Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Balance Sheet Location and Fair Value of Assets Associated with Derivative Financial Instruments

The following table presents the unaudited Condensed Consolidated Balance Sheet location and fair value of assets and liabilities associated with derivative financial instruments:

(In thousands)	September 30, 2020		December 31, 2019
Derivatives not designated as hedging instruments:
Foreign exchange contracts: Warranty reserve and other current liabilities	$	79	$	125
Foreign exchange contracts: Prepaid expenses and other current assets	68		687

Income Statement Location and Impact of Derivative Financial Instruments

The following table presents the unaudited Condensed Consolidated Statement of Income location and impact of derivative financial instruments:

		(Gain) Loss Recognized in Income
		Nine Months Ended September 30,
(In thousands)	Statement of Income Location	2020		2019
Derivatives not designated as hedging instruments:
Foreign exchange contracts	Currency exchange losses (gains), net	$	(4,226)	$	4,647