XML 54 R38.htm IDEA: XBRL DOCUMENT v3.10.0.1
DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
 12 Months Ended
Dec. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair Value of Derivative Instruments
The fair value of derivative instruments on the Company’s consolidated balance sheets as of December 31, 2018 and December 31, 2017 were as follows:
 
 
 
 
As of December 31, 2018
 
As of December 31, 2017
 
 
Balance Sheet Classification
 
Asset Derivatives
 
Liability Derivatives
 
Asset Derivatives
 
Liability Derivatives
Foreign exchange forward contracts -
Designated as hedging instruments
 
Prepaid and other current assets
 
$
181

 
 
 
$
—

 
 
 
 
Accrued expenses and other current liabilities
 
 
 
$
3,475

 
 
 
$
—

 
 
 
 
 
 
 
 
 
 
 
Foreign exchange forward contracts -
Not designated as hedging instruments
 
Prepaid and other current assets
 
$
—

 
 
 
$
114

 
 
Changes in the Fair Value of Derivative Instruments
The changes in the fair value of foreign currency derivative instruments in our consolidated statements of income and comprehensive income for the years ended December 31, 2018, 2017 and 2016 were as follows:
 
Year Ended December 31,
 
2018
 
2017
 
2016
Foreign exchange forward contracts - Designated as hedging instruments:
 
 
 
 
 
Change in fair value recognized in Accumulated other comprehensive loss
$
(3,294
)
 
$
—

 
$
—

Net loss reclassified from Accumulated other comprehensive loss into Cost of revenues (exclusive of depreciation and amortization)
$
(4,161
)
 
$
—

 
$
—

Foreign exchange forward contracts - Not designated as hedging instruments:
 
 
 
 
 
Net gain recognized in Foreign exchange gain/(loss)
$
44

 
$
425

 
$
92