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Derivatives (Tables)

12 Months Ended

Dec. 31, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Foreign Currency Derivative Contracts

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



	December 31, 2016
	Notional		Contractual	Settlement
Derivative Contracts	Amount		Exchange Rate	Date
Canadian dollar	$	4,553	1.3179	3/14/17
Euro	4,753		1.0563	3/14/17
Euro	2,558		1.0659	1/13/17
Norwegian kroner	3,643		8.5101	3/14/17
Pound sterling	3,908		1.2607	3/14/17



	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, 2016 and 2015 (in thousands):



Derivatives not designated as Hedging Instruments	Consolidated Balance Sheet Location	December 31, 2016		December 31, 2015
Foreign currency contracts	Accounts receivable, net	$	146	$	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 statements of operations as of December 31, 2016 and 2015 (in thousands):



Derivatives not designated as Hedging Instruments	Location of gain (loss) recognized in income on derivative contracts	December 31, 2016			December 31, 2015
Unrealized gain (loss) on foreign currency contracts	Other income	$	(64	)	$	210
Realized loss on foreign currency contracts	Other income	(296		)	—
Total net income (loss) on foreign currency contracts		$	(360	)	$	210

Offsetting Assets

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



	Derivative Asset Positions						Derivative Liability Positions
	December 31,						December 31,
	2016			2015			2016			2015
Gross position - asset / (liability)	$	181		$	316		$	(35	)	$	(106	)
Netting adjustment	(35		)	(106		)	35			106
Net position - asset / (liability)	$	146		$	210		$	—		$	—

Offsetting Liabilities

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



	Derivative Asset Positions						Derivative Liability Positions
	December 31,						December 31,
	2016			2015			2016			2015
Gross position - asset / (liability)	$	181		$	316		$	(35	)	$	(106	)
Netting adjustment	(35		)	(106		)	35			106
Net position - asset / (liability)	$	146		$	210		$	—		$	—