Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 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:

	June 30,		December 31,
(in thousands)	2017		2016
Asset derivatives
Prepaid expenses and other current assets	$	100	$	57
Other assets		108		84
		208		141
Liability derivatives
Other current liabilities		(4)		(20)
		(4)		(20)
Net fair value	$	204	$	121

Net (Loss) Gain on Derivative Instruments

For the three and six months ended June 30, 2017 and 2016, the Company recognized a net gain (loss) on its derivative instruments as outlined below:

	Three months ended June 30,				Six months ended June 30,
(in thousands)	2017		2016		2017		2016
Foreign exchange contracts-change in fair value	$	157	$	6	$	71	$	(177)
Remeasurement of related contract receivables,  billings in excess of revenue earned, and  subcontractor accruals		158		(23)		84		42
Gain (loss) on derivative instruments, net	$	315	$	(17)	$	155	$	(135)