Derivative Instruments and Hedging Activities (Tables)

6 Months Ended

Jun. 30, 2017

Impact of Derivative Financial Instruments

The table below presents the impact the Company’s derivative financial instruments had on the Accumulated Other Comprehensive Income and Statement of Operations (in thousands):

	Location of Gain(Loss) Reclassified from AOCI into Income	Three months ended June 30,						Six months ended June 30,
		2017			2016			2017			2016
Loss Recognized in OCI on Derivatives (Effective Portion)	Interest expense	$	(2,787	)	$	(9,263	)	$	(733	)		(24,438	)
Amounts Reclassified from Accumulated OCI into Income (Effective Portion)	Interest expense		590			1,938			1,795			3,679

Fair Values of Derivative Instruments Designated as Hedging Instruments Recorded in Consolidated Balance Sheet

The following table indicates the location on the Consolidated Balance Sheets in which the Company’s derivative assets and liabilities designated as hedging instruments have been recognized and the related fair values of those derivatives were as follows (in thousands):

	Balance Sheet Location	June 30, 2017			December 31, 2016
Interest rate derivatives — asset derivatives	Other current assets		1,719			222
Interest rate derivatives — asset derivatives	Other assets		6,187			8,043
Interest rate derivatives — liability derivatives	Other accrued liabilities		(2,863	)		(2,989	)
Interest rate derivatives — liability derivatives	Other noncurrent liabilities		(5,128	)		(6,421	)

Fair Values of Derivative Instruments and Change in Fair Values of Derivative Not Designated as Hedging Instruments Recorded in Consolidated Balance Sheet and Consolidated Statements of Operations

The following table indicates the location on the Consolidated Balance Sheets in which the Company’s derivative assets and liabilities not designated as hedging instruments have been recognized and the related fair values of those derivatives were as follows (in thousands):

	Balance Sheet Location	June 30, 2017			December 31, 2016
Foreign exchange contracts — asset derivatives	Other current assets	$	244		$	7,369
Foreign exchange contracts — asset derivatives	Other assets		29			—
Foreign exchange contracts — liability derivatives	Other accrued liabilities		(9,292	)		(3,671	)

The change in the fair values of ARRIS’s derivatives not designated as hedging instruments recorded in the Consolidated Statements of Operations were as follows (in thousands):

	Statement of Operations Location	Three months ended June 30,					Six months ended June 30,
		2017		2016			2017		2016
Foreign exchange contracts	(Gain) loss on foreign currency	$	9,612	$	(5,507	)	$	16,319		11,948