XML 102 R47.htm IDEA: XBRL DOCUMENT v3.20.1
Derivative Instruments (Tables)
 12 Months Ended
Dec. 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:

  
December 31,
 
(in thousands)
 
2019
  
2018
 
       
Asset derivatives
      
Prepaid expenses and other current assets
 
$
49
  
$
43
 
   
49
   
43
 
         
Liability derivatives
        
   Other liabilities
  
(160
)
  
(103
)
   
(160
)
  
(103
)
         
Net fair value
 
$
(111
)
 
$
(60
)
Net (Loss) Gain on Derivative Instruments
For the years ended December 31, 2019 and 2018, the Company recognized a net (loss) gain on its derivative instruments as outlined below:

  
Years ended December 31,
 
(in thousands)
 
2019
  
2018
 
       
Foreign exchange contracts- change in fair value
 
$
6
  
$
(150
)
Interest rate swap - change in fair value
  
(57
)
  
(103
)
Remeasurement of related contract receivables and billings in excess of revenue earned
  
38
   
(97
)
  
$
(13
)
 
$
(350
)