Derivative Instruments and Hedges (Tables)

3 Months Ended

Mar. 31, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Fair Value of Forward Exchange Contracts not Designated as Hedging Instruments

The fair values of foreign exchange contracts are summarized below:

	March 31,		December 31,
(Amounts in thousands)	2020		2019
Current derivative assets	$	1,556	$	892
Noncurrent derivative assets	—		15
Current derivative liabilities	6,659		3,418
Noncurrent derivative liabilities	392		8

Impact of Net Changes in Fair Values of Forward Exchange Contracts Not Designated as Hedging Instruments

The impact of net changes in the fair values of foreign exchange contracts are summarized below:

	Three Months Ended March 31,
(Amounts in thousands)	2020		2019
Gains (losses) recognized in income	$	3,459	$	(1,281)