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Derivatives (Tables)
 9 Months Ended
Sep. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Foreign Currency Derivative Contracts Outstanding
As of September 30, 2018 and December 31, 2017, we had the following foreign currency derivative contracts outstanding in U.S. dollars (in thousands):
 
 
September 30, 2018
Derivative Contracts
 
Notional Amount
 
Contractual Exchange Rate
 
Settlement Date
Canadian dollar
 
$
4,307

 
1.3003
 
12/17/2018
Euro
 
5,046

 
1.1734
 
12/17/2018
Norwegian krone
 
6,207

 
8.2171
 
12/17/2018
Pound sterling
 
13,136

 
1.3136
 
12/17/2018
 
 
December 31, 2017
Derivative Contracts
 
Notional Amount
 
Contractual Exchange Rate
 
Settlement Date
Canadian dollar
 
$
6,226

 
1.2850
 
3/15/2018
Euro
 
5,326

 
1.1836
 
3/15/2018
Norwegian krone
 
6,212

 
8.3704
 
3/15/2018
Pound sterling
 
6,039

 
1.3419
 
3/15/2018
Impact of Derivatives Contracts on Condensed Consolidated Balance Sheets
The following table summarizes the location and fair value amounts of all derivative contracts in the condensed consolidated balance sheets as of September 30, 2018 and December 31, 2017 (in thousands):
Derivatives not Designated as Hedging Instruments
 
Consolidated Balance Sheet Location
 
September 30, 2018
 
December 31, 2017
Foreign currency contracts
 
Accounts payable and accrued liabilities
 
$
(45
)
 
$
(487
)
Impact of Derivatives Contracts on Condensed Consolidated Statements of Operations
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
 
2018
 
2017
 
2018
 
2017
Unrealized gain (loss) on foreign currency contracts
 
Other income (expense), net
 
$
(323
)
 
$
681

 
$
442

 
$
(49
)
Realized gain (loss) on foreign currency contracts
 
Other income (expense), net
 
447

 
(1,794
)
 
572

 
(2,346
)
Total net gain (loss) on foreign currency contracts
 
 
 
$
124

 
$
(1,113
)
 
$
1,014

 
$
(2,395
)
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, 2018 and December 31, 2017 (in thousands):
 
 
Derivative Asset Positions
 
Derivative Liability Positions
 
 
September 30, 2018
 
December 31, 2017
 
September 30, 2018
 
December 31, 2017
Gross position - asset / (liability)
 
$
64

 
$
—

 
$
(109
)
 
$
(487
)
Netting adjustment
 
(64
)
 
—

 
64

 
—

Net position - asset / (liability)
 
$
—

 
$
—

 
$
(45
)
 
$
(487
)
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, 2018 and December 31, 2017 (in thousands):
 
 
Derivative Asset Positions
 
Derivative Liability Positions
 
 
September 30, 2018
 
December 31, 2017
 
September 30, 2018
 
December 31, 2017
Gross position - asset / (liability)
 
$
64

 
$
—

 
$
(109
)
 
$
(487
)
Netting adjustment
 
(64
)
 
—

 
64

 
—

Net position - asset / (liability)
 
$
—

 
$
—

 
$
(45
)
 
$
(487
)