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Derivatives (Tables)

12 Months Ended

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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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.

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