Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 2012

Derivative Instruments [Abstract]

Estimated fair value of the contracts in the consolidated balance sheets

The Company has not designated any of the foreign exchange contracts outstanding as hedges and has recorded the estimated fair value of the contracts in the consolidated balance sheets as follows:

	June 30,		December 31,
(in thousands)	2012		2011
Asset derivatives
Prepaid expenses and other current assets	$	655	$	393
Other assets		21	90
		676	483
Liability derivatives
Other current liabilities		(304)	(258)
Other liabilities		(121)	(56)
		(425)	(314)
Net fair value	$	251	$	169

Gain (loss) from derivative instruments

For the three and six months ended June 30, 2012 and 2011, the Company recognized a net gain (loss) on its derivative instruments as outlined below:

	Three Months ended						Six Months ended
	June 30,						June 30,
(in thousands)	2012			2011			2012			2011
Foreign exchange contracts- change in fair value	$	(93	)	$	(716	)	$	93		$	(155	)
Remeasurement of related contract receivables, billings in excess of revenue earned, and subcontractor accruals		(291	)		306			(77	)		333
Gain (loss) on derivative instruments, net	$	(384	)	$	(410	)	$	16		$	178