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Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2016
Fair Value Disclosures [Abstract]  
Fair Value of Gross Position of Derivative Contracts in Consolidated Balance Sheets
The derivative instruments are subject to master netting arrangements with the counterparties to the contracts. The following table presents the location and amounts of derivative instrument fair values in the Consolidated Balance Sheets:

 
 
Year Ended December 31,
Assets/(Liabilities)
 
2016
 
2015
Designated as hedging instruments:
 
 
 
 
Gross amounts recognized
 
$
—

 
$
3,559

Gross amounts offset
 
1,029

 
(35
)
Net amounts
 
1,029

 
3,524

Not designated as hedging instruments:
 
 
 
 
Gross amounts recognized
 
109

 
174

Gross amounts offset
 
(76
)
 
—

Net amounts
 
33

 
174

Other current assets
 
$
1,062

 
$
3,698
Gains and Losses on Derivative Instruments in Consolidated Statements of Income
The following table presents the location and amount of gains and losses on derivative instruments in the Consolidated Statements of Income:

 
 
Year Ended December 31,
Derivatives Designated as Cash Flow Hedges
 
2016
 
2015
 
2014
Amount of (loss) gain recognized in Other comprehensive income on derivatives (Effective Portion)
 
$
(2,471
)
 
$
11,127

 
$
9,020

Amount of gain reclassified from Accumulated other comprehensive loss into Income (Effective Portion)
 
100

 
(13,446
)
 
3,699

Amount of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion)
 
—

 
(136
)
 
(188
)

Derivatives not Designated as Hedging Instruments
 
Location of Gain (Loss)
Recognized in Income
on Derivatives
 
Amount of Gain (Loss)
Recognized in Income on Derivatives
Year Ended December 31,
2016
 
2015
 
2014
Foreign exchange contracts
 
Other non-operating income (expense)
 
$
(156
)
 
$
174

 
$
121
Schedule of Fair Value Hierarchy for those Assets and Liabilities Measured at Fair Value on a Recurring Basis
e following table presents the Company’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of December 31, 2016 and 2015:
 
 
December 31, 2016
 
 
Total
Assets
(Liabilities)
 
Quoted Prices
in Active Markets
for Identical
Assets
Level (1)
 
Significant
Other
Observable
Inputs
Level (2)
 
Significant
Unobservable
Inputs
Level (3)
Foreign Exchange Contracts
 
$
1,062

 
$
—

 
$
1,062

 
$
—

Stock-based Liabilities
 
$
(20,336
)
 
$
(20,336
)
 
$
—

 
$
—

 
 
 
December 31, 2015
 
 
 
Total
Assets
(Liabilities)
 
Quoted Prices
in Active Markets
for Identical
Assets
Level (1)
 
Significant
Other
Observable
Inputs
Level (2)
 
Significant
Unobservable
Inputs
Level (3)
 
 
 
Foreign Exchange Contracts
 
$
3,698

 
$
—

 
$
3,698

 
$
—

 
Stock-based Liabilities
 
$
(18,057
)
 
$
(18,057
)
 
$
—

 
$
—