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Other Income (Expense), Net
 12 Months Ended
Dec. 31, 2015
Other Income and Expenses [Abstract]  
Other Income (Expense), Net
Other Income (Expense), Net
The following table presents the detail of other income (expense), net, for the periods presented (in thousands):
 
Year Ended December 31,
 
2015
 
2014
 
2013
Interest income
$
10,571

 
$
4,971

 
$
2,895

Interest expense (1)
(50,882
)
 
(6,797
)
 
—

Net loss on foreign exchange and foreign currency derivative contracts
(15,017
)
 
(3,284
)
 
(1,626
)
Net realized gain on sales of marketable securities
72

 
117

 
127

Fair value adjustment on other derivative (2)
(8,800
)
 
—

 
—

Other non-operating income, net
268

 
63

 
20

Total other income (expense), net
$
(63,788
)
 
$
(4,930
)
 
$
1,416


 _________________
(1)
The Company capitalized $1.3 million of interest expense related to properties under construction in 2015. The Company did not capitalize interest expense in 2014 and 2013.
(2)
In the fourth quarter of 2015, the Company adopted authoritative accounting guidance on determining whether the host contract in a hybrid financial instrument issued in the form of a share is more akin to debt or to equity on a modified retrospective approach. As a result, the Company recorded an other derivative, which was subject to fair value adjustments during 2015. The Company recorded fair value adjustments of $8.8 million to Other income (expense), net. See Note 1, Description of Business and Summary of Significant of Accounting Policies, for further information on this adoption.