XML 43 R33.htm IDEA: XBRL DOCUMENT
v3.21.2

Derivative Financial Instruments (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block] | The following table presents the fair values of our derivative instruments included within the Condensed Consolidated Balance Sheets as of September 30, 2021 and December 31, 2020 (in thousands):
| Derivatives
| Condensed Consolidated Balance Sheet Location |  | September 30, 2021 |  | December 31, 2020
Derivatives designated as cash flow hedging instruments |  |  |  |  |
Foreign exchange forward contract: |  |  |  |  |
| Prepaid expenses and other current assets |  | $ | 772 |  |  | $ | 3,555 |
Total derivatives designated as cash flow hedging instruments |  |  | $ | 772 |  |  | $ | 3,555 |
The following table presents the gain (loss) affecting the Condensed Consolidated Statements of Operations for the three and nine months ended September 30, 2021 and 2020 (in thousands):
|  | Line Item in the Condensed Consolidated Statements of Operations |  | Three months ended September 30, |  | Nine months ended September 30,
|  |  | 2021 |  | 2020 |  | 2021 |  | 2020
Derivatives designated as cash flow hedging instruments |  |  |  |  |  |  |  |  |  |
Foreign exchange forward contracts |  | Cost of goods sold |  | $ | 968 |  |  | $ | (49) |  |  | $ | 2,713 |  |  | $ | 423 |
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block] | We recognized the following gains (losses) on our foreign exchange contracts designated as a cash flow hedge (in thousands):
|  | Amount of (Loss) Gain Recognized in Other Comprehensive Income on Derivatives |  | Amount of Gain (Loss) Reclassified From Accumulated Other Comprehensive Income into Income
|  | Three months ended September 30, |  |  |  | Three months ended September 30,
|  | 2021 |  | 2020 |  | Location of Gain (Loss) Reclassified From Accumulated Other Comprehensive Income into Income |  | 2021 |  | 2020
Derivatives designated as cash flow hedges: |  |  |  |  |  |  |  |  |  |
Foreign exchange forward contract |  | $ | (109) |  |  | $ | 1,287 |  |  | Cost of goods sold |  | $ | 968 |  |  | $ | (49) |
Total derivatives designated as cash flow hedging instruments |  | $ | (109) |  |  | $ | 1,287 |  |  |  |  | $ | 968 |  |  | $ | (49) |
|  | Amount of Loss Recognized in Other Comprehensive Income on Derivatives |  | Amount of Gain Reclassified From Accumulated Other Comprehensive Income into Income
|  | Nine months ended September 30, |  |  |  | Nine months ended September 30,
|  | 2021 |  | 2020 |  | Location of Gain Reclassified From Accumulated Other Comprehensive Income into Income |  | 2021 |  | 2020
Derivatives designated as cash flow hedges: |  |  |  |  |  |  |  |  |  |
Foreign exchange forward contract |  | $ | (70) |  |  | $ | (642) |  |  | Cost of goods sold |  | $ | 2,713 |  |  | $ | 423 |
Total derivatives designated as cash flow hedging instruments |  | $ | (70) |  |  | $ | (642) |  |  |  |  | $ | 2,713 |  |  | $ | 423 |
As of September 30, 2021, we expect approximately $0.7 million of the deferred gains on the outstanding derivatives in accumulated other comprehensive income to be reclassified to net income during the next three months concurrent with the underlying hedged transactions also being reported in net income.

X
- References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of gain (loss) on derivative and nonderivative instruments designated and qualifying as cash flow hedge recorded in accumulated other comprehensive income (AOCI) and reclassified into earnings. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfCashFlowHedgesIncludedInAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for cash flow hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfCashFlowHedgingInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration