Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Derivative Results

The following table presents the fair value of the derivative financial instruments within “Other assets” and “Accounts payable and accrued expenses” as of December 31, 2019 and 2018 (in thousands):

	Derivative Assets				Derivative Liabilities
	As of December 31,				As of December 31,
	2019		2018		2019		2018
Designated derivatives
Foreign exchange contracts	$	1,376	$	2,283	$	—	$	—
Interest rate contracts	2,933		—		3,505		—
Undesignated derivatives
Foreign exchange forwards	2,546		—		2,589		—
Total fair value of derivatives	$	6,855	$	2,283	$	6,094	$	—

The following tables present the effect of the Company’s designated derivative financial instruments on the accompanying Consolidated Statements of Operations for the years ended December 31, 2019, 2018 and 2017, 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
	As of December 31,									As of December 31,
	2019			2018			2017			2019			2018			2017
Interest rate contracts	$	(571	)	$	(1,422	)	$	1,422	Interest expense	$	248		$	(1,191	)	$	(1,547	)
Foreign exchange contracts	(879		)	2,283			—		Foreign currency exchange gain, net	(264		)	3,449			—
Foreign exchange contracts	—			—			—		Interest expense	58			—			—
Total designated cash flow hedges	$	(1,450	)	$	861		$	1,422		$	42		$	2,258		$	(1,547	)

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 December 31, 2019 and 2018, respectively. 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 accompanying Consolidated Balance Sheets (in thousands):

December 31, 2019
Offsetting of Derivative Assets
									Gross Amounts Not Offset in the Consolidated Balance Sheet
	Gross Amounts of Recognized Assets			Gross Amounts Offset in the Consolidated Balance Sheet		Net Amounts of Assets Presented in the Consolidated Balance Sheet			Financial Instruments			Cash Collateral Received		Net Amount
Derivatives	$	6,855		$	—	$	6,855		$	(3,966	)	$	—	$	2,889
Offsetting of Derivative Liabilities
									Gross Amounts Not Offset in the Consolidated Balance Sheet
	Gross Amounts of Recognized Liabilities			Gross Amounts Offset in the Consolidated Balance Sheet		Net Amounts of Liabilities Presented in the Consolidated Balance Sheet			Financial Instruments			Cash Collateral Received		Net Amount
Derivatives	$	(6,094	)	$	—	$	(6,094	)	$	3,966		$	—	$	(2,128	)

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