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Fair Value Measurement (Tables)
12 Months Ended
Dec. 31, 2015
Fair Value Disclosures [Abstract]  
Fair Values of our Derivative Assets and Liabilities
The fair values of our derivative assets and liabilities measured on a recurring basis as of December 31 are categorized as follows (in thousands):
 
2015
 
2014
 
Total
 
Level 1
 
Level 2
 
Level 3
 
Total
 
Level 1
 
Level 2
 
Level 3
Derivative assets 1
$
36

 
$

 
$
36

 
$

 
$
232

 
$

 
$
232

 
$

Derivative liabilities 1
$
524

 
$

 
$
524

 
$

 
$
562

 
$

 
$
562

 
$

 
1 
Based on observable market transactions of spot and forward rates.
Notional Amount of Foreign Exchange Contracts
The following table summarizes the notional amount of our open foreign exchange contracts at December 31 (in thousands):
 
2015
 
2014
 
U.S. $
Equivalent
 
U.S.
Equivalent
Fair Value
 
U.S. $
Equivalent
 
U.S.
Equivalent
Fair Value
Commitments to buy or sell currencies
$
15,490

 
$
15,479

 
$
24,206

 
$
23,411

Fair Value and Presentation in Consolidated Balance Sheets for Derivatives not Designated as Accounting Hedges
The following table summarizes the fair value and presentation in the consolidated balance sheets for derivatives not designated as accounting hedges at December 31 (in thousands):
 
Asset Derivatives
 
2015
 
2014
 
Balance Sheet
Location
 
Fair Value
 
Balance Sheet
Location
 
Fair Value
Foreign exchange contracts
Other current assets
 
$
36

 
Other current assets
 
$
232

 
 
 
 
 
 
 
 
 
Liability Derivatives
 
2015
 
2014
 
Balance Sheet
Location
 
Fair Value
 
Balance Sheet
Location
 
Fair Value
Foreign exchange contracts
Accrued liabilities
 
$
524

 
Accrued liabilities
 
$
562

Effect of Derivative Instruments on Consolidated Statements of Income for Derivatives not Designated as Accounting Hedges
The following table summarizes the effect of derivative instruments on the consolidated statements of income (loss) for derivatives not designated as accounting hedges at December 31 (in thousands):
 
 
 
2015
 
2014
 
Location of Gain (Loss)
Recognized in Income on
Derivatives
 
Amount of Gain (Loss)
Recognized in Income on
Derivatives
Foreign exchange contracts
Cost of Revenues
 
$
151

 
$
(484
)
Carrying Amounts and Fair Values of Our Long-Term Debt Obligations
The carrying amounts and fair values of our long-term debt at December 31 are as follows (in thousands):
 
2015
 
2014
 
Carrying
Amount
 
Fair Value
 
Carrying
Amount
 
Fair Value
Long-term debt
$
235,000

 
$
192,700

 
$
250,000

 
$
257,500