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Derivative Instruments (Tables)
 6 Months Ended
Jun. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of derivative assets at fair value
The following table presents the fair value of the Company’s derivative contracts as of the periods presented (in thousands):
 
June 30,
2016
 
December 31,
2015
Derivative assets:
 
 
 
Cash flow hedges
$
16,854

 
$
11,897

Balance sheet hedges
6,339

 
2,611

     Total derivative assets
23,193

 
14,508

Derivative liabilities:
 
 
 
Cash flow hedges
685

 
790

Balance sheet hedges
687

 
1,057

Other derivative
16,100

 
11,600

     Total derivative liabilities
17,472

 
13,447

Total fair value of derivative instruments, net
$
5,721

 
$
1,061
Schedule of derivative liabilities at fair value
The following table presents the fair value of the Company’s derivative contracts as of the periods presented (in thousands):
 
June 30,
2016
 
December 31,
2015
Derivative assets:
 
 
 
Cash flow hedges
$
16,854

 
$
11,897

Balance sheet hedges
6,339

 
2,611

     Total derivative assets
23,193

 
14,508

Derivative liabilities:
 
 
 
Cash flow hedges
685

 
790

Balance sheet hedges
687

 
1,057

Other derivative
16,100

 
11,600

     Total derivative liabilities
17,472

 
13,447

Total fair value of derivative instruments, net
$
5,721

 
$
1,061
Schedule of financial statement effect on foreign currency derivative contracts
The following table presents the activity of the Company’s cash flow hedges in AOCI in stockholders' equity for the periods presented (in thousands):


 
December 31,
2015
 
Amount of gain (loss) recognized in other comprehensive income before tax effect (effective portion)
 
Amount of (gain) loss reclassified from AOCI before tax effect to net revenue (effective portion)
 
June 30,
2016
Cash flow hedges
$
11,857

 
11,381

 
(7,434
)
 
$
15,804


 
December 31,
2014
 
Amount of gain (loss) recognized in other comprehensive income before tax effect (effective portion)
 
Amount of (gain) loss reclassified from AOCI before tax effect to net revenue (effective portion)
 
June 30,
2015
Cash flow hedges
$
—

 
(4,191
)
 
934

 
$
(3,257
)
Schedule of foreign currency derivative contracts on the condensed consolidated statement of operations
The following table presents the impact of the Company’s derivative contracts on the condensed consolidated statement of operations for the periods presented (in thousands):
 
 
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
Location of Gain (Loss)
 
2016
 
2015
 
2016
 
2015
Cash flow hedges
Net revenue
 
$
2,892

 
$
(934
)
 
$
7,434

 
$
(934
)
Cash flow hedges
Other expense, net (1)
 
(3,897
)
 
(2,407
)
 
(6,188
)
 
(2,407
)
Balance sheet hedges
Other expense, net
 
5,795

 
(5,491
)
 
2,543

 
5,719

Other derivative
Other expense, net
 
(2,200
)
 
—

 
(4,500
)
 
—

Total gain (loss) from derivative contracts
 
 
$
2,590

 
$
(8,832
)
 
$
(711
)
 
$
2,378

____________
(1)
Balances relate to changes in fair value that are excluded from the Company's assessment of hedge effectiveness.