As of June 30, 2020 and December 31, 2019, we had foreign currency forward contracts with total notional values of $638 million and $358 million, respectively, which are not designated as hedging instruments. Our foreign currency contracts are classified within Level 2 as the valuation inputs are based on quoted prices and market observable data of similar instruments in active markets, such as currency spot and forward rates. The fair value of these outstanding derivative contracts was as follows (in thousands):


	Condensed Consolidated Balance Sheet Location	June 30, 2020		December 31, 2019
Derivative Assets:
Foreign currency derivative contracts	Prepaid expenses and other current assets	$	4,850	$	2,237
Derivative Liabilities:
Foreign currency derivative contracts	Accrued expenses and other current liabilities	$	3,356	$	1,362