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Derivatives (Tables) | 9 Months Ended
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Sep. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Foreign Currency Derivative Contracts | As of September 30, 2016 and December 31, 2015, we had the following foreign currency derivative contracts outstanding in U.S. dollars (in thousands):
|  | September 30, 2016
|  | Notional |  | Contractual |  | Settlement
Derivative Contracts |  | Amount |  | Exchange Rate |  | Date
Canadian dollar |  | $ | 4,597 |  |  | 1.3052 |  | 12/12/2016
Euro |  | 4,280 |  |  | 1.1264 |  | 12/13/2016
Euro |  | 2,304 |  |  | 1.1240 |  | 10/14/2016
Norwegian kroner |  | 6,041 |  |  | 8.2766 |  | 12/13/2016
Pound sterling |  | 5,702 |  |  | 1.3260 |  | 12/13/2016
|  | 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 condensed consolidated balance sheets as of September 30, 2016 and December 31, 2015 (in thousands):
Derivatives not Designated as Hedging Instruments |  | Consolidated Balance Sheet Location |  | September 30, 2016 |  | December 31, 2015
Foreign currency contracts |  | Accounts receivable, net |  | $ | — |  |  | $ | 210 |
Foreign currency contracts |  | Accrued and other current liabilities |  | (86 | ) |  | — |
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 condensed consolidated statements of operations (in thousands):
|  |  |  | Three Months Ended |  | Nine Months Ended
|  |  |  | September 30, |  | September 30,
Derivatives not Designated as Hedging Instruments |  | Location of Loss Recognized in Income on Derivative Contracts |  | 2016 |  | 2015 |  | 2016 |  | 2015
Unrealized loss on foreign currency contracts | Other income |  | $ | (615 | ) |  | $ | — |  |  | $ | (296 | ) |  | $ | — |
Realized gain (loss) on foreign currency contracts |  | Other income |  | 511 |  |  | — |  |  | (1,068 | ) |  | — |
Total net income (loss) on foreign currency contracts |  |  |  | $ | (104 | ) |  | $ | — |  |  | $ | (1,364 | ) |  | $ | — |
Offsetting Assets | The following table presents the gross and net fair values of our derivatives at September 30, 2016 and December 31, 2015 (in thousands):
|  | Derivative Asset Positions |  | Derivative Liability Positions
|  | September 30, 2016 |  | December 31, 2015 |  | September 30, 2016 |  | December 31, 2015
Gross position - asset / (liability) |  | $ | 1 |  |  | $ | 316 |  |  | $ | 1 |  |  | $ | (106 | )
Netting adjustment |  | (1 | ) |  | (106 | ) |  | (87 | ) |  | 106 |
Net position - asset / (liability) |  | $ | — |  |  | $ | 210 |  |  | $ | (86 | ) |  | $ | — |
Offsetting Liabilities | The following table presents the gross and net fair values of our derivatives at September 30, 2016 and December 31, 2015 (in thousands):
|  | Derivative Asset Positions |  | Derivative Liability Positions
|  | September 30, 2016 |  | December 31, 2015 |  | September 30, 2016 |  | December 31, 2015
Gross position - asset / (liability) |  | $ | 1 |  |  | $ | 316 |  |  | $ | 1 |  |  | $ | (106 | )
Netting adjustment |  | (1 | ) |  | (106 | ) |  | (87 | ) |  | 106 |
Net position - asset / (liability) |  | $ | — |  |  | $ | 210 |  |  | $ | (86 | ) |  | $ | — |

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- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=64837297&loc=d3e41641-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624163-113959 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=64837297&loc=d3e41678-113959 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=64837297&loc=d3e41638-113959 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5580258-113959 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5579245-113959 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624171-113959 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5579240-113959 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64837297&loc=d3e41620-113959 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(n)(2)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
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