Six Months Ended
		June 30, 2019		July 1, 2018		June 30, 2019		July 1, 2018
		(In thousands)
Foreign currency forward contracts	Other income (expense), net	$	304	$	3,794	$	906	$	1,939