XML 38 R28.htm IDEA: XBRL DOCUMENT v3.4.0.3
Derivative Instruments (Tables)
3 Months Ended
Mar. 31, 2016
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)
 
2016
  
2015
 
       
Asset derivatives
      
Prepaid expenses and other current assets
 
$
39
  
$
115
 
Other assets
  
-
   
6
 
   
39
   
121
 
Liability derivatives
        
Other current liabilities
  
(159
)
  
(57
)
   
(159
)
  
(57
)
         
Net fair value
 
$
(120
)
 
$
64
 

Derivative Instruments, Gain (Loss) [Table Text Block]
For the three months ended March 31, 2016 and March 31, 2015, the Company recognized a net loss on its derivative instruments as outlined below:

  
Three months ended
March 31,
 
(in thousands)
 
2016
  
2015
 
       
Foreign exchange contracts- change in fair value
 
$
(183
)
 
$
-
 
Remeasurement of related contract receivables,
 billings in excess of revenue earned, and
 subcontractor accruals
  
65
   
(48
)
Loss on derivative instruments, net
 
$
(118
)
 
$
(48
)