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Fair Value Measurement (Tables)
 3 Months Ended
Mar. 31, 2017
Fair Value Disclosures [Abstract]  
Company's Financial Assets and Liabilities Measured at Fair Value and the Hierarchy of the Valuation Inputs
The following table presents information about the Company’s financial assets and liabilities that have been measured at fair value as of March 31, 2017, and indicates the fair value hierarchy of the valuation inputs utilized to determine such fair value (in thousands):
Description
 
Fair Value
as of
March 31,
2017
 
Quoted
Prices in
Active
Markets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
Assets:
 
 
 
 
 
 
Cash and cash equivalents and restricted cash
 
$
200,377

 
$
200,377

 
$
—

Available-for-sale investments (1)
 
84,813

 
84,813

 
—

Foreign currency exchange contracts (2)
 
6,723

 
—

 
6,723

Assets measured at fair value at March 31, 2017
 
$
291,913

 
$
285,190

 
$
6,723

Liabilities:
 
 
 
 
 
 
Foreign currency exchange contracts (3)
 
594

 
—

 
594

Liabilities measured at fair value at March 31, 2017
 
$
594

 
$
—

 
$
594

(1)
Included in “Short-term investments” on the Company’s Condensed Consolidated Balance Sheets.
(2)
Included in “Prepaid expenses and other current assets” and “Other non-current assets” on the Company’s Condensed Consolidated Balance Sheets.
(3)
Included in “Other accrued liabilities” and “Other non-current liabilities” on the Company’s Condensed Consolidated Balance Sheets.
Schedule of Notional Amounts of Outstanding Derivative Positions
As of March 31, 2017 and December 31, 2016, the Company had outstanding foreign currency exchange contracts that had been dedesignated for the purposes of hedge accounting treatment. The outstanding notional amounts were approximately (in millions):
 
March 31,
2017
 
December 31, 2016
British Pounds (GBP)
34.0

 
33.8

Euros (EUR)
3.6

 
8.0

Japanese Yen (JPY)
233.8

 
2,464.7

Canadian Dollars (CAD)
—

 
32.4

As of March 31, 2017 and December 31, 2016, the Company had outstanding foreign currency exchange contracts that were designated and accounted for as cash flow hedges of anticipated future cash receipts on sales contracts payable in foreign currencies. The outstanding notional amounts were approximately (in millions):
 
 
March 31,
2017
 
December 31, 2016
Euros (EUR)
 
1.5

 
1.5

Swiss Francs (CHF)
 
3.6

 
3.6

Japanese Yen (JPY)
 
3,377.6

 
—

Canadian Dollars (CAD)
 
54.4

 
54.4
Fair Values of Derivative Instruments and Balance Sheet Location
Fair values of derivative instruments designated as cash flow hedges (in thousands):
Hedge Classification
Balance Sheet Location
 
Fair Value
as of
March 31,
2017
 
Fair Value
as of
December 31,
2016
Foreign currency exchange contracts
Prepaid expenses and other current assets
 
$
57

 
$
71

Foreign currency exchange contracts
Other non-current assets
 
—

 
367

Foreign currency exchange contracts
Other accrued liabilities
 
(47
)
 
(9
)
Foreign currency exchange contracts
Other non-current liabilities
 
(419
)
 
(5
)
Total fair value of derivative instruments designated as cash flow hedges
 
 
$
(409
)
 
$
424

Fair values of derivative instruments not designated as cash flow hedges (in thousands):
Hedge Classification
Balance Sheet Location
 
Fair Value
as of
March 31,
2017
 
Fair Value
as of
December 31,
2016
Foreign currency exchange contracts
Prepaid expenses and other current assets
 
$
2,163

 
$
5,344

Foreign currency exchange contracts
Other non-current assets
 
4,503

 
5,468

Foreign currency exchange contracts
Other accrued liabilities
 
(128
)
 
(27
)
Total fair value of derivative instruments not designated as cash flow hedges
 
 
$
6,538

 
$
10,785