Financial Instruments (Tables)

12 Months Ended

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

	Fair Value Asset (Liability)
	December 31, 2019		December 31, 2018		Balance Sheet Caption
Foreign currency forward	$	2,892	$	1,874	Prepaid and other current assets
Foreign currency forward	(476)		(1,165)		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:

	2019		2018		2017
Gain/(loss) on euro-denominated debt	$	22,449	$	45,230	$	(125,262)
Tax (expense)/benefit	(4,714)		(9,498)		43,842
Gain/(loss) on net investment hedges, net of tax	$	17,735	$	35,732	$	(81,420)

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, 2019 and 2018 were as follows:

	December 31, 2019		December 31, 2018
	Level 2		Level 2
Assets:
Foreign currency cash flow hedges	$	2,892	$	1,874
Liabilities:
Foreign currency cash flow hedges	476		1,165