Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2018

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, 2018 and 2017 and the balance sheet lines in which they are recorded:

	Fair Value Asset (Liability)
	December 31, 2018		December 31, 2017		Balance Sheet Caption
Foreign currency forward	$	1,874	$	358	Prepaid/Other assets
Foreign currency forward	(1,165)		(2,243)		Other 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:

	2018		2017		2016
Gain/(loss) on euro-denominated debt	$	45,230	$	(125,262)	$	53,791
Tax (expense)/benefit	(9,498)		43,842		(18,827)
Gain/(loss) on net investment hedges, net of tax	$	35,732	$	(81,420)	$	34,964

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, 2018 and 2017 were as follows:

	Level 2		Level 2
Assets:
Foreign currency cash flow hedges	$	1,874	$	358
Liabilities:
Foreign currency cash flow hedges	1,165		2,243