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Accumulated Other Comprehensive Loss
12 Months Ended
Dec. 31, 2018
Equity [Abstract]  
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss
Accumulated other comprehensive loss ("AOCI") consists of amortization of actuarial gain/(loss) on retirement benefits and changes in the cumulative foreign currency translation adjustments. In addition, the Company enters into foreign currency exchange contracts, which are designated as cash flow hedges in accordance with ASC Topic 815. Changes in the fair values of forward contracts are recognized in accumulated other comprehensive loss on the Company's consolidated balance sheet until the settlement of those contracts. The balances as of December 31, 2018 and 2017 are as follows:
 
As of
 
December 31, 2018
 
December 31, 2017
Cumulative foreign currency translation gain/(loss)
$
(84,105
)
 
$
(58,405
)
Unrealized gain/(loss) on cash flow hedges, net of taxes of $115 and $4,918, respectively
(333
)
 
11,932

Retirement benefits, net of taxes of ($53) and ($74), respectively
971

 
763

Accumulated other comprehensive gain/(loss)
$
(83,467
)
 
$
(45,710
)