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Derivative Instruments (Tables) | 12 Months Ended
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Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Notional Amounts of Outstanding Derivative Positions | The Company had the following outstanding forward contracts (in thousands):
| December 31, 2020 |  | December 31, 2019
Currency | Notional Value | USD Equivalent |  | Notional Value | USD Equivalent
Derivatives Not Designated as Hedging Instruments:
Euro | 50,000 |  | $ | 61,342 |  |  | 18,000 |  | $ | 20,249 |
Mexican Peso | 155,000 |  | 7,776 |  |  | 80,000 |  | 4,223 |
Korean Won | 6,925,000 |  | 6,377 |  |  | 161,951,500 |  | 139,688 |
Japanese Yen | 600,000 |  | 5,808 |  |  | 575,000 |  | 5,291 |
Hungarian Forint | 1,330,000 |  | 4,494 |  |  | 870,000 |  | 2,962 |
British Pound | 1,675 |  | 2,287 |  |  | 2,700 |  | 3,569 |
Taiwanese Dollar | 38,035 |  | 1,362 |  |  | 37,450 |  | 1,256 |
Singapore Dollar | 1,465 |  | 1,110 |  |  | 845 |  | 628 |
Canadian Dollar | 1,285 |  | 1,010 |  |  | 1,300 |  | 1,000 |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value | Information regarding the fair value of the outstanding forward contracts was as follows (in thousands):
| Asset Derivatives |  | Liability Derivatives
| Balance Sheet Location |  | Fair Value |  | Balance Sheet Location |  | Fair Value
|  | December 31, 2020 |  | December 31, 2019 |  |  | December 31, 2020 |  | December 31, 2019
Derivatives Not Designated as Hedging Instruments:
Economic hedge forward contracts | Prepaid expenses and other current assets |  | $ | 265 |  |  | $ | 857 |  |  | Accrued expenses |  | $ | 38 |  |  | $ | 23 |
Offsetting Assets | The following table summarizes the gross activity for all derivative assets and liabilities which were presented on a net basis on the Consolidated Balance Sheets due to the right of offset with each counterparty (in thousands):
Asset Derivatives |  | Liability Derivatives
|  | December 31, 2020 |  | December 31, 2019 |  |  |  | December 31, 2020 |  | December 31, 2019
Gross amounts of recognized assets |  | $ | 265 |  |  | $ | 857 |  |  | Gross amounts of recognized liabilities |  | $ | 38 |  |  | $ | 23 |
Gross amounts offset |  | — |  |  | — |  |  | Gross amounts offset |  | — |  |  | — |
Net amount of assets presented |  | $ | 265 |  |  | $ | 857 |  |  | Net amount of liabilities presented |  | $ | 38 |  |  | $ | 23 |
Derivative Instruments, Gain (Loss) | Information regarding the effect of derivative instruments, net of the underlying exposure, on the consolidated financial statements was as follows (in thousands):
| Location in Financial Statements |  | Year Ended December 31,
2020 |  | 2019 |  | 2018
Derivatives Not Designated as Hedging Instruments:
Gains (losses) recognized in current operations | Foreign currency gain (loss) |  | $ | (12,308) |  |  | $ | 1,305 |  |  | $ | (285) |
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) |
| Location in Financial Statements |  | Year Ended December 31,
2020 |  | 2019 |  | 2018
Derivatives Not Designated as Hedging Instruments:
Gains (losses) recognized in current operations | Foreign currency gain (loss) |  | $ | (12,308) |  |  | $ | 1,305 |  |  | $ | (285) |

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