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Derivatives (Tables) | 3 Months Ended
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Mar. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Foreign Currency Derivative Contracts Outstanding | As of March 31, 2019 and December 31, 2018, we had the following foreign currency derivative contracts outstanding in U.S. dollars (in thousands):
|  | March 31, 2019
Derivative Contracts |  | Notional Amount |  | Contractual Exchange Rate |  | Settlement Date
Canadian dollar |  | $ | 1,349 |  |  | 1.3342 |  | 6/17/2019
Euro |  | 7,959 |  |  | 1.1370 |  | 6/17/2019
Norwegian krone |  | 9,333 |  |  | 8.5721 |  | 6/17/2019
Pound sterling |  | 19,300 |  |  | 1.3310 |  | 6/17/2019
|  | December 31, 2018
Derivative Contracts |  | Notional Amount |  | Contractual Exchange Rate |  | Settlement Date
Canadian dollar |  | $ | 2,248 |  |  | 1.3343 |  | 3/18/2019
Euro |  | 6,967 |  |  | 1.1421 |  | 3/18/2019
Norwegian krone |  | 7,713 |  |  | 8.5566 |  | 3/18/2019
Pound sterling |  | 16,452 |  |  | 1.2655 |  | 3/18/2019
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 March 31, 2019 and December 31, 2018 (in thousands):
Derivatives not Designated as Hedging Instruments |  | Consolidated Balance Sheet Location |  | March 31, 2019 |  | December 31, 2018
Foreign currency contracts |  | Accounts receivable, net |  | $ | 395 |  |  | $ | — |
Foreign currency contracts |  | Accounts payable and accrued liabilities |  | — |  |  | (101 | )
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
|  |  |  | March 31,
Derivatives not Designated as Hedging Instruments |  | Location of Gain (Loss) Recognized in Income on Derivative Contracts |  | 2019 |  | 2018
Unrealized gain on foreign currency contracts |  | Other income (expense), net |  | $ | 496 |  |  | $ | 561 |
Realized loss on foreign currency contracts |  | Other income (expense), net |  | (660 | ) |  | (940 | )
Total net loss on foreign currency contracts |  |  |  | $ | (164 | ) |  | $ | (379 | )
Schedule of Derivative Assets, Gross and Net Fair Values | The following table presents the gross and net fair values of our derivatives at March 31, 2019 and December 31, 2018 (in thousands):
|  | Derivative Asset Positions |  | Derivative Liability Positions
|  | March 31, 2019 |  | December 31, 2018 |  | March 31, 2019 |  | December 31, 2018
Gross position - asset / (liability) |  | $ | 396 |  |  | $ | 113 |  |  | $ | (1 | ) |  | $ | (214 | )
Netting adjustment |  | (1 | ) |  | (113 | ) |  | 1 |  |  | 113 |
Net position - asset / (liability) |  | $ | 395 |  |  | $ | — |  |  | $ | — |  |  | $ | (101 | )
Schedule of Derivative Liabilities, Gross and Net Fair Values | The following table presents the gross and net fair values of our derivatives at March 31, 2019 and December 31, 2018 (in thousands):
|  | Derivative Asset Positions |  | Derivative Liability Positions
|  | March 31, 2019 |  | December 31, 2018 |  | March 31, 2019 |  | December 31, 2018
Gross position - asset / (liability) |  | $ | 396 |  |  | $ | 113 |  |  | $ | (1 | ) |  | $ | (214 | )
Netting adjustment |  | (1 | ) |  | (113 | ) |  | 1 |  |  | 113 |
Net position - asset / (liability) |  | $ | 395 |  |  | $ | — |  |  | $ | — |  |  | $ | (101 | )

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