v3.10.0.1
Derivative Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2018
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, 2018
 
December 31, 2017
 
December 31, 2018
 
December 31, 2017
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
 
$708
 
Prepaid
expenses
and other
current
assets
 
$2,481
 
Accrued
expenses
and other
current
liabilities
 
$1,811
 
Accrued
expenses
and other
current
liabilities
 
$110
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Asset Derivatives
 
Liability Derivatives
 
(In thousands)
 
December 31, 2018
 
December 31, 2017
 
December 31, 2018
 
December 31, 2017
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
 
$56
 
Prepaid
expenses
and other
current
assets
 
$17
 
Accrued
expenses
and other
current
liabilities
 
$732
 
Accrued
expenses
and other
current
liabilities
 
$704
Schedule of Effect of Derivative Instruments on Financial Performance
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 Income (Loss)
(Effective Portion)
 
Location of (Loss) Gain Reclassified from Accumulated Other
Comprehensive Loss
 into Income
(Effective Portion)
 
Amount of (Loss) Gain Reclassified from
Accumulated Other 
Comprehensive Loss
(Effective Portion)
 
2018
 
2017
 
 
 
2018
 
2017
Foreign currency forward contracts
$
(3,143
)
 
$
5,288

 
Operating expenses
 
$
(699
)
 
$
758

 
For the Year ended December 31,
 
(In thousands)
Derivatives Not Designated as Hedging Instruments
Location of Gain (Loss) Recognized in Income on
Derivative
 
Amount of Gain (Loss) Recognized in Income on Derivative
 
 
 
2018
 
2017
Foreign currency forward contracts
Other (expense) income, net
 
$
7,062

 
$
(6,804
)
Currency Forward Contracts Outstanding
As of December 31, 2018, the Company had the following net notional foreign currency forward contracts outstanding (in thousands):
Foreign Currency
Currency
Denomination
Australian dollars
AUD 18,200
Brazilian Real
BRL 5,500
British pounds sterling
GBP 14,100
Canadian dollars
CAD 2,350
Chinese renminbi
CNY 41,800
Danish krone
DKK 6,329
Euro
EUR 9,736
Hong Kong dollars
HKD 20,600
Indian rupees
INR 62,000
Japanese yen
JPY 2,300,000
Korean Won
KRW 150,000
New Zealand Dollar
NZD 100
Singapore dollars
SGD 13,500
Swiss francs
CHF 19,450