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Derivatives (Tables) | 6 Months Ended
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Jun. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Foreign Currency Derivative Contracts Outstanding | As of June 30, 2020, we had no foreign currency derivative contracts outstanding. As of December 31, 2019, we had the following foreign currency derivative contracts outstanding in U.S. dollars (in thousands):
|  | December 31, 2019 |  |  |  |
Derivative Contracts |  | Notional Amount |  | Contractual Exchange Rate |  | Settlement Date
Canadian dollar |  | $ | 948 |  |  | 1.3182 |  | 3/16/2020
Euro |  | 9,279 |  |  | 1.1180 |  | 3/17/2020
Norwegian krone |  | 11,027 |  |  | 9.0688 |  | 3/17/2020
Pound sterling |  | 16,057 |  |  | 1.3381 |  | 3/17/2020
Impact of Derivative 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 December 31, 2019 (in thousands):
Derivatives not Designated as Hedging Instruments |  | Consolidated Balance Sheet Location |  |  |  | December 31, 2019
Foreign currency contracts |  | Accounts payable and accrued liabilities |  |  |  | $ | (324) |
Impact of Derivative 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 |  |  |  | Six Months Ended |  |
|  |  |  | June 30, |  |  |  | June 30, |  |
Derivatives not Designated as Hedging Instruments |  | Location of Gain (Loss) Recognized in Income on Derivative Contracts |  | 2020 |  | 2019 |  | 2020 |  | 2019
Unrealized loss on foreign currency contracts |  | Other income, net |  | $ | — |  |  | $ | (700) |  |  | $ | — |  |  | $ | (204) |
Realized gain (loss) on foreign currency contracts |  | Other income, net |  | — |  |  | 1,072 |  |  | 1,475 |  |  | 412 |
Total net gain (loss) on foreign currency contracts |  |  |  | $ | — |  |  | $ | 372 |  |  | $ | 1,475 |  |  | $ | 208 |
Schedule of Derivative Assets, Gross and Net Fair Values | The following table presents the gross and net fair values of our derivatives at December 31, 2019 (in thousands):
|  |  |  | Derivative Asset Positions |  |  |  | Derivative Liability Positions
|  |  |  | December 31, 2019 |  |  |  | December 31, 2019
Gross position - asset / (liability) |  |  |  | $ | 127 |  |  |  |  | $ | (451) |
Netting adjustment |  |  |  | (127) |  |  |  |  | 127 |
Net position - asset / (liability) |  |  |  | $ | — |  |  |  |  | $ | (324) |
Schedule of Derivative Liabilities, Gross and Net Fair Values | The following table presents the gross and net fair values of our derivatives at December 31, 2019 (in thousands):
|  |  |  | Derivative Asset Positions |  |  |  | Derivative Liability Positions
|  |  |  | December 31, 2019 |  |  |  | December 31, 2019
Gross position - asset / (liability) |  |  |  | $ | 127 |  |  |  |  | $ | (451) |
Netting adjustment |  |  |  | (127) |  |  |  |  | 127 |
Net position - asset / (liability) |  |  |  | $ | — |  |  |  |  | $ | (324) |

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