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Derivative Instruments (Tables)
 9 Months Ended
Sep. 30, 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:

  
September 30,
  
December 31,
 
(in thousands)
 
2019
  
2018
 
Prepaid expenses and other current assets
      
Foreign exchange contracts
 
$
68
  
$
43
 
Total asset derivatives
  
68
   
43
 
         
Other liabilities
        
Interest rate swaps
  
(192
)
  
(103
)
Total liability derivatives
  
(192
)
  
(103
)
         
Net fair value
 
$
(124
)
 
$
(60
)
Net (Loss) Gain on Derivative Instruments
For the three and nine months ended September 30, 2019 and 2018, the Company recognized a net (loss) gain on its derivative instruments as outlined below:

  
Three months ended
September 30,
  
Nine months ended
September 30,
 
(in thousands)
 
2019
  
2018
  
2019
  
2018
 
             
Interest rate swap - change in fair value
 
$
(1
)
 
$
(28
)
 
$
(89
)
 
$
(39
)
Foreign exchange contracts-change in fair value
  
(45
)
  
(14
)
  
25
   
(178
)
Remeasurement of related contract receivables,
 billings in excess of revenue earned, and
 subcontractor accruals
  
(15
)
  
(17
)
  
(5
)
  
(89
)
Loss on derivative instruments, net
 
$
(61
)
 
$
(59
)
 
$
(69
)
 
$
(306
)