Derivatives (Tables)

3 Months Ended

Mar. 31, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Gain (Loss) Recorded in Other Expense (Income), Net in Consolidated Statements of Income

The following table sets forth the net (loss) gains recorded in other expense (income), net in the Consolidated

Statements of Income for the three-month periods ended March 31, 2018 and 2017 for non-designated derivatives held by the Company. Such amounts were substantially offset by the net (gain) loss recorded on the underlying hedged asset or liability, also recorded in other expense (income), net.

	Three months ended March 31,
	2018			2017
Foreign exchange contracts	$	(6,092	)	$	(896	)

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)

The following table sets forth the gain (loss) recorded in accumulated other comprehensive income (loss), net of tax, for the three-month periods ended March 31, 2018 and 2017 for derivatives held by the Company and designated as hedging instruments.

	Three months ended March 31,
	2018			2017
Cash flow hedges:
Interest rate contracts	$	1,235		$	47
Foreign exchange contracts	(839		)	36
	$	396		$	83

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The following table sets forth the fair value amounts of derivative instruments held by the Company.

	March 31, 2018					December 31, 2017
	Asset Derivatives		Liability Derivatives			Asset Derivatives		Liability Derivatives
Derivatives designated as hedging instruments:
Interest rate contracts	$	2,274	$	—		$	654	$	—
Foreign exchange contracts	—		(1,454		)	—		(379		)
Derivatives not designated as hedging instruments:
Foreign exchange contracts	640		(1,096		)	58		(29		)
Total derivatives	$	2,914	$	(2,550	)	$	712	$	(408	)