Derivative Instruments, Hedging Activities and Fair Value (Tables)

9 Months Ended

Sep. 30, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of fair value of outstanding derivative contracts

The fair value of outstanding derivative contracts recorded as assets and liabilities on the Company's Condensed Consolidated Balance Sheets was as follows:

(In thousands)	Balance Sheet Location	Fair Value of Derivatives Designated as Hedging Instruments		Fair Value of Derivatives Not Designated as Hedging Instruments		Total Fair Value
September 30, 2020
Asset derivatives (Level 2):
Foreign currency exchange forward contracts	Other current assets	$	2,178	$	509	$	2,687
Total		$	2,178	$	509	$	2,687

(In thousands)	Balance Sheet Location	Fair Value of Derivatives Designated as Hedging Instruments		Fair Value of Derivatives Not Designated as Hedging Instruments		Total Fair Value
Liability derivatives (Level 2):
Foreign currency exchange forward contracts	Other current liabilities	$	287	$	8,833	$	9,120
Interest rate swaps	Other current liabilities	3,822		—		3,822
Interest rate swaps	Other liabilities	4,542		—		4,542
Total		$	8,651	$	8,833	$	17,484
December 31, 2019
Asset derivatives (Level 2):
Foreign currency exchange forward contracts	Other current assets	$	2,039	$	946	$	2,985
Total		$	2,039	$	946	$	2,985
Liability derivatives (Level 2):
Foreign currency exchange forward contracts	Other current liabilities	$	140	$	3,733	$	3,873
Interest rate swaps	Other current liabilities	2,098		—		2,098
Interest rate swaps	Other liabilities	4,281		—		4,281
Total		$	6,519	$	3,733	$	10,252

Schedule of effect of derivative instruments

Derivatives Designated as Hedging Instruments

	Amount Recognized in OCI on Derivatives				Location of Amount Reclassified from  AOCI into Income	Amount Reclassified from AOCI into Income - Effective Portion or Equity
	Three Months Ended					Three Months Ended
	September 30					September 30
(In thousands)	2020		2019			2020		2019
Foreign currency exchange forward contracts	$	(1,244)	$	808	Product revenues	$	174	$	(512)
Interest rate swaps	(95)		(930)		Interest expense	739		(76)
CCIRs (a)	(24)		51		Interest expense	312		291
	$	(1,363)	$	(71)		$	1,225	$	(297)

	Amount Recognized in OCI on Derivatives				Location of Amount Reclassified from AOCI into Income	Amount Reclassified from Accumulated OCI into Income - Effective Portion or Equity
	Nine Months Ended					Nine Months Ended
	September 30					September 30
(In thousands)	2020		2019			2020		2019
Foreign currency exchange forward contracts	$	834	$	765	Product revenues/Cost of services sold	$	(1,562)	$	(933)
Interest rate swaps	—		—		Income from discontinued businesses	—		2,741
Interest rate swaps	(3,835)		(8,566)		Interest expense	1,849		(648)
CCIRs (a)	39		53		Interest expense	912		908
	$	(2,962)	$	(7,748)		$	1,199	$	2,068

(a)    Amounts represent changes in foreign currency translation related to balances in AOCI.

The location and amount of gain (loss) recognized on the Company's Condensed Consolidated Statements of Operations was as follows:

	Three Months Ended
	September 30
	2020				2019
(in thousands)	Product Revenues		Interest Expense		Product Revenues		Cost of Services Sold		Interest Expense
Total amounts of line items presented in the Condensed Consolidated Statement of Operations in which the effects of cash flow hedges are recorded	$	125,119	$	(15,794)	$	106,488	$	239,519	$	(12,819)
Interest rate swaps:
Gain or (loss) reclassified from AOCI into income	—		(739)		—		—		76
Foreign exchange contracts:
Gain or (loss) reclassified from AOCI into income	(174)		—		512		—		—
Amount excluded from effectiveness testing recognized in earnings based on changes in fair value	12		—		86		—		—
Amount excluded from the effectiveness testing recognized in earnings based on an amortization approach	3		—		—		—		—
CCIRs:
Loss reclassified from AOCI into income	—		(312)		—		—		(291)

	Nine Months Ended
	September 30
	2020				2019
(in thousands)	Product Revenues		Interest Expense		Product Revenues		Cost of Services Sold		Interest Expense		Income From Discontinued Operations
Total amounts of line items presented in the Condensed Consolidated Statement of Operations in which the effects of cash flow hedges are recorded	$	334,324	$	(43,396)	$	319,765	$	608,230	$	(24,429)	$	23,958
Interest rate swaps:
Gain or (loss) reclassified from AOCI into income	—		(1,849)		—		—		648		—
Loss reclassified from AOCI into income as a result that a forecasted transaction is no longer probable of occurring	—		—		—		—		—		(2,741)
Foreign exchange contracts:
Gain or (loss) reclassified from AOCI into income	1,562		—		977		(44)		—		—
Amount excluded from effectiveness testing recognized in earnings based on changes in fair value	208		—		403		—		—		—
Amount excluded from the effectiveness testing recognized in earnings based on an amortization approach	24		—		—		—		—		—
CCIRs:
Loss reclassified from AOCI into income	—		(912)		—		—		(908)		—

Derivatives Not Designated as Hedging Instruments

	Location of Gain (Loss) Recognized in Income on Derivatives	Amount of Gain (Loss) Recognized in Income on Derivatives (b)
		Three Months Ended				Nine Months Ended
		September 30				September 30
(In thousands)		2020		2019		2020		2019
Foreign currency exchange forward contracts	Cost of services and products sold	$	(12,279)	$	10,642	$	(5,001)	$	15,735

(b)      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.