Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Derivative Results

The following table illustrates the disclosure in tabular format of fair value amounts of derivative instruments at September 30, 2019 and December 31, 2018 (in thousands):

	Derivative Assets				Derivative Liabilities
	September 30, 2019		December 31, 2018		September 30, 2019		December 31, 2018
Derivatives formally designated as hedging instruments
Foreign exchange contracts	$	7,939	$	2,283	$	—	$	—
Interest rate contracts	762		—		4,399		—
Total derivatives formally designated as hedging instruments	$	8,701	$	2,283	$	4,399	$	—

The following tables present the amounts in the Condensed Consolidated Statements of Operations in which the effects of cash flow hedges are recorded and the effects of cash flow hedge activity on these line items for the three and nine months ended September 30, 2019 and 2018, including the impacts to Accumulated Other Comprehensive Income (AOCI) (in thousands):

	Amount of Gain or (Loss) Recognized in Other Comprehensive Income on Derivative					Location of Gain or (Loss) Reclassified from AOCI into Income	Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income
	Three Months Ended September 30,						Three Months Ended September 30,
	2019		2018				2019		2018
Interest rate contracts	$	5	$	(204	)	Interest expense	$	102	$	286
Foreign exchange contracts	6,082		—			Foreign currency exchange gain, net	5,512		—
Foreign exchange contracts	—		—			Interest expense	110		—
Total designated cash flow hedges	$	6,087	$	(204	)		$	5,724	$	286

	Amount of Gain or (Loss) Recognized in Other Comprehensive Income on Derivative						Location of Gain or (Loss) Reclassified from AOCI into Income	Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income
	Nine Months Ended September 30,							Nine Months Ended September 30,
	2019			2018				2019		2018
Interest rate contracts	$	(3,633	)	$	(637	)	Interest expense	$	102	$	959
Foreign exchange contracts	5,736			—			Foreign currency exchange gain, net	6,005		—
Foreign exchange contracts	—			—			Interest expense	110		—
Total designated cash flow hedges	$	2,103		$	(637	)		$	6,217	$	959

Schedule of Gross Presentation, Effects of Offsetting and a Net Presentation of Derivatives

The table below presents a gross presentation, the effects of offsetting, and a net presentation of the Company’s derivatives as of September 30, 2019 and December 31, 2018. The net amounts of derivative assets or liabilities can be reconciled to the tabular disclosure of fair value. The tabular disclosure of fair value provides the location that derivative assets and liabilities are presented on the Condensed Consolidated Balance Sheet (in thousands):

September 30, 2019
Offsetting of Derivative Assets
									Gross Amounts Not Offset in the Condensed Consolidated Balance Sheet
	Gross Amounts of Recognized Assets			Gross Amounts Offset in the Condensed Consolidated Balance Sheet		Net Amounts of Assets presented in the Condensed Consolidated Balance Sheet			Financial Instruments			Cash Collateral Received		Net Amount
Derivatives	$	8,701		$	—	$	8,701		$	(4,399	)	$	—	$	4,302
Offsetting of Derivative Liabilities
									Gross Amounts Not Offset in the Condensed Consolidated Balance Sheet
	Gross Amounts of Recognized Liabilities			Gross Amounts Offset in the Condensed Consolidated Balance Sheet		Net Amounts of Liabilities presented in the Condensed Consolidated Balance Sheet			Financial Instruments			Cash Collateral Received		Net Amount
Derivatives	$	(4,399	)	$	—	$	(4,399	)	$	4,399		$	—	$	—

December 31, 2018
Offsetting of Derivative Assets
							Gross Amounts Not Offset in the Condensed Consolidated Balance Sheet
	Gross Amounts of Recognized Assets		Gross Amounts Offset in the Condensed Consolidated Balance Sheet		Net Amounts of Assets presented in the Condensed Consolidated Balance Sheet		Financial Instruments		Cash Collateral Received		Net Amount
Derivatives	$	2,283	$	—	$	2,283	$	—	$	—	$	2,283
Offsetting of Derivative Liabilities
							Gross Amounts Not Offset in the Condensed Consolidated Balance Sheet
	Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Condensed Consolidated Balance Sheet		Net Amounts of Liabilities presented in the Condensed Consolidated Balance Sheet		Financial Instruments		Cash Collateral Received		Net Amount
Derivatives	$	—	$	—	$	—	$	—	$	—	$	—