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Derivatives and Hedge Accounting (Tables)
 12 Months Ended
Dec. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of Fair Value of Foreign Currency Exchange Contracts
The following tables set forth the fair value of the foreign currency exchange contracts and their location on the consolidated financial statements:
Derivatives designated as hedging instruments :
 
As of
Foreign currency exchange contracts
 
December 31, 2017
 
December 31, 2016
Other current assets
 
$
10,892

 
$
3,211

Other assets
 
$
7,360

 
$
2,994

Accrued expense and other current liabilities

 
$
481

 
$
1,430

Other non-current liabilities

 
$
322

 
$
828

 
 
 
 
 
Derivatives not designated as hedging instruments :
 
As of
Foreign currency exchange contracts
 
December 31, 2017
 
December 31, 2016
Other current assets
 
$
46

 
$
113

Accrued expense and other current liabilities

 
$
74

 
$
—
Summary of Effect of Foreign Currency Exchange Contracts on Consolidated Statements of Income
The following table set forth the effect of foreign currency exchange contracts in the consolidated statements of income and accumulated other comprehensive loss for the years ended December 31, 2017 and 2016:    
Derivatives in hedging relationships
 
Year ended December 31,
Forward Exchange Contracts :
 
2017
 
2016
(Gain)/loss recognized in AOCI
 
 
 
 
Derivatives in cash flow hedging relationships
 
$
(19,802
)
 
$
(5,129
)
 
 
 
 
 
(Gain)/loss recognized in consolidated statements of income
 
 
 
 
Derivatives in fair value hedging relationships
 
$
(5,056
)
 
$
(4,790
)
Location and amount of (gain)/loss recognized in consolidated statements of income for cash flow and fair value hedging relationships
 
 
Year ended December 31,
 
 
2017*
 
2016*
Type of hedging relationships
 
As per consolidated statements of income
 
(Gain)/loss on foreign currency exchange contracts
 
As per consolidated statements of income
 
(Gain)/loss on foreign currency exchange contracts
Cash flow hedging relationships
 
 
 
 
 
 
 
 
Location in consolidated statements of income where (gain)/loss was reclassed from AOCI
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cost of revenue
 
$
495,586

 
$
(5,465
)
 
$
—

 
$
—

General & administrative expenses
 
$
102,567

 
(960
)
 
$
—

 
—

Selling & marketing expenses
 
$
53,383

 
(103
)
 
$
—

 
—

Depreciation & amortization
 
$
38,549

 
(371
)
 
$
—

 
—

Foreign exchange gain, net
 
$
(2,839
)
 
—

 
$
(5,597
)
 
(2,669
)
 
 

 
$
(6,899
)
 

 
$
(2,669
)
 
 
 
 
 
 
 
 
 
Fair value hedging relationships
 
 
 
 
 
 
 
 
Location in consolidated statements of income where (gain)/loss was recognized
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Foreign exchange gain, net
 
$
(2,839
)
 
$
(5,056
)
 
$
(5,597
)
 
$
(4,790
)
 
 
$
(2,839
)
 
$
(5,056
)
 
$
(5,597
)
 
$
(4,790
)
* The Company early adopted ASU 2017-12, Derivatives and Hedging (Topic 815), Targeted Improvements to Accounting for Hedging Activities. Pursuant to this adoption, effective January 1, 2017, the Company recorded settlement gain/(loss) on cash flow hedges in cost of revenues and operating expenses, as applicable, in the consolidated statements of income. In prior periods, such gain/loss were included under "Foreign exchange gain, net" line in the consolidated statements of income.