Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2019

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 March 31, 2019 and December 31, 2018 and the balance sheet lines in which they are recorded:

	Fair Value Asset (Liability)
	March 31, 2019		December 31, 2018		Balance Sheet Caption
Foreign currency forward	$	3,996	$	1,874	Prepaid / Other current assets
Foreign currency forward	(637)		(1,165)		Other accrued expenses

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

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

	Three Months Ended March 31,
	2019		2018
Gain (loss) on euro-denominated debt	$	3,557	$	(44,109)
Tax (expense) benefit	(747)		9,263
Net gain (loss) on net investment hedges, net of tax	$	2,810	$	(34,846)

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 March 31, 2019 and December 31, 2018:

	Level 2		Level 2
Assets:
Foreign currency cash flow hedges	$	3,996	$	1,874
Liabilities:
Foreign currency cash flow hedges	637		1,165