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Derivatives (Tables) | 12 Months Ended
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Dec. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Foreign Currency Derivative Contracts | As of December 31, 2015 we had the following foreign currency derivative contracts outstanding in U.S. Dollars (in thousands):
|  | December 31, 2015
|  | Notional |  | Contractual |  | Settlement
Derivative Contracts |  | Amount |  | Exchange Rate |  | Date
Canadian dollar |  | $ | 5,091 |  |  | 1.3751 |  | 1/13/16
Euro |  | 19,706 |  |  | 1.0948 |  | 1/13/16
Norwegian kroner |  | 11,498 |  |  | 8.6973 |  | 1/13/16
Pound sterling |  | 7,516 |  |  | 1.5031 |  | 1/13/16
Schedule of Fair Value by Balance Sheet Location | The following table summarizes the location and fair value amounts of all derivative contracts in the consolidated balance sheets as of December 31, 2015 (in thousands):
Derivatives not designated as Hedging Instruments |  | Consolidated Balance Sheet Location |  | December 31, 2015
Foreign currency contracts |  | Accounts receivable, net |  | $ | 210 |
Impact of Derivative Instruments on the Income Statement | The following table summarize the location and amounts of the unrealized gains on derivative contracts in the consolidated income statement as of December 31, 2015 (in thousands):
Derivatives not designated as Hedging Instruments |  | Location of gain recognized in income on derivative contracts |  | December 31, 2015
Unrealized gain on foreign currency contracts |  | Other income |  | $ | 210 |
Offsetting Assets | The following table presents the gross and net fair values of our derivatives as of December 31, 2015 (in thousands):
|  | December 31, 2015
Netting Adjustments |  | Derivative Asset Positions |  | Derivative Liability Positions
Gross position - asset / (liability) |  | $ | 316 |  |  | $ | (106 | )
Netting adjustment |  | (106 | ) |  | 106 |
Net position - asset / (liability) |  | $ | 210 |  |  | $ | — |
Offsetting Liabilities | The following table presents the gross and net fair values of our derivatives as of December 31, 2015 (in thousands):
|  | December 31, 2015
Netting Adjustments |  | Derivative Asset Positions |  | Derivative Liability Positions
Gross position - asset / (liability) |  | $ | 316 |  |  | $ | (106 | )
Netting adjustment |  | (106 | ) |  | 106 |
Net position - asset / (liability) |  | $ | 210 |  |  | $ | — |

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