Derivative and Hedging Activities Derivative and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of Derivatives Instruments Gain and Losses Reported in Statement of Operations

The locations and amounts of designated and non-designated derivative instruments’ gains and losses reported in the Company’s AOCI and Consolidated Statements of Operations are as follows (in thousands):



		Year ended December 31,
	Financial Statement Location	2017		2016			2015
Derivatives not designated as hedging instruments:
Gains recognized in income	Other income (expense), net	$	155	$	343		$	344

Derivatives designated as hedging instruments ⁽¹⁾:
Gains (losses) in AOCI on derivatives (effective portion)	AOCI	$	—	$	202		$	(133	)
Gains (losses) reclassified from AOCI into income (effective portion)	Cost of Revenue	$	—	$	(6	)	$	59
	Operating Expense	—		(38		)	365
	Total	$	—	$	(44	)	$	424
(Losses) recognized in income on derivatives (ineffectiveness portion and amount excluded from effectiveness testing)	Other income (expense), net	$	—	$	(63	)	$	(87	)

Schedule of Notional Amounts of Outstanding Derivative Positions

The U.S. dollar equivalents of all outstanding notional amounts of foreign currency forward contracts are summarized as follows (in thousands):



	December 31,
	2017		2016
Derivatives not designated as hedging instruments:
Purchase	$	12,875	$	4,056
Sell	$	1,509	$	11,157

Schedule of Foreign Exchange Contracts - Balance Sheet

The locations and fair value amounts of the Company’s derivative instruments reported in its Consolidated Balance Sheets are as follows (in thousands):



		Asset Derivatives					Liability Derivatives
	Balance Sheet Location	December 31, 2017		December 31, 2016		Balance Sheet Location	December 31, 2017		December 31, 2016
Derivatives not designated as hedging instruments:
Foreign currency contracts	Prepaid expenses and other current assets	$	33	$	54	Accrued and other current Liabilities	$	4	$	40
		$	33	$	54		$	4	$	40

Offsetting of Derivative Assets and Liabilities

As of December 31, 2017, information related to the offsetting arrangements was as follows (in thousands):



							Gross Amounts of Derivatives Not Offset in the Consolidated Balance Sheets
	Gross Amounts of Derivatives		Gross Amounts of Derivatives Offset in the Consolidated Balance Sheets		Net Amounts of Derivatives Presented in the Consolidated Balance Sheets		Financial Instrument			Cash Collateral Pledged		Net Amount
Derivative Assets	$	33	$	—	$	33	$	(4	)	$	—	$	29
Derivative Liabilities	$	4	$	—	$	4	$	(4	)	$	—	$	—