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Derivative Instruments (Tables)
 3 Months Ended
Mar. 31, 2019
Derivative Instruments [Abstract]  
Estimated Fair Value of the Contracts in the Consolidated Balance Sheets
The Company reports all derivatives at fair value. These contracts are recognized as either assets or liabilities, depending upon the derivative’s fair value. The estimated net fair values of the derivative contracts on the consolidated balance sheets are as follows:

  
March 31,
  
December 31,
 
(in thousands)
 
2019
  
2018
 
Prepaid expenses and other current assets
      
Foreign exchange contracts
 
$
145
  
$
43
 
Total asset derivatives
  
145
   
43
 
         
Other liabilities
        
Interest rate swaps
  
(128
)
  
(103
)
Total liability derivatives
  
(128
)
  
(103
)
         
Net fair value
 
$
17
  
$
(60
)
Net (Loss) Gain on Derivative Instruments
For the three months ended March 31, 2019 and 2018, the Company recognized net gain (loss) on its derivative instruments as outlined below:

  
Three months ended
March 31,
 
(in thousands)
 
2019
  
2018
 
Interest rate swap - change in fair value
 
$
(26
)
 
$
-
 
Foreign exchange contracts - change in fair value
  
102
   
(118
)
Remeasurement of related contract receivables,
 and billings in excess of revenue earned
  
17
   
(38
)
Gain (loss) on derivative instruments, net
 
$
93
  
$
(156
)