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Derivatives (Tables)
 9 Months Ended
Sep. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Foreign Currency Derivative Contracts
As of September 30, 2017 and December 31, 2016, we had the following foreign currency derivative contracts outstanding in U.S. dollars (in thousands):
 
 
September 30, 2017
Derivative Contracts
 
Notional Amount
 
Contractual Exchange Rate
 
Settlement Date
Canadian dollar
 
$
5,740

 
1.2194
 
12/15/2017
Euro
 
5,982

 
1.1963
 
12/15/2017
Euro
 
2,399

 
1.1993
 
10/13/2017
Norwegian krone
 
5,338

 
7.8675
 
12/15/2017
Pound sterling
 
7,961

 
1.3268
 
12/15/2017
 
 
December 31, 2016
Derivative Contracts
 
Notional Amount
 
Contractual Exchange Rate
 
Settlement Date
Canadian dollar
 
$
4,553

 
1.3179
 
3/14/2017
Euro
 
4,753

 
1.0563
 
3/14/2017
Euro
 
2,558

 
1.0659
 
1/13/2017
Norwegian krone
 
3,643

 
8.5101
 
3/14/2017
Pound sterling
 
3,908

 
1.2607
 
3/14/2017
Schedule of Balance Sheet Location and Fair Value Derivative Contracts
The following table summarizes the location and fair value amounts of all derivative contracts in the condensed consolidated balance sheets as of September 30, 2017 and December 31, 2016 (in thousands):
Derivatives not Designated as Hedging Instruments
 
Consolidated Balance Sheet Location
 
September 30, 2017
 
December 31, 2016
Foreign currency contracts
 
Accounts receivable, net
 
$
132

 
$
146

Foreign currency contracts
 
Accrued and other current liabilities
 
(35
)
 
—
Impact of Derivatives Instruments on the Income Statement
The following table summarizes the location and amounts of the realized and unrealized gains and 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 Gain (Loss) Recognized in Income on Derivative Contracts
 
2017
 
2016
 
2017
 
2016
Unrealized gain (loss) on foreign currency contracts
 
Other income (expense), net
 
$
681

 
$
(615
)
 
$
(49
)
 
$
(296
)
Realized gain (loss) on foreign currency contracts
 
Other income (expense), net
 
(1,794
)
 
511

 
(2,346
)
 
(1,068
)
Total net loss on foreign currency contracts
 
 
 
$
(1,113
)
 
$
(104
)
 
$
(2,395
)
 
$
(1,364
)
Schedule of Derivative Assets, Gross and Net Fair Values
The following table presents the gross and net fair values of our derivatives at September 30, 2017 and December 31, 2016 (in thousands):
 
 
Derivative Asset Positions
 
Derivative Liability Positions
 
 
September 30, 2017
 
December 31, 2016
 
September 30, 2017
 
December 31, 2016
Gross position - asset / (liability)
 
$
239

 
$
181

 
$
(142
)
 
$
(35
)
Netting adjustment
 
(107
)
 
(35
)
 
107

 
35

Net position - asset / (liability)
 
$
132

 
$
146

 
$
(35
)
 
$
—
Schedule of Derivative Liabilities, Gross and Net Fair Values
The following table presents the gross and net fair values of our derivatives at September 30, 2017 and December 31, 2016 (in thousands):
 
 
Derivative Asset Positions
 
Derivative Liability Positions
 
 
September 30, 2017
 
December 31, 2016
 
September 30, 2017
 
December 31, 2016
Gross position - asset / (liability)
 
$
239

 
$
181

 
$
(142
)
 
$
(35
)
Netting adjustment
 
(107
)
 
(35
)
 
107

 
35

Net position - asset / (liability)
 
$
132

 
$
146

 
$
(35
)
 
$
—