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Derivatives (Tables)

3 Months Ended

Mar. 31, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Foreign Currency Derivative Contracts

As of March 31, 2016 and December 31, 2015 we had the following foreign currency derivative contracts outstanding in U.S. dollars (in thousands):

		March 31, 2016
		Notional				Contractual		Settlement
Derivative Contracts		Amount				Exchange Rate		Date
Canadian dollar		$	2,989			1.3384		4/11/2016
Euro		4,418				1.1045		4/11/2016
Euro		3,603				1.10848		4/15/2016
Norwegian kroner		9,341				8.5646		4/11/2016
Pound sterling		5,668				1.417		4/11/2016

		December 31, 2015
		Notional				Contractual		Settlement
Derivative Contracts		Amount				Exchange Rate		Date
Canadian dollar		$	5,091			1.3751		1/13/2016
Euro		19,706				1.0948		1/13/2016
Norwegian kroner		11,498				8.6973		1/13/2016
Pound sterling		7,516				1.5031		1/13/2016

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 March 31, 2016 and December 31, 2015 (in thousands):

Derivatives not Designated as Hedging Instruments		Consolidated Balance Sheet Location		March 31, 2016				December 31, 2015
Foreign currency contracts		Accounts receivable, net		$	—			$	210
Foreign currency contracts		Accrued and other current liabilities		(764		)		—

Impact of Derivatives Instruments on the Income Statement

The following table summarizes the location and amounts of the realized and unrealized losses on derivative contracts in the consolidated statements of operations (in thousands):

				March 31,
Derivatives not Designated as Hedging Instruments		Location of Loss Recognized in Income on Derivative Contracts		2016				2015
Unrealized loss on foreign currency contracts		Other income		$	(974	)		$	—
Realized loss on foreign currency contracts		Other income		(714		)		—
Total net loss on foreign currency contracts				$	(1,688	)		$	—

Offsetting Assets

The following table presents the gross and net fair values of our derivatives at March 31, 2016 and December 31, 2015 (in thousands):

		Derivative Asset Positions								Derivative Liability Positions
		March 31, 2016				December 31, 2015				March 31, 2016				December 31, 2015
Gross position - asset / (liability)		$	—			$	316			$	(764	)		$	(106	)
Netting adjustment		—				(106		)		—				106
Net position - asset / (liability)		$	—			$	210			$	(764	)		$	—

Offsetting Liabilities

The following table presents the gross and net fair values of our derivatives at March 31, 2016 and December 31, 2015 (in thousands):

		Derivative Asset Positions								Derivative Liability Positions
		March 31, 2016				December 31, 2015				March 31, 2016				December 31, 2015
Gross position - asset / (liability)		$	—			$	316			$	(764	)		$	(106	)
Netting adjustment		—				(106		)		—				106
Net position - asset / (liability)		$	—			$	210			$	(764	)		$	—

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