Derivative Instruments, Hedging Activities and Fair Value (Tables)

6 Months Ended

Jun. 30, 2015

Derivative Instruments, Hedging Activities And Fair Value Disclosure [Abstract]

Schedule of fair value of outstanding derivative contracts

The fair values of outstanding derivative contracts recorded as assets and liabilities on the Condensed Consolidated Balance Sheets at June 30, 2015 and December 31, 2014 were as follows:

	Asset Derivatives			Liability Derivatives
(In thousands)	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
June 30, 2015
Derivatives designated as hedging instruments:
Foreign currency forward exchange contracts	Other current assets	$	472		$	—
Cross-currency interest rate swaps	Other assets	70,435		Other liabilities	1,002
Total derivatives designated as hedging instruments		$	70,907		$	1,002
Derivatives not designated as hedging instruments:
Foreign currency forward exchange contracts	Other current assets	$	1,983	Other current liabilities	$	4,504

	Asset Derivatives			Liability Derivatives
(In thousands)	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
December 31, 2014
Derivatives designated as hedging instruments:
Foreign currency forward exchange contracts	Other current assets	$	420	Other current liabilities	$	—
Cross-currency interest rate swaps	Other assets	52,989		Other liabilities	2,599
Total derivatives designated as hedging instruments		$	53,409		$	2,599
Derivatives not designated as hedging instruments:
Foreign currency forward exchange contracts	Other current assets	$	4,065	Other current liabilities	$	4,618

Schedule of effect of derivative instruments

The effect of derivative instruments on the Condensed Consolidated Statements of Operations and the Condensed Consolidated Statements of Comprehensive Loss for the three and six months endedJune 30, 2015 and 2014 was as follows:

Derivatives Designated as Hedging Instruments

(In thousands)	Amount of  Gain (Loss) Recognized in Other Comprehensive Income  (“OCI”)  on Derivative - Effective  Portion			Location of Gain (Loss) Reclassified from Accumulated OCI into Income - Effective Portion	Amount of Gain Reclassified  from Accumulated OCI into  Income - Effective  Portion		Location of Gain  Recognized  in Income on  Derivative - Ineffective Portion and Amount Excluded from Effectiveness Testing	Amount of  Loss  Recognized  in Income  on Derivative - Ineffective  Portion and  Amount Excluded from Effectiveness  Testing
Three Months Ended June 30, 2015:
Foreign currency forward exchange contracts	$	(141	)	Cost of services and products sold	$	1		$	—
Cross-currency interest rate swaps	(2,536		)		—		Cost of services and products sold	(19,090		)	(a)
	$	(2,677	)		$	1		$	(19,090	)
Three Months Ended June 30, 2014:
Foreign currency forward exchange contracts	$	9			$	—		$	—
Cross-currency interest rate swaps	1,805				—		Cost of services and products sold	(3,801		)	(a)
	$	1,814			$	—		$	(3,801	)

(In thousands)	Amount of  Gain (Loss)Recognized in  Other Comprehensive Income  (“OCI”)  on Derivative - Effective  Portion			Location of Gain (Loss) Reclassified from Accumulated OCI into Income - Effective Portion	Amount of Gain (Loss) Reclassified  from Accumulated  OCI into  Income - Effective  Portion			Location of Gain (Loss) Recognized  in Income on  Derivative - Ineffective Portion and Amount Excluded from Effectiveness Testing	Amount of  Gain (Loss)  Recognized  in Income  on Derivative - Ineffective  Portion and  Amount Excluded from Effectiveness  Testing
Six Months Ended June 30, 2015:
Foreign currency forward exchange contracts	$	334		Cost of services and products sold	$	2			$	—
Cross currency interest rate swaps	6,085				—			Cost of services and products sold	11,652			(a)
	$	6,419			$	2			$	11,652
Six Months Ended June 30, 2014:
Foreign currency forward exchange contracts	$	20		Cost of services and products sold	$	(2	)		$	—
Cross currency interest rate swaps	(2,555		)		—			Cost of services and products sold	(5,375		)	(a)
	$	(2,535	)		$	(2	)		$	(5,375	)

(a)  These gains (losses) offset foreign currency fluctuation effects on the debt principal.

Derivatives Not Designated as Hedging Instruments

	Location of Gain (Loss) Recognized in Income on Derivative	Amount of Gain (Loss) Recognized in Income on Derivative for the Three Months Ended June 30 (a)
(In thousands)		2015			2014
Foreign currency forward exchange contracts	Cost of services and products sold	$	(11,989	)	$	(1,135	)

	Location of Gain (Loss) Recognized in Income on Derivative	Amount of Gain (Loss) Recognized in Income on Derivative for the Six Months Ended June 30 (a)
(In thousands)		2015			2014
Foreign currency forward exchange contracts	Cost of services and products sold	$	(7,234	)	$	421

(a)  These gains (losses) offset amounts recognized in cost of services and products sold principally as a result of intercompany or third party foreign currency exposures.

Summary of notional amount of foreign currency exchange contracts and cross-currency interest rate swaps

The following table indicates the contractual amounts of the Company's cross-currency interest rate swaps at June 30, 2015:

			Interest Rates
(In millions)	Contractual Amount		Receive	Pay
Maturing 2018	$	250.0	Fixed U.S. dollar rate	Fixed euro rate
Maturing 2020	220.0		Fixed U.S. dollar rate	Fixed British pound sterling rate
Maturing 2016 through 2017	7.6		Floating U.S. dollar rate	Fixed rupee rate

The following tables summarize, by major currency, the contractual amounts of the Company’s foreign currency forward exchange contracts in U.S. dollars at June 30, 2015 and December 31, 2014.  The “Buy” amounts represent the U.S. dollar equivalent of commitments to purchase foreign currencies, and the “Sell” amounts represent the U.S. dollar equivalent of commitments to sell foreign currencies.  The recognized gains and losses offset amounts recognized in cost of services and products sold principally as a result of intercompany or third party foreign currency exposures.

Contracted Amounts of Foreign Currency Forward Exchange Contracts Outstanding at June 30, 2015:

(In thousands)	Type	U.S. Dollar Equivalent		Maturity	Recognized Gain (Loss)
British pounds sterling	Sell	$	39,281	July 2015	$	348
British pounds sterling	Buy	2,870		July 2015 through August 2015	31
Euros	Sell	227,860		July 2015 through August 2015	(2,394		)
Euros	Buy	183,539		July 2015 through August 2015	(621		)
Other currencies	Sell	12,571		July 2015 through December 2015	399
Other currencies	Buy	30,309		July 2015 through September 2015	188
Total		$	496,430		$	(2,049	)

Contracted Amounts of Foreign Currency Forward Exchange Contracts Outstanding at December 31, 2014:

(In thousands)	Type	U.S. Dollar Equivalent		Maturity	Recognized Gain (Loss)
British pounds sterling	Sell	$	37,943	January 2015	$	179
British pounds sterling	Buy	2,783		January 2015	(4		)
Euros	Sell	193,370		January 2015 through March 2015	2,993
Euros	Buy	194,084		January 2015 through March 2015	(3,767		)
Other currencies	Sell	12,641		January 2015 through December 2015	439
Other currencies	Buy	28,001		January 2015 through June 2015	27
Total		$	468,822		$	(133	)

Schedule of fair value of financial instruments

The following table indicates the fair value hierarchy of the financial instruments of the Company at June 30, 2015 and December 31, 2014:

Level 2 Fair Value Measurements (In thousands)	June 30 2015		December 31 2014
Assets
Foreign currency forward exchange contracts	$	2,455	$	4,485
Cross-currency interest rate swaps	70,435		52,989
Liabilities
Foreign currency forward exchange contracts	4,504		4,618
Cross-currency interest rate swaps	1,002		2,599

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

The following table reconciles the beginning and ending balances for liabilities measured on a recurring basis using unobservable inputs (Level 3) for the six months ended June 30, 2015 and 2014:

Level 3 Liabilities—Unit Adjustment Liability (a) for the Six Months Ended June 30 (In thousands)	Six Months Ended
	June 30
	2015				2014
Balance at beginning of period	$	93,762			$	106,343
Payments	(11,160		)		(11,160		)
Change in fair value to the unit adjustment liability	4,409				5,019
Balance at end of period	$	87,012		(b)	$	100,201		(b)

(a) See Note 6, Equity Method Investments, for additional information related to the unit adjustment liability.

(b) Does not total due to rounding.