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Derivatives | 9 Months Ended
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Sep. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Derivatives | Derivatives The following table sets forth the total net fair value of derivatives:
|  | September 30, 2017 |  | December 31, 2016
|  | Fair Value Measurement Using |  | Total Balance |  | Fair Value Measurement Using |  | Total Balance
(In thousands) |  | Level 1 |  | Level 2 |  | Level 3 |  |  | Level 1 |  | Level 2 |  | Level 3 |
Foreign currency exchange contracts |  | $ | — |  |  | $ | (385 | ) |  | $ | — |  |  | $ | (385 | ) |  | $ | — |  |  | $ | (1,584 | ) |  | $ | — |  |  | $ | (1,584 | )
We held foreign currency exchange contracts, which resulted in a net pre-tax loss of $1.5 million and $0.2 million for the three months ended September 30, 2017 and 2016, respectively. For the nine months ended September 30, 2017 and 2016, we had a net pre-tax loss of $2.9 million and $0.9 million, respectively (see Note 15). Details of foreign currency exchange contracts held were as follows:
Date Held |  | Type |  | Position Held |  | Notional Value (in millions) |  | Forward Rate |  | Unrealized Gain/(Loss) Recorded at Balance Sheet Date (in thousands)(1) |  | Settlement Date
September 30, 2017 |  | USD/Euro |  | USD |  | $ | 17.0 |  |  | 1.2039 |  |  | $ | 299 |  |  | October 27, 2017
September 30, 2017 |  | USD/Chinese Yuan Renminbi |  | USD |  | $ | 22.0 |  |  | 6.6174 |  |  | $ | 111 |  |  | October 20, 2017
September 30, 2017 |  | USD/Brazilian Real |  | USD |  | $ | 4.5 |  |  | 3.2330 |  |  | $ | (86 | ) |  | October 20, 2017
September 30, 2017 |  | USD/Brazilian Real |  | BRL |  | $ | 1.0 |  |  | 3.3660 |  |  | $ | 61 |  |  | October 20, 2017
December 31, 2016 |  | USD/Euro |  | USD |  | $ | 18.0 |  |  | 1.0513 |  |  | $ | (61 | ) |  | January 27, 2017
December 31, 2016 |  | USD/Chinese Yuan Renminbi |  | Chinese Yuan Renminbi |  | $ | 25.0 |  |  | 6.7230 |  |  | $ | (974 | ) |  | January 13, 2017
December 31, 2016 |  | USD/Chinese Yuan Renminbi |  | Chinese Yuan Renminbi |  | $ | 10.0 |  |  | 6.6757 |  |  | $ | (457 | ) |  | January 13, 2017
December 31, 2016 |  | USD/Brazilian Real |  | USD |  | $ | 2.0 |  |  | 3.4775 |  |  | $ | (131 | ) |  | January 13, 2017
December 31, 2016 |  | USD/Brazilian Real |  | USD |  | $ | 4.0 |  |  | 3.2316 |  |  | $ | 39 |  |  | January 13, 2017
(1) | Unrealized gains on foreign currency exchange contracts are recorded in prepaid expenses and other current assets. Unrealized losses on foreign currency exchange contracts are recorded in other accrued expenses.

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- References No definition available. + Details
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- Definition The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -URI http://asc.fasb.org/topic&trid=2229140 + Details
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