Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2016

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 June 30, 2016 and December 31, 2015 and the balance sheet lines in which they are recorded:

	Fair Value Asset (Liability)
	June 30, 2016			December 31, 2015			Balance Sheet Caption
Foreign currency forward / collar contracts	$	329		$	170		Prepaid / Other assets
Foreign currency forward / collar contracts	(551		)	(452		)	Other accrued expenses

Schedule of net investment hedges in accumulated other comprehensive income (loss)

as follows:

	Three Months Ended June 30,						Six Months Ended June 30,
	2016			2015			2016			2015
Gain (loss) on Euro-denominated debt	$	4,500		$	(6,975	)	$	(1,665	)	$	28,375
Loss on Swiss franc cross-currency swap	—			(2,716		)	—			(4,049		)
Total gain (loss) on net investment hedges before tax	4,500			(9,691		)	(1,665		)	24,326
Tax (expense) benefit	(1,575		)	3,392			583			(8,514		)
Net gain (loss) on net investment hedges, net of tax	$	2,925		$	(6,299	)	$	(1,082	)	$	15,812

Assets and liabilities measured at fair value on a recurring basis

The following table presents the Company’s assets and liabilities measured at fair value on a recurring basis as of June 30, 2016 and December 31, 2015:

	June 30, 2016		December 31, 2015
	Level 2		Level 2
Assets:
Foreign currency cash flow hedges	$	329	$	170
Liabilities:
Foreign currency cash flow hedges	551		452