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Derivative Instruments (Tables)
 3 Months Ended
Mar. 31, 2014
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:

 
 
March 31,
  
December 31,
 
(in thousands)
 
2014
  
2013
 
 
 
  
 
Asset derivatives
 
  
 
Prepaid expenses and other current assets
 
$
49
  
$
140
 
Other assets
  
-
   
2
 
 
  
49
   
142
 
Liability derivatives
        
Other current liabilities
  
(315
)
  
(637
)
Other liabilities
  
(4
)
  
(18
)
 
  
(319
)
  
(655
)
 
        
Net fair value
 
$
(270
)
 
$
(513
)
 
Gain (loss) from derivative instruments
For the three months ended March 31, 2014 and 2013, the Company recognized a net gain on its derivative instruments as outlined below:

 
 
Three Months ended
March 31,
 
(in thousands)
 
2014
  
2013
 
 
 
  
 
Foreign exchange contracts- change in fair value
 
$
243
  
$
549
 
Remeasurement of related contract receivables,
 billings in excess of revenue earned, and
 subcontractor accruals
  
(139
)
  
(282
)
 
        
Gain on derivative instruments, net
 
$
104
  
$
267