Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2017

Derivative Instruments And Hedging Activities Disclosure [Abstract]

The following tables provide information about the fair values of our derivative financial instruments as of the respective balance sheet dates:

June 30, 2017

Asset Derivatives

Liability Derivatives

(In thousands)

Balance Sheet Location

Fair Value

Balance Sheet Location

Fair Value

Derivatives qualifying as cash flow hedges:

Foreign exchange contracts

Prepaid expenses and

other current assets

2,054

Accrued expenses

Derivatives not subject to hedge accounting:

1.25% Call Option

Other assets

32,046

N/A

1.25% Embedded cash conversion option

N/A

Other liabilities

32,931

Total derivatives

34,100

32,931

December 31, 2016

Asset Derivatives

Liability Derivatives

(In thousands)

Balance Sheet Location

Fair Value

Balance Sheet Location

Fair Value

Derivatives qualifying as cash flow hedges:

Foreign exchange contracts

Prepaid expenses and

other current assets

1,021

Accrued expenses

Derivatives not subject to hedge accounting:

1.25% Call Option

Other assets

17,080

N/A

1.25% Embedded cash conversion option

N/A

Other liabilities

17,659

Total derivatives

18,101

17,659

N/A – We define “N/A” as disclosure not being applicable

Derivatives Instruments Designated as Cash Flow Hedges

The following tables show the impact of derivative instruments designated as cash flow hedges on the consolidated statements of operations and the consolidated statements of comprehensive loss:

	Amount of Gain (Loss) Recognized in OCI (Effective Portion)					Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)
(In thousands)	Three Months Ended June 30, 2017		Six Months Ended June 30, 2017		Location of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	Three Months Ended June 30, 2017		Six Months Ended June 30, 2017
Foreign exchange contracts	$	434	$	2,307	Cost of Revenue	$	255	$	433
					Selling, general and administrative expenses		194		331
					Research and development	$	300	$	510

	Amount of Gain (Loss) Recognized in OCI (Effective Portion)						Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)
(In thousands)	Three Months Ended June 30, 2016			Six Months Ended June 30, 2016		Location of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	Three Months Ended June 30, 2016		Six Months Ended June 30, 2016
Foreign exchange contracts	$	(141	)	$	201	Cost of Revenue	$	27	$	(4	)
						Selling, general and administrative expenses		22		(3	)
						Research and development	$	37	$	(6	)

Net Impact of Changes in Fair Value of Call Option and Embedded Cash Conversion Option

The following table shows the net impact of the changes in fair values of the 1.25% Call Option and the 1.25% Notes’ embedded cash conversion option in the consolidated statements of operations:

	Three Months Ended June 30,						Six Months Ended June 30,
(In thousands)	2017			2016			2017			2016
1.25% Call Option	$	(2,639	)	$	(10,507	)	$	14,966		$	(41,710	)
1.25% Embedded cash conversion option		2,631			10,577			(15,272	)		41,970
Net (loss) gain included in other income, net	$	(8	)	$	70		$	(306	)	$	260