Derivative Instruments (Tables)

3 Months Ended

Mar. 31, 2018

Derivative Instruments [Abstract]

Estimated Fair Value of the Contracts in the Consolidated Balance Sheets

The Company has 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)	2018		2017
Asset derivatives
Prepaid expenses and other current assets	$	83	$	201
Net fair value	$	83	$	201

Net (Loss) Gain on Derivative Instruments

For the three months ended March 31, 2018 and 2017, the Company recognized a net loss on its derivative instruments as outlined below:

	Three months ended March 31,
(in thousands)	2018		2017
Foreign exchange contracts - change in fair value	$	(118)	$	(86)
Remeasurement of related contract receivables,  and billings in excess of revenue earned		(38)		(74)
Loss on derivative instruments, net	$	(156)	$	(160)