Treasury (Tables)

9 Months Ended

Sep. 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 nine month periods ended September 30, 2019 and 2018 (in thousands):

	Gain/(Loss) recognized in AOCI
	Three months ended					Nine months ended
	September 30,		September 30,			September 30,			September 30,
	2019		2018			2019			2018
Cash Flow Hedge relationships
Interest rate swap agreements (a)	$	0	$	(1,924	)	$	(3,925	)	$	(345	)
Net Investment Hedge relationships
Foreign currency foreign exchange contracts (b)	$	33,927	$	3,790		$	79,584		$	26,088

(a) The amount of gain reclassified out of AOCI into Interest expense, net was $0 and $2.0 million during the three-month periods ended September 30, 2019 and 2018, respectively, and $3.4 million and $4.2 million during the nine-month periods ended September 30, 2019 and 2018, respectively.

(b) The amount reclassified out of AOCI into Other (income) expense, net includes the net effect of a $1.1 million gain offset by a $1.1 million loss recorded on repatriation of cash related to our net investment in the U.K. for the three-month period ended September 30, 2019, and a $5.7 million gain offset by a $5.7 million loss recorded on repatriation of cash related to our net investment in the U.K. during the nine-month period ended September 30, 2019.  There were no amounts reclassified out of AOCI for the three and nine-month periods ended September 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):

	September 30,		December 31,
	2019		2018
Cash and cash equivalents	$	58,905	$	105,220
Restricted cash and cash equivalents (a)		95,932		94,465
Total cash, cash equivalents and restricted cash	$	154,837	$	199,685
(a) Restricted cash and cash equivalents is included in other assets on the accompanying consolidated balance sheet.