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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
 3 Months Ended
Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Values of Derivative Assets and Liabilities
The fair values of derivative assets and liabilities, net, all of which are classified as Level 2, reported within ‘Accrued expenses and other liabilities’ or ‘Prepaid expenses and other assets’ in the condensed consolidated balance sheets were:
March 31, 2020December 31, 2019
Derivative AssetsDerivative LiabilitiesDerivative AssetsDerivative Liabilities
(in thousands)
Forward foreign currency exchange contracts$1,990  $(2,983) $535  $(424) 
Netting of counterparty contracts(1,990) 1,990  (424) 424  
  Foreign currency forward contract derivatives$—  $(993) $111  $—  
Summary of Derivative Financial Instruments Notional Amounts on Outstanding Positions
The notional amounts of outstanding foreign currency forward exchange contracts presented below report the total U.S. Dollar equivalent position and the net contract fair values for each foreign currency position.
March 31, 2020December 31, 2019
NotionalFair ValueNotionalFair Value
(in thousands)
Euro$27,818  $(82) $46,757  $36  
Singapore Dollar37,416  (1,730) 31,255  344  
Japanese Yen28,022  (517) 11,823  63  
South Korean Won22,453  458  10,328  (82) 
British Pound Sterling4,816  192  9,155  (104) 
Other currencies23,219  686  24,969  (146) 
Total  $143,744  $(993) $134,287  $111  
Latest maturity dateApril 2020January 2020
Schedule of Gains / Losses from Foreign Currency Transactions and Derivative Contracts
Amounts reported in ‘Foreign currency losses, net’ in the condensed consolidated statements of operations include both realized and unrealized gains (losses) from foreign currency transactions and derivative contracts, and were:
Three Months Ended
March 31,
 20202019
 (in thousands)
Foreign currency transaction gains (losses)
$1,027  $(1,433) 
Foreign currency forward exchange contracts gains (losses)
(1,258) 216  
Foreign currency losses, net
$(231) $(1,217)