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Derivatives (Tables)
 3 Months Ended
Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Notional Amounts of Outstanding Derivative Positions
Outstanding foreign currency forward exchange contracts qualifying and designated for hedge accounting treatment were as follows (in thousands USD):
 
March 31, 2020
 
December 31, 2019
 
Notional
Amount
 
Unrealized
Net Gain
(Loss)
 
Notional
Amount
 
Unrealized
Net Gain
(Loss)
USD / AUD
$
2,880

 
$
305

 
$
3,840

 
$
(106
)
USD / CAD
2,461

 
(19
)
 
3,888

 
32

USD / CNY
892

 
—

 
—

 
—

USD / EUR
92,582

 
605

 
110,905

 
122

USD / GBP
3,047

 
33

 
3,972

 
(8
)
USD / NZD
1,170

 
72

 
2,760

 
(166
)
USD / SEK
3,503

 
12

 
5,062

 
(38
)
USD / MXP
7,240

 
(905
)
 
6,763

 
346

EUR / CAD
3,006

 
(154
)
 
4,151

 
24

EUR / CHF
7,215

 
(221
)
 
9,821

 
10

EUR / GBP
23,281

 
10

 
29,824

 
(216
)
EUR / SEK
6,855

 
(4
)
 
9,493

 
(46
)
EUR / NOK
4,240

 
80

 
5,797

 
15

DKK / SEK
4,209

 
5

 
5,936

 
24

NOK / SEK
3,871

 
50

 
5,151

 
18

 
$
166,452

 
$
(131
)
 
$
207,363

 
$
11
Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location
Foreign currency forward exchange contracts not qualifying or designated for hedge accounting treatment, as well as ineffective hedges, entered into in 2020 and 2019, respectively, and outstanding were as follows (in thousands USD):
 
March 31, 2020
 
December 31, 2019
 
Notional
Amount
 
Gain
(Loss)
 
Notional
Amount
 
Gain
(Loss)
AUD / USD
$
4,000

 
$
239

 
$
10,000

 
$
(94
)
CAD / USD
8,000

 
(167
)
 
8,000

 
(50
)
EUR / USD
7,000

 
(342
)
 
10,000

 
104

DKK / USD
94,900

 
165

 
—

 
—

GBP / USD
—

 
—

 
7,000

 
40

NOK / USD
59,200

 
(688
)
 
—

 
—

NZD / USD
835

 
64

 
4,500

 
(101
)
AUD / NZD
7,900

 
5

 
7,900

 
23

 
$
181,835

 
$
(724
)
 
$
47,400

 
$
(78
)
Schedule of Derivatives Instruments Statements of Financial Position, Fair Value
The fair values of the company’s derivative instruments were as follows (in thousands):
 
March 31, 2020
 
December 31, 2019
 
Assets
 
Liabilities
 
Assets
 
Liabilities
Derivatives designated as hedging instruments under ASC 815
 
 
 
 
 
 
 
Foreign currency forward exchange contracts
$
1,229

 
$
1,360

 
$
668

 
$
657

Derivatives not designated as hedging instruments under ASC 815
 
 
 
 
 
 
 
Foreign currency forward exchange contracts
497

 
1,221

 
170

 
248

Total derivatives
$
1,726

 
$
2,581

 
$
838

 
$
905
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)
The effect of derivative instruments on Accumulated Other Comprehensive Income (OCI) and the Statement of Comprehensive Income (Loss) and was as follows (in thousands):
Derivatives in ASC 815 cash flow hedge
relationships
Amount of Gain
(Loss) Recognized  in Accumulated OCI on Derivatives
(Effective Portion)
 
Amount of Gain (Loss)
Reclassified from
Accumulated  OCI into
Income (Effective
Portion)
 
Amount of Gain (Loss)
Recognized in Income on
Derivatives (Ineffective  Portion and Amount Excluded from
Effectiveness Testing)
Three months ended March 31, 2020
 
 
 
 
 
Foreign currency forward exchange contracts
$
(261
)
 
$
(119
)
 
$
64

Three months ended March 31, 2019
 
 
 
 
 
Foreign currency forward exchange contracts
$
(259
)
 
$
229

 
$
8

 
 
 
 
 
 
Derivatives not designated as hedging
instruments under ASC 815
 
 
 
 
Amount of Gain (Loss)
Recognized in Income on Derivatives
Three months ended March 31, 2020
 
 
 
 
 
Foreign currency forward exchange contracts
 
$
(724
)
Three months ended March 31, 2019
 
 
 
 
 
Foreign currency forward exchange contracts
 
$
(12
)
Schedule of Fair Value Hedging Instruments, Statements of Financial Performance and Financial Position, Location
The fair values of the outstanding convertible note derivatives as of March 31, 2020 and their effect on the Statement of Comprehensive Income (Loss) were as follows (in thousands):
 
 
 
Gain (Loss)
 
Fair Value
 
Three Months Ended
 
March 31, 2020
 
March 31, 2020
 
March 31, 2019
Convertible 2021 debt conversion long-term liability
$
—

 
$
—

 
$
(6,715
)
Convertible 2022 debt conversion long-term liability
—

 
—

 
(8,684
)
Convertible 2021 note hedge long-term asset
—

 
—

 
6,504

Convertible 2022 note hedge long-term asset
—

 
—

 
8,622

Net fair value and net loss on convertible debt derivatives
$
—

 
$
—

 
$
(273
)