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FINANCIAL INSTRUMENTS (Tables)
 9 Months Ended
Sep. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair Value of Derivative Financial Instruments in Consolidated Balance Sheet
The fair values of the Company's derivative financial instruments in its Consolidated Balance Sheets were as follows:
 
Fair Values of Derivative Instruments
 
Assets
 
Liabilities
 
Balance Sheet
 
September 30,
2017
 
December 31,
2016
 
Balance Sheet
 
September 30,
2017
 
December 31,
2016
 
Classification
 
Fair Value
 
Fair Value
 
Classification
 
Fair Value
 
Fair Value
Derivatives not designated as hedging instruments:
 
 
 
 
 
 
 
 
FX Contracts(a)   
Prepaid expenses and other
 
$
0.5

 
$
2.3

 
Accrued Expenses
 
$
2.9

 
$
1.1

2013 Interest Rate Swap(b)
Prepaid expenses and other
 
—

 
—

 
Accrued expenses and other
 
1.9

 
3.7

 
Other assets
 
—

 
—

 
Other long-term liabilities
 
—

 
1.0


(a) The fair values of the FX Contracts at September 30, 2017 and December 31, 2016 were measured based on observable market transactions of spot and forward rates at September 30, 2017 and December 31, 2016, respectively.

(b) The fair values of the 2013 Interest Rate Swap at September 30, 2017 and December 31, 2016 were measured based on the implied forward rates from the U.S. Dollar three-month LIBOR yield curve at September 30, 2017 and December 31, 2016, respectively.
Effects of Derivative Financial Instruments on Income and Other Comprehensive Income (Loss)
The effects of the Company's derivative financial instruments on its Consolidated Statements of Operations and Comprehensive (Loss) Income were as follows for the periods presented:
 
Amount of Gain (Loss) Recognized in Other Comprehensive (Loss) Income
Three Months Ended September 30,

Nine Months Ended September 30,
2017

2016

2017

2016
Derivatives previously designated as hedging instruments:
 
 
 
 
 
 
 
2013 Interest Rate Swap, net of tax (a)
$
0.6

 
$
0.8

 
$
1.8

 
$
0.1

(a) Net of tax benefit of $0.4 million and $0.5 million for the three months ended September 30, 2017 and 2016, respectively, and $1.1 million and $0.1 million for the nine months ended September 30, 2017 and 2016, respectively.
 
Statement of Operations Classification
 
Amount of Gain (Loss) Recognized in Net (Loss) Income
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2017
 
2016
 
2017
 
2016
Derivatives designated as hedging instruments:
 
 
 
 
 
 
 
 
2013 Interest Rate Swap
Interest Expense
 
$
(0.9
)
 
$
(1.0
)
 
$
(2.9
)
 
$
(3.2
)
Derivatives not designated as hedging instruments:
 
 
 
 
 
 
 
 
FX Contracts
Foreign currency gain (loss), net
 
$
(2.4
)
 
$
(0.3
)
 
$
(4.0
)
 
$
(0.8
)
2013 Interest Rate Swap
Miscellaneous, net
 
—

 
—

 
(0.1
)
 
—