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FINANCIAL INSTRUMENTS (Tables)
12 Months Ended
Dec. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair Value of Derivative Financial Instruments in Consolidated Balance Sheet
As of December 31, 2017 and 2016, 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
 
December 31,
2017
 
December 31,
2016
 
Balance Sheet
 
December 31,
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
 
$
0.6

 
$
2.3

 
Accrued Expenses
 
$
1.9

 
$
1.1

2013 Interest Rate Swap(b)
Prepaid expenses and other
 

 

 
Accrued expenses and other
 
0.9

 
3.7

 
Other assets
 

 

 
Other long-term liabilities
 

 
1.0


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

(b) The fair values of the 2013 Interest Rate Swap at December 31, 2017 and December 31, 2016 were measured based on the implied forward rates from the U.S. Dollar three-month LIBOR yield curve at December 31, 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
Year Ended December 31,
2017
 
2016
 
2015
Derivatives previously designated as hedging instruments:
 
 
 
 
 
2013 Interest Rate Swap, net of tax (a)
$
2.3

 
$
0.8

 
$
(1.6
)

(a) Net of tax (benefit) expense of $(1.4) million, $0.5 million and $(1.0) million for 2017, 2016 and 2015, respectively.

Derivative Instruments
 
Statement of Operations Classification
 
Amount of Gain (Loss) Recognized in Net (Loss) Income
 
Year Ended December 31,
 
2017
 
2016
 
2015
Derivatives designated as hedging instruments:
 
 
 
 
 
 
2013 Interest Rate Swap
 
Interest Expense
 
$
(3.7
)
 
$
(4.3
)
 
$
(2.6
)
Derivatives not designated as hedging instruments:
 
 
 
 
 
 
FX Contracts
 
Foreign currency gain (loss), net
 
$
(4.1
)
 
$
2.1

 
$
3.8

2013 Interest Rate Swap
 
Miscellaneous, net
 
0.1

 
0.7