Derivative Instruments (Tables)

9 Months Ended

Sep. 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:

	September 30,			December 31,
(in thousands)	2012			2011
Asset derivatives
Prepaid expenses and other current assets	$	481		$	393
Other assets		26			90
		507			483
Liability derivatives
Other current liabilities		(203	)		(258	)
Other liabilities		(167	)		(56	)
		(370	)		(314	)
Net fair value	$	137		$	169

Gain (loss) from derivative instruments

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

	Three Months ended						Nine Months ended
	September 30,						September 30,
(in thousands)	2012			2011			2012			2011
Foreign exchange contracts- change in fair value	$	(134	)	$	(143	)	$	(42	)	$	(298	)
Remeasurement of related contract receivables, billings in excess of revenue earned, and subcontractor accruals		154			14			78			347
Gain (loss) on derivative instruments, net	$	20		$	(129	)	$	36		$	49