Derivative Instruments and Hedging Activities (Tables)

6 Months Ended

Jun. 30, 2018

Impact of Derivative Financial Instruments

The table below presents the impact the Company’s derivative financial instruments had on Consolidated Statement of Operations (in thousands):

	Location of Gain(Loss) Reclassified from		Three months ended June 30,						Six months ended June 30,
	AOCI into Income		2018			2017			2018			2017
Gain (Loss) Recognized in OCI on Derivatives (Effective Portion)		Interest expense	$	5,280		$	(2,787	)	$	14,381		$	(733	)
Amounts Reclassified from Accumulated OCI into Income (Effective Portion)		Interest expense		(551	)		590			(248	)		1,795

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 (in thousands):

	Balance Sheet Location	June 30, 2018			December 31, 2017
Interest rate derivatives — asset derivatives	Other current assets		7,132			3,590
Interest rate derivatives — asset derivatives	Other assets		13,945			6,566
Interest rate derivatives — liability derivatives	Other accrued liabilities		—			(3,053	)
Interest rate derivatives — liability derivatives	Other noncurrent liabilities		(377	)		(971	)

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 (in thousands):

	Balance Sheet Location	June 30, 2018			December 31, 2017
Foreign exchange contracts — asset derivatives	Other current assets	$	4,598		$	405
Foreign exchange contracts — liability derivatives	Other accrued liabilities		(166	)		(8,202	)
Foreign exchange contracts — liability derivatives	Other non-current liabilities		—			(600	)

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,
		2018			2017		2018			2017
Foreign exchange contracts	(Gain) loss on foreign currency	$	(16,350	)	$	9,612	$	(8,882	)	$	16,319