Annual report pursuant to Section 13 and 15(d)

Derivative Instruments And Hedging Strategies (Tables)

v3.8.0.1
Derivative Instruments And Hedging Strategies (Tables)
12 Months Ended
Dec. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair Values Of Derivative Instruments
Derivative instruments are classified as either assets or liabilities based on their individual fair values. The fair values of the Company’s derivative instruments as of December 31 were as follows (in thousands):
 
2017
 
2016
 
Derivative
Asset
 
Derivative
Liability
 
Derivative
Asset
 
Derivative
Liability
Exchange option liability on subsidiary convertible senior notes

 

 

 
19,436

Forward currency exchange, option and future contracts(1)

 

 

 
36

 
$

 
$

 
$

 
$
19,472

______________________
(1)
Included in other current liabilities in the accompanying consolidated balance sheets.
Recognized Gains (Losses) On Derivative Instruments Not Designated As Hedging Instruments
The Company recognized gains (losses) on derivative instruments not designated as hedging instruments for the years ended December 31 as follows (in thousands):
 
Derivative gains (losses), net
 
2017
 
2016
 
2015
Exchange option liability on subsidiary convertible senior notes
$
19,436

 
$
(13,826
)
 
$
2,900

Options on equities and equity indices

 

 
(452
)
Forward currency exchange, option and future contracts
291

 
(296
)
 
(519
)
Commodity swap, option and future contracts:
 
 
 
 
 
Exchange traded

 
(9
)
 
(1,493
)
Non-exchange traded

 

 
1,485

 
$
19,727

 
$
(14,131
)
 
$
1,921