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Derivative Financial Instruments (Tables) | 9 Months Ended
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Sep. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value | The fair values of our derivative instruments were as follows:
|  | Fair Value
Derivatives Assets | Balance Sheet Location | September 30, 2021 |  | December 31, 2020
Derivatives designated as hedging instruments under ASC 815-20 | In thousands
Foreign exchange options | Other current assets | $ | 329 |  |  | $ | — |
Derivatives not designated as hedging instruments under ASC 815-20 |  |  |
Foreign exchange forward contracts | Other current assets | 49 |  |  | 52 |
Total asset derivatives |  | $ | 378 |  |  | $ | 52 |
Derivatives Liabilities |  |  |  |
Derivatives designated as hedging instruments under ASC 815-20 |  |  |
Interest rate swap contracts | Other current liabilities | $ | — |  |  | $ | 1,025 |
Interest rate swap contracts | Other long-term obligations | — |  |  | 957 |
Cross currency swap contract | Other current liabilities | — |  |  | 526 |
Derivatives not designated as hedging instruments under ASC 815-20 |  |  |
Foreign exchange forward contracts | Other current liabilities | 166 |  |  | 128 |
Total liability derivatives |  | $ | 166 |  |  | $ | 2,636 |
Accumulated OCI for Derivative and Nonderivative Instruments Designated as Hedging Instruments, Net of Tax | The changes in accumulated other comprehensive income (loss) (AOCI), net of tax, for our derivative and nonderivative hedging instruments designated as hedging instruments, net of tax, were as follows:
In thousands | 2021 |  | 2020
Net unrealized loss on hedging instruments at January 1, | $ | (16,001) |  |  | $ | (15,103) |
Unrealized gain (loss) on derivative instruments | 1,085 |  |  | (4,727) |
Realized (gains) losses reclassified into net income (loss) | 733 |  |  | 2,570 |
Net unrealized loss on hedging instruments at September 30, | $ | (14,183) |  |  | $ | (17,260) |
Offsetting Assets | A summary of the effect of netting arrangements on our financial position related to the offsetting of our recognized derivative assets and liabilities under master netting arrangements or similar agreements is as follows:
Offsetting of Derivative Assets | Gross Amounts of Recognized Assets Presented in the Consolidated Balance Sheets |  | Gross Amounts Not Offset in the Consolidated Balance Sheets |  |
In thousands |  | Derivative Financial Instruments |  | Cash Collateral Received |  | Net Amount
September 30, 2021 | $ | 378 |  |  | $ | (28) |  |  | $ | — |  |  | $ | 350 |
December 31, 2020 | 52 |  |  | (52) |  |  | — |  |  | — |
Offsetting Liabilities |
Offsetting of Derivative Liabilities | Gross Amounts of Recognized Liabilities Presented in the Consolidated Balance Sheets |  | Gross Amounts Not Offset in the Consolidated Balance Sheets |  |
In thousands |  | Derivative Financial Instruments |  | Cash Collateral Pledged |  | Net Amount
September 30, 2021 | $ | 166 |  |  | $ | (28) |  |  | $ | — |  |  | $ | 138 |
December 31, 2020 | 2,636 |  |  | (52) |  |  | — |  |  | 2,584 |
Effect of Cash Flow Derivatives on the Balance Sheet and Income Statement, Before Tax | The before-tax effects of our accounting for derivative instruments designated as hedges on AOCI were as follows:
Derivatives in ASC 815-20 Cash Flow Hedging Relationships | Amount of Gain (Loss) Recognized in OCI on Derivative |  | Gain (Loss) Reclassified from AOCI into Income
Location |  | Amount
In thousands | 2021 |  | 2020 |  |  |  | 2021 |  | 2020
Three Months Ended September 30, |  |  |  |  |  |  |  |  |
Interest rate swap contracts | $ | — |  |  | $ | (302) |  |  | Interest expense |  | $ | — |  |  | $ | (274) |
Foreign exchange options | 478 |  |  | (252) |  |  | Product cost of revenues |  | (32) |  |  | (450) |
Cross currency swap contract | — |  |  | (2,326) |  |  | Interest expense |  | — |  |  | 88 |
Cross currency swap contract | — |  |  | — |  |  | Other income (expense), net |  | — |  |  | (2,242) |
Nine Months Ended September 30, |  |  |  |  |  |  |  |  |
Interest rate swap contract | $ | 73 |  |  | $ | (2,818) |  |  | Interest expense |  | $ | (229) |  |  | $ | (467) |
Interest rate swap contract | — |  |  | — |  |  | Other income (expense), net |  | (1,681) |  |  | — |
Interest rate cap contracts | — |  |  | 782 |  |  | Interest expense |  | — |  |  | 392 |
Foreign exchange options | 367 |  |  | (1,221) |  |  | Product cost of revenues |  | (40) |  |  | (612) |
Cross currency swap contract | 669 |  |  | (1,969) |  |  | Interest expense |  | 94 |  |  | 537 |
Cross currency swap contract | — |  |  | — |  |  | Other income (expense), net |  | 656 |  |  | (2,438) |
Foreign Exchange Derivatives Not Designated As Hedging Instruments | The effect of our derivative instruments not designated as hedges on the Consolidated Statements of Operations was as follows:
Derivatives Not Designated as Hedging Instrument under ASC 815-20 | Location |  | Gain (Loss) Recognized on Derivatives in Other Income (Expense)
In thousands |  |  | 2021 |  | 2020
Three Months Ended September 30, |  |  |
Foreign exchange forward contracts | Other income (expense), net |  | $ | 673 |  |  | $ | (1,646) |
Nine Months Ended September 30, |  |  |  |  |
Foreign exchange forward contracts | Other income (expense), net |  | $ | 210 |  |  | $ | (1,056) |

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