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Financial Instruments (Tables) | 6 Months Ended
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Jun. 30, 2023
Investments, Debt and Equity Securities [Abstract] |
Schedule of Notional and Fair Values of All Derivative Instruments | The notional and fair values of all derivative financial instruments were as follows (in thousands):
|  | June 30, 2023 |  |  | December 31, 2022 |
Derivative instruments in cash flow hedges (foreign exchange contracts): |  |  |  |  |  |
Assets |  |  |  |  |  |
Other current assets |  | $ | 759 |  |  | $ | — |
Liabilities |  |  |  |  |  |
Accrued liabilities |  |  | — |  |  |  | 94 |
Total fair value |  | $ | 759 |  |  | $ | 94 |
Total notional value |  | $ | 50,880 |  |  | $ | 52,197 |
Undesignated derivative instruments (foreign exchange contracts): |  |  |  |  |  |
Assets |  |  |  |  |  |
Other current assets |  | $ | 464 |  |  | $ | — |
Liabilities |  |  |  |  |  |
Accrued liabilities |  |  | — |  |  |  | 41 |
Total fair value |  | $ | 464 |  |  | $ | 41 |
Total notional value |  | $ | 7,149 |  |  | $ | 7,402 |
Schedule of Gross Amounts of Foreign Currency Forward Contracts | The gross amounts of the Company’s foreign currency forward contracts and the net amounts recorded in the Company’s Condensed Consolidated Balance Sheets were as follows (in thousands):
| June 30, 2023 |  |  | December 31, 2022 |
Gross amount of recognized assets | $ | 1,320 |  |  | $ | — |
Gross amount of recognized liabilities |  | (97 | ) |  |  | (135 | )
Net amount presented in the Condensed Consolidated Balance Sheets | $ | 1,223 |  |  | $ | (135 | )
Summary of the Gains Recognized upon Settlement of the Hedged Transactions | The following table summarizes the gains recognized upon settlement of the hedged transactions in the Condensed Consolidated Statement of Operations for three and six months ended June 30, 2023 (in thousands):
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2023 |
Research and development |  | $ | 403 |  |  | $ | 414 |
Selling, general and administrative |  |  | 59 |  |  |  | 63 |
Total |  | $ | 462 |  |  | $ | 477 |

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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4E -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624181-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5618551-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 + Details
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