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Derivatives
 6 Months Ended
Jun. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivatives Derivatives
The following table sets forth the total net fair value of derivatives:  
 
 
June 30, 2020
 
December 31, 2019
 
 
Fair Value Measurement Using
 
Total Balance
 
Fair Value Measurement Using
 
Total Balance
(In thousands)
 
Level 1
 
Level 2
 
Level 3
 
 
Level 1
 
Level 2
 
Level 3
 
Foreign currency exchange contracts
 
$
—

 
$
(73
)
 
$
—

 
$
(73
)
 
$
—

 
$
(172
)
 
$
—

 
$
(172
)

We held foreign currency exchange contracts, which resulted in a net pre-tax loss of $0.7 million and a net pre-tax loss of $0.1 million for the three months ended June 30, 2020 and 2019, respectively. For the six months ended June 30, 2020 and 2019, we had a net pre-tax loss of $0.5 million and a net pre-tax loss of $0.4 million, respectively (see Note 16).
Details of foreign currency exchange contracts held were as follows:
Date Held
 
Currency
 
Position Held
 
Notional Value
(in millions)
 
Forward Rate
 
Unrealized Gain/(Loss) Recorded at Balance Sheet
Date
(in thousands)(1)
 
Settlement Date
June 30, 2020
 
USD/Chinese Yuan Renminbi
 
CNY
 
$
42.0

 
7.0741

 
$
(22
)
 
July 24, 2020
June 30, 2020
 
USD/Euro
 
USD
 
$
37.0

 
1.1219

 
$
(71
)
 
July 24, 2020
June 30, 2020
 
USD/Brazilian Real
 
USD
 
$
1.0

 
5.3634

 
$
13

 
July 24, 2020
June 30, 2020
 
USD/Mexican Peso
 
USD
 
$
3.2

 
23.0015

 
$
7

 
July 24, 2020
December 31, 2019
 
USD/Chinese Yuan Renminbi
 
USD
 
$
35.0

 
6.9867

 
$
100

 
January 23, 2020
December 31, 2019
 
USD/Brazilian Real
 
USD
 
$
0.5

 
4.0560

 
$
(6
)
 
January 24, 2020
December 31, 2019
 
USD/Euro
 
USD
 
$
28.0

 
1.1133

 
$
(253
)
 
January 24, 2020
December 31, 2019
 
USD/Brazilian Real
 
USD
 
$
0.7

 
4.0870

 
$
(13
)
 
January 24, 2020
(1) 
Unrealized gains on foreign currency exchange contracts are recorded in prepaid expenses and other current assets. Unrealized losses on foreign currency exchange contracts are recorded in other accrued liabilities.