Derivative Financial Instruments

6 Months Ended

Jun. 30, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Financial Instruments

12. Derivative Financial Instruments

As of June 30, 2022 and December 31, 2021, the notional amount of the Company’s outstanding foreign exchange options was $26.5 million and $30.4 million, respectively. There were no outstanding forward contracts as of June 30, 2022 and December 31, 2021.

The following table shows the pre-tax effects of the Company’s derivative instruments on its unaudited condensed consolidated statements of operations (in thousands):

		Three months ended June 30,						Six months ended June 30,
	Financial Statement Line Item	2022			2021			2022			2021
Unrealized gains (losses)	Other comprehensive income (loss)	$	13		$	(78	)	$	(149	)	$	(170	)
Losses reclassified from accumulated other	Cost of revenue	$	(32	)	$	(65	)	$	(62	)	$	(138	)
comprehensive loss into net loss	General and administrative		(42	)		(107	)		(81	)		(201	)
Total amounts reclassified		$	(74	)	$	(172	)	$	(143	)	$	(339	)
Gains (losses) recognized on derivatives   not designated as hedging instruments	Cost of revenue	$	6		$	(20	)	$	(45	)	$	(41	)