Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of fair value amounts of derivative instruments

The following table provides a summary of the fair value amounts of our derivative instruments, all of which are Level 2 inputs as defined below (in thousands):

Designation of Derivatives	Balance Sheet Location	March 31,   2017		December 31,   2016
Derivatives Designated as Hedging Instruments:
Interest Rate Swaps	Other non-current assets	$	1,863	$	1,061
	Total Assets	$	1,863	$	1,061
Forward Currency Contracts	Accrued expenses	$	55	$	57
	Total Liabilities	$	55	$	57
Derivatives Not Designated as Hedging Instruments:
Forward Currency Contracts	Prepaid expenses and other current assets	$	—	$	26
	Total Assets	$	—	$	26
Forward Currency Contracts	Accrued expenses	$	41	$	—
	Total Liabilities	$	41	$	—
	Total Derivative Assets	$	1,863	$	1,087
	Total Derivative Liabilities	96		57
	Total Net Derivative Asset (Liability)	$	1,767	$	1,030

Schedule of assets and liabilities measured at fair value on a recurring basis

The following tables represent assets and liabilities measured at fair value on a recurring basis and the basis for that measurement (in thousands):

	Total Fair Value at March 31, 2017		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Forward Currency Contracts	$	—	$	—	$	—	$	—
Interest Rate Swap	1,863		—		1,863		—
Total	$	1,863	$	—	$	1,863	$	—
Liabilities:
Forward Currency Contracts	$	96	$	—	$	96	$	—
Interest Rate Swap	—		—		—		—
Total	$	96	$	—	$	96	$	—

	Total Fair Value at December 31, 2016		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Forward Currency Contracts	$	26	$	—	$	26	$	—
Interest Rate Swap	1,061		—		1,061		—
Total	$	1,087	$	—	$	1,087	$	—
Liabilities:
Forward Currency Contracts	$	57	$	—	$	57	$	—
Interest Rate Swap	—		—		—		—
Total	$	57	$	—	$	57	$	—

Summary of derivative positions

The following table summarizes the Company’s derivative positions at March 31, 2017:

	Position	Notional Amount		Weighted Average Remaining Maturity In Years	Average Exchange Rate
USD/EURO	Sell	€	3,400,000	0.3	1.07
USD/British Pound	Sell	£	4,595,000	0.3	1.26
EURO/British Pound	Sell	£	5,700,000	0.3	.85
Interest Rate Swap		$	242,812,500	3.6