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Derivatives (Tables) | 12 Months Ended
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Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of 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
|  | Notional |  | Contractual |  | Settlement
Derivative Contracts |  | Amount |  | Exchange Rate |  | 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 consolidated balance sheets as of December 31, 2020 and 2019 (in thousands):
Derivatives not designated as Hedging Instruments |  | Consolidated Balance Sheet Location |  | December 31, 2020 |  | 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 summarize the location and amounts of the unrealized and realized gains and losses on derivative contracts in the consolidated statements of operations as of December 31, 2020, 2019 and 2018 (in thousands):
Derivatives not designated as Hedging Instruments |  | Location of gain (loss) recognized in income on derivative contracts |  | December 31, 2020 |  | December 31, 2019 |  | December 31, 2018
Unrealized gain (loss) on foreign currency contracts |  | Other income, net |  | $ | — |  |  | $ | (222) |  |  | $ | 386 |
Realized gain on foreign currency contracts |  | Other income, net |  | 1,475 |  |  | 320 |  |  | 1,661 |
Total net gain on foreign currency contracts |  |  |  | $ | 1,475 |  |  | $ | 98 |  |  | $ | 2,047 |
Schedule of Derivative Assets, Gross and Net Fair Values | The following table presents the gross and net fair values of our derivatives as of December 31, 2020 and 2019 (in thousands):
|  | Derivative Asset Positions |  | Derivative Liability Positions
|  | December 31, |  | December 31,
|  | 2020 |  | 2019 |  | 2020 |  | 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 as of December 31, 2020 and 2019 (in thousands):
|  | Derivative Asset Positions |  | Derivative Liability Positions
|  | December 31, |  | December 31,
|  | 2020 |  | 2019 |  | 2020 |  | 2019
Gross position - asset / (liability) |  | $ | — |  |  | $ | 127 |  |  | $ | — |  |  | $ | (451) |
Netting adjustment |  | — |  |  | (127) |  |  | — |  |  | 127 |
Net position - asset / (liability) |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (324) |

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