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Derivatives (Tables)
 9 Months Ended
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
)
 
$
—