Derivative Instruments and Hedging Activities (Tables)

9 Months Ended

Sep. 30, 2017

Derivative Instruments and Hedging Activities [Abstract]

Effect of Cash Flow Hedges on the Consolidated Balance Sheets

The following table shows the effect of our cash flow hedges on the consolidated balance sheets during the three and nine months ended September 30, 2017 and 2016:

(In thousands)	For the Three Months Ended				For the Nine Months Ended
Derivatives in Cash Flow Hedging Relationships	September 30, 2017		September 30, 2016		September 30, 2017		September 30, 2016
Loss related to effective portion of derivatives recognized in accumulated OCI, gross of tax effect	—	$	14		—	$	109
Loss related to effective portion of derivatives reclassified from accumulated OCI to interest expense, gross of tax effect	—	$	(126	)	—	$	(390	)

Gains and Losses Resulting from Change in Fair Values of Derivatives

The gains and losses resulting from a change in fair values of the Cash Conversion Derivative and the Cash Convertible Notes Hedges are reported in the consolidated statements of operations.

(In thousands)		For the Three Months Ended						For the Nine Months Ended
		September 30, 2017			September 30, 2016			September 30, 2017			September 30, 2016		Statements of Operations Classification
Cash Convertible Notes Hedges:
Net unrealized gain (loss)	$	5,597		$	67,399		$	118,112		$	61,237		Selling, general and administrative expenses
Cash Conversion Derivative:
Net unrealized (loss) gain	$	(5,597	)	$	(67,399	)	$	(118,112	)	$	(61,237	)	Selling, general and administrative expenses

Fair Values of Derivative Instruments

The estimated fair values of derivative instruments at September 30, 2017 and December 31, 2016 were as follows:

(In thousands)	September 30, 2017			December 31, 2016
Assets:
Derivatives not designated as hedging instruments:
Cash convertible notes hedges, current		$	166,473		$	—
Cash convertible notes hedges, long-term			—			48,361
Liabilities:
Derivatives not designated as hedging instruments:
Cash conversion derivative, current		$	166,473		$	—
Cash conversion derivative, long-term			—			48,361