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Derivatives | 6 Months Ended
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Jun. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Derivatives | Derivatives The following table sets forth the total net fair value of derivatives:
|  | June 30, 2020 |  | December 31, 2019
|  | 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 |  | $ | — |  |  | $ | (73 | ) |  | $ | — |  |  | $ | (73 | ) |  | $ | — |  |  | $ | (172 | ) |  | $ | — |  |  | $ | (172 | )
We held foreign currency exchange contracts, which resulted in a net pre-tax loss of $0.7 million and a net pre-tax loss of $0.1 million for the three months ended June 30, 2020 and 2019, respectively. For the six months ended June 30, 2020 and 2019, we had a net pre-tax loss of $0.5 million and a net pre-tax loss of $0.4 million, respectively (see Note 16). Details of foreign currency exchange contracts held were as follows:
Date Held |  | Currency |  | Position Held |  | Notional Value (in millions) |  | Forward Rate |  | Unrealized Gain/(Loss) Recorded at Balance Sheet Date (in thousands)(1) |  | Settlement Date
June 30, 2020 |  | USD/Chinese Yuan Renminbi |  | CNY |  | $ | 42.0 |  |  | 7.0741 |  |  | $ | (22 | ) |  | July 24, 2020
June 30, 2020 |  | USD/Euro |  | USD |  | $ | 37.0 |  |  | 1.1219 |  |  | $ | (71 | ) |  | July 24, 2020
June 30, 2020 |  | USD/Brazilian Real |  | USD |  | $ | 1.0 |  |  | 5.3634 |  |  | $ | 13 |  |  | July 24, 2020
June 30, 2020 |  | USD/Mexican Peso |  | USD |  | $ | 3.2 |  |  | 23.0015 |  |  | $ | 7 |  |  | July 24, 2020
December 31, 2019 |  | USD/Chinese Yuan Renminbi |  | USD |  | $ | 35.0 |  |  | 6.9867 |  |  | $ | 100 |  |  | January 23, 2020
December 31, 2019 |  | USD/Brazilian Real |  | USD |  | $ | 0.5 |  |  | 4.0560 |  |  | $ | (6 | ) |  | January 24, 2020
December 31, 2019 |  | USD/Euro |  | USD |  | $ | 28.0 |  |  | 1.1133 |  |  | $ | (253 | ) |  | January 24, 2020
December 31, 2019 |  | USD/Brazilian Real |  | USD |  | $ | 0.7 |  |  | 4.0870 |  |  | $ | (13 | ) |  | January 24, 2020
(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 liabilities.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -URI http://asc.fasb.org/topic&trid=2229140 + Details
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