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Derivatives and Hedging (Tables)

9 Months Ended

Sep. 30, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Fair Value of Derivative Instruments by Contract Type and Location of Asset and/or Liability on Consolidated Condensed Balance Sheets

The following table summarizes the fair value of the Company's foreign currency forward contracts as well as the location of the asset and/or liability on the consolidated condensed balance sheets at September 30, 2018 and December 31, 2017 (in thousands):

	Asset Derivatives
	September 30, 2018						December 31, 2017
	Balance Sheet Location		Fair Value				Balance Sheet Location		Fair Value
Derivatives designated as cash flow hedging instruments:
Foreign currency forward contracts	Other current assets		$	395			Other current assets		$	168
Derivatives not designated as hedging instruments:
Foreign currency forward contracts	Other current assets		$	1,269			Other current assets		$	11

	Liability Derivatives
	September 30, 2018						December 31, 2017
	Balance Sheet Location		Fair Value				Balance Sheet Location		Fair Value
Derivatives designated as cash flow hedging instruments:
Foreign currency forward contracts	Accounts payable and accrued expenses		$	40			Accounts payable and accrued expenses		$	194
Derivatives not designated as hedging instruments:
Foreign currency forward contracts	Accounts payable and accrued expenses		$	145			Accounts payable and accrued expenses		$	45

Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location

The following tables summarize the net effect of all cash flow hedges on the consolidated condensed financial statements for the nine months ended September 30, 2018 (in thousands):

		Gain/(Loss) Recognized in Other Comprehensive Income (Effective Portion)
		Three Months Ended September 30,								Nine Months Ended September 30,
Derivatives designated as cash flow hedging instruments		2018				2017				2018				2017
Foreign currency forward contracts		$	256			$	(371	)		$	394			$	(2,673	)

		Gain/(Loss) Reclassified from Other Comprehensive Income into Earnings (Effective Portion)
		Three Months Ended September 30,								Nine Months Ended September 30,
Derivatives designated as cash flow hedging instruments		2018				2017				2018				2017
Foreign currency forward contracts		$	168			$	(1,067	)		$	(32	)		$	249

Location of Gains in Consolidated Condensed Statements of Operations that were Recognized and Derivative Contract Type

The following table summarizes the location of net gains and losses in the consolidated condensed statements of operations that were recognized during the three and nine months ended September 30, 2018 and 2017, respectively (in thousands):

		Location of Net Gain/(Loss) Recognized in Income on Derivative Instruments		Amount of Net Gain/(Loss) Recognized in Income on  Derivative Instruments
Derivatives not designated as hedging instruments				Three Months Ended September 30,								Nine Months Ended September 30,
				2018				2017				2018				2017
Foreign currency forward contracts		Other expense, net		$	1,802			$	(1,233	)		$	5,161			$	(6,469	)

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- References

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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=109980867&loc=SL5624171-113959

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- Definition

Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4E
-URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624181-113959

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5618551-113959

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-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
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Tabular disclosure of the presentation of foreign exchange contracts on the statement of financial position, including the fair value amounts and location of such amounts.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-Subparagraph (c)(1)
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