Quarterly report pursuant to Section 13 or 15(d)

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)
 9 Months Ended
Sep. 30, 2017
Derivative Instruments And Hedging Activities Tables  
Schedule of outstanding derivatives not designated as hedges in qualifying hedging relationships [Table TextBlock]
Non-Designated Derivative Summary
    Number of              
    Instruments      Sell Notional      Buy Notional  
FX Forward Contracts                        
Sell AUD/Buy USD Fwd Contract     6     $ 650     $ 493  
Sell CAD/Buy USD Fwd Contract     10     $ 6,050     $ 4,714  
Total     16     $ 6,700     $ 5,207  
Schedule of fair value of the Company's derivative financial instruments [Table TextBlock]

The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the Balance Sheet as of September 30, 2017 and December 31, 2016 (in thousands): 

 

    Tabular Disclosure of Fair Values of Derivative Instruments  
    Derivatives Asset     Derivative Liabilities  
          Fair Value as of:        
    September 30,     December 31,     September 30,     December 31,  
    2017     2016     2017     2016  
Derivatives Not Designated as Hedging Instruments                        
FX Forward Contracts                        
Balance Sheet Location               Other Current     Other Current  
    Other Assets     Other Assets     Liabilities     Liabilities  
Sell AUD/Buy USD Fwd Contract   $ —     $ —     $ 16     $ —  
Sell CAD/Buy USD Fwd Contract   $ —     $ —     $ 137     $ —  
Total   $ —     $ —     $ 153     $ —  
Schedule of Effect of Derivative Instruments on the Income Statement [Table TextBlock]

The table below presents the effect of the Company’s derivative financial instruments on the Income Statement as of September 30, 2017 and September 30, 2016 (in thousands):

 

Effect of Derivative Instruments on the Income Statement for Derivatives Not Designated

as Hedging Instruments for the Three and Nine Months Ended September 30, 2017 and 2016

 

        Amount of Gain or        
        (Loss) Recognized     Amount of Gain or  
        in Income     (Loss) Recognized in  
    Location of Gain or   Three Months     Income  
Derivatives Not Designated as   (Loss) Recognized   Ended     Nine Months Ended  
Hedging Instruments   in Income   September 30,     September 30,  
        2017     2016     2017     2016  
Sell AUD/Buy USD Fwd Contract   Other Inc/(Exp)   $ (11 )   $ (9 )   $ (29 )   $ (36 )
Sell CAD/Buy USD Fwd Contract   Other Inc/(Exp)     (224 )     103       (319 )     (476 )
Total       $ (235 )   $ 94     $ (348 )   $ (512 )
Schedule of total fair value classification of derivative transactions [Table TextBlock]

The table below presents the total fair value classification within the fair value hierarchy for the complete portfolio of derivative transactions at September 30, 2017 (in thousands):

  

    Recurring Fair Value Measurements  
    Quoted Prices in Active                                      
    Markets for Identical     Significant Other     Significant              
    Assets and Liabilities     Observable Inputs     Unobservable Inputs              
    (Level 1)     (Level 2)     (Level 3)     Total Fair Value at As of  
    September 30,     September 30,     September 30,     September 30,  
    2017     2016     2017     2016     2017     2016     2017     2016  
Assets                                                                
Derivative Financial Instruments   $ —     $ —     $ —     $ —     $ —     $ —     $ —     $ —  
Liabilities                                                                
Derivative Financial Instruments   $ —     $ —     $ (153 )   $ (122 )   $ —     $ —     $ (153 )   $ (122 )