Fair Value Measurement (Tables)

12 Months Ended

Dec. 31, 2019

Fair Value Disclosures [Abstract]

Fair Values of our Derivative Assets and Liabilities

The fair values of our derivative instruments and contingent consideration measured on a recurring basis as of December 31 and are categorized as follows:

		2019								2018
		Total		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3
Derivative assets	Foreign exchange contract 1	$	464	$	—	$	464	$	—	$	496	$	—	$	496	$	—
	Interest rate swap agreement 2	$	150	$	—	$	150	$	—	$	1,131	$	—	$	1,131	$	—
Derivative liabilities	Interest rate swap agreement 3	$	995	$	—	$	995	$	—	$	—	$	—	$	—	$	—
Earnout liability	Contingent consideration 5	$	4,700	$	—	$	—	$	4,700	$	—	$	—	$	—	$	—
Derivative equity	Foreign exchange contract 4	$	464	$	—	$	464	$	—	$	496	$	—	$	496	$	—

¹  Presented in the Consolidated Balance Sheets in other current assets and based on observable market transactions of spot and forward rates.

²  Presented in the Consolidated Balance Sheets in other assets and based on observable market transactions of forward rates.

³  Presented in the Consolidated Balance Sheets in accrued liabilities and other and based on observable market transactions of forward rates.

⁴  Presented in the Consolidated Balance Sheets in accumulated other comprehensive income (loss) and based on observable market transactions of forward rates.

⁵  Presented in the Consolidated Balance Sheets in accrued liabilities and other long term liabilities and based on a Monte Carlo valuation model.

Notional Amount of Foreign Exchange Contracts

The following table summarizes the notional amount of our open foreign exchange contracts at December 31:

	2019				2018
	U.S. $ Equivalent		U.S. $ Equivalent Fair Value		U.S. $ Equivalent		U.S. $ Equivalent Fair Value
Commitments to buy or sell currencies	$	22,474	$	22,939	$	22,371	$	22,867

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 Operations for derivatives not designated as hedging instruments at December 31:

		2019			2018
	Location of Gain (Loss) Recognized on Derivatives	Amount of Gain (Loss) Recognized on Derivatives
Foreign exchange contracts	Cost of Revenues	$	4		$	607
Interest rate swap agreement	Interest and Other Expense	$	(1,818	)	$	785

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:

	2019				2018
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Term loan and security agreement 1	$	156,384	$	157,983	$	163,758	$	161,759

¹  Presented in the Consolidated Balance Sheets as the current portion of long-term debt (net of current prepaid debt financing costs of $0.5 million and current original issue discount of $0.6 million) of $3.3 million and long-term debt (net of long-term prepaid debt financing costs of $1.2 million and long-term original issue discount of $1.3 million) of $153.1 million.