XML 43 R30.htm IDEA: XBRL DOCUMENT v3.7.0.1
Derivative Instruments (Tables)
 3 Months Ended
Mar. 31, 2017
Derivative Instruments [Abstract]  
Estimated Fair Value of the Contracts in the Consolidated Balance Sheets
The Company had not designated the foreign exchange contracts as hedges and recorded the estimated net fair values of the contracts on the consolidated balance sheets as follows:

  
March 31,
  
December 31,
 
(in thousands)
 
2017
  
2016
 
       
Asset derivatives
      
Prepaid expenses and other current assets
 
$
27
  
$
57
 
Other assets
  
44
   
84
 
   
71
   
141
 
Liability derivatives
        
Other current liabilities
  
(36
)
  
(20
)
   
(36
)
  
(20
)
         
Net fair value
 
$
35
  
$
121
 
Net (Loss) Gain on Derivative Instruments
For the three months ended March 31, 2017 and 2016, the Company recognized a net loss on its derivative instruments as outlined below:

  
Three months ended
March 31,
 
(in thousands)
 
2017
  
2016
 
       
Foreign exchange contracts - change in fair value
 
$
(86
)
 
$
(183
)
Remeasurement of related contract receivables,
 and billings in excess of revenue earned
  
(74
)
  
65
 
Loss on derivative instruments, net
 
$
(160
)
 
$
(118
)