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Derivative Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of the Fair Values of Derivative Instruments
Fair Values of Derivative Instruments
 
Asset Derivatives
 
Liability Derivatives
 
(In thousands)
 
December 31, 2016
 
December 31, 2015
 
December 31, 2016
 
December 31, 2015
Derivatives Designated as
Hedging Instruments
Balance Sheet
Location
 
Fair
Value
 
Balance Sheet
Location
 
Fair
Value
 
Balance Sheet
Location
 
Fair
Value
 
Balance Sheet
Location
 
Fair
Value
Foreign currency forward contracts
Prepaid
expenses
and other
current
assets
 
$460
 
Prepaid
expenses
and other
current
assets
 
$436
 
Accrued
expenses
and other
current
liabilities
 
$3,816
 
Accrued
expenses
and other
current
liabilities
 
$2,895
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Asset Derivatives
 
Liability Derivatives
 
(In thousands)
 
December 31, 2016
 
December 31, 2015
 
December 31, 2016
 
December 31, 2015
Derivatives Not Designated as
Hedging Instruments
Balance Sheet
Location
 
Fair
Value
 
Balance Sheet
Location
 
Fair
Value
 
Balance Sheet
Location
 
Fair
Value
 
Balance Sheet
Location
 
Fair
Value
Foreign currency forward contracts
Prepaid
expenses
and other
current
assets
 
$2,046
 
Prepaid
expenses
and other
current
assets
 
$627
 
Accrued
expenses
and other
current
liabilities
 
$619
 
Accrued
expenses
and other
current
liabilities
 
$783
Schedule of Effect of Derivative Instruments on Financial Performance
 
For the Year ended December 31,
 
(In thousands)
Derivatives Not Designated as Hedging Instruments
Location of (Loss) Gain Recognized in Income on
Derivative
 
Amount of (Loss) Gain Recognized in Income on Derivative
 
 
 
2016
 
2015
Foreign currency forward contracts
Other expense, net
 
$
(1,030
)
 
$
1,669

The Effect of Derivative Instruments on Financial Performance
 
For the Year ended December 31,
 
(In thousands)
Derivatives in Cash Flow
Hedging Relationships
Amount of (Loss) Gain Recognized in Other
Comprehensive (Loss) Income
(Effective Portion)
 
Location of Loss Reclassified from Accumulated Other
Comprehensive Loss
 into Income
(Effective Portion)
 
Amount of Loss Reclassified from
Accumulated Other 
Comprehensive Loss
(Effective Portion)
 
2016
 
2015
 
 
 
2016
 
2015
Foreign currency forward contracts
$
(875
)
 
$
6,090

 
Operating expenses
 
$
(1,763
)
 
$
(13,027
)
Currency Forward Contracts Outstanding
As of December 31, 2016, the Company had the following net notional foreign currency forward contracts outstanding (in thousands):
Foreign Currency
Currency
Denomination
Australian dollars
AUD 8,200
Brazilian Real
BRL 8,300
British pounds sterling
GBP 283
Canadian dollars
CAD 2,850
Chinese renminbi
CNY 48,300
Danish krone
DKK 21,735
Euro
EUR 8,307
Hong Kong dollars
HKD 32,500
Indian rupees
INR 3,875
Japanese yen
JPY 685,319
Singapore dollars
SGD 9,967
Swiss francs
CHF 37,700