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Derivative Instruments (Tables)
 9 Months Ended
Sep. 30, 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 cash flow hedges and has recorded the estimated fair value of the contracts in the consolidated balance sheets as follows:

  
September 30,
  
December 31,
 
(in thousands)
 
2016
  
2015
 
       
Asset derivatives
      
Prepaid expenses and other current assets
 
$
-
  
$
115
 
Other assets
  
-
   
6
 
   
-
   
121
 
Liability derivatives
        
Other current liabilities
  
(178
)
  
(57
)
Other liabilities
  
(52
)
  
-
 
   
(230
)
  
(57
)
         
Net fair value
 
$
(230
)
 
$
64
 
Net (Loss) Gain on Derivative Instruments
For the three and nine months ended September 30, 2016, and September 30, 2015, the Company recognized a net (loss) gain on its derivative instruments as outlined below:

  
Three months ended
September 30,
  
Nine months ended
September 30,
 
(in thousands)
 
2016
  
2015
  
2016
  
2015
 
             
Foreign exchange contracts-change in fair value
 
$
(125
)
 
$
34
  
$
(302
)
 
$
(53
)
Remeasurement of related contract receivables,
 billings in excess of revenue earned, and
 subcontractor accruals
  
(86
)
  
(14
)
  
(44
)
  
(6
)
                 
(Loss) gain on derivative instruments, net
 
$
(211
)
 
$
20
  
$
(346
)
 
$
(59
)