Treasury (Tables)

6 Months Ended

Jun. 30, 2019

Equity [Abstract]

Summary of Effects of Interest Rate Swap Agreements and Foreign Currency Foreign Exchange Contracts on Result of Operations

The following table presents the effects of our interest rate swap agreements and our foreign currency foreign exchange contracts on our results of operations for the three and six month periods ended June 30, 2019 and 2018 (in thousands):

	Gain/(Loss) recognized in AOCI
	Three months ended						Six months ended
	June 30,			June 30,			June 30,			June 30,
	2019			2018			2019			2018
Cash Flow Hedge relationships
Interest rate swap agreements (a)	$	(1,008	)	$	(545	)	$	(3,925	)	$	1,579
Net Investment Hedge relationships
Foreign currency foreign exchange contracts (b)	$	40,436		$	68,151		$	45,657		$	22,298

(a) The amount of gain reclassified out of AOCI into Interest expense, net was $456,000 and $1.5 million during the three-month periods ended June 30, 2019 and 2018, respectively, and $3.4 million and $2.2 million during the six-month periods ended June 30, 2019 and 2018, respectively.

(b) The amount reclassified out of AOCI into Other (income) expense, net includes the net effect of a $815,000 gain offset by a $815,000 loss recorded on repatriation of cash related to our net investment in the U.K. for the three-month period ended June 30, 2019, and $4.6 million gain offset by a $4.6 million loss recorded on repatriation of cash related to our net investment in the U.K. during the six-month period ended June 30, 2019.  There were no amounts reclassified out of AOCI for the three and six-month periods ended June 30, 2018.

Summary of Cash, Cash Equivalents and Restricted Cash Reported In Condensed Consolidated Statements of Cash Flows

Cash, cash equivalents, and restricted cash as reported in the condensed consolidated statements of cash flows are presented separately on our condensed consolidated balance sheets as follow (in thousands):

	June 30,		December 31,
	2019		2018
Cash and cash equivalents	$	61,297	$	105,220
Restricted cash and cash equivalents (a)		95,404		94,465
Total cash, cash equivalents and restricted cash	$	156,701	$	199,685
(a) Restricted cash and cash equivalents is included in other assets on the accompanying consolidated balance sheet.