Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair value of derivative instruments and the balance sheet lines in which they are recorded

The following table sets forth the fair values of derivative instruments held by the Company as of December 31, 2015 and December 31, 2014 and the balance sheet lines in which they are recorded:

	Fair Value Asset (Liability)
	December 31, 2015			December 31, 2014			Balance Sheet Caption
Foreign currency forward / collar contracts	$	170		$	973		Prepaid and other current assets
Foreign currency forward / collar contracts	(452		)	(810		)	Other accrued expenses
Net investment hedge - cross currency swap	—			(15,567		)	Accrued expenses

Amounts recognized in other comprehensive earnings

Amounts recognized in other comprehensive earnings (loss) for the gains (losses) on its net investment hedges were as follows:

	2015			2014			2013
Gain (loss) on euro-denominated debt	$	35,458		$	47,630		$	(6,099	)
Gain (loss) on Swiss franc cross-currency swap	(2,185		)	8,149			(1,035		)
Total gain (loss) on net investment hedges before tax	33,273			55,779			(7,134		)
Tax (expense) benefit	(11,646		)	(19,523		)	2,494
Net gain (loss) on net investment hedges, net of tax	$	21,627		$	36,256		$	(4,640	)

Assets and liabilities measured at fair value on a recurring basis

The Company's assets and liabilities measured at fair value on a recurring basis as of December 31, 2015 and December 31, 2014 are as follows:

	December 31, 2015		December 31, 2014
	Level 2		Level 2
Assets:
Foreign currency cash flow hedges	$	170	$	973
Liabilities:
Foreign currency cash flow hedges	452		810
Swiss franc cross-currency swap	—		15,567