DERIVATIVE INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2017

Fair Value of Company Outstanding Forward Contracts

The fair value of the Company’s outstanding forward contracts was as follows:

	December 31, 2016
(in thousands)	Recorded In:		Fair Value
Asset Derivatives
Foreign currency forward contracts		Other current assets	$	628
Liability Derivatives
Foreign currency forward contracts		Accrued expenses	$	883

Forward Contracts Outstanding with Total Notional Values

The Company had forward contracts outstanding with total notional values as of September 30, 2016 as follows:

(in thousands)
Euro	€	21,810
British pound	£	5,919
Australian dollar	A$	19,515
United States dollar	$	59,450

Change in Fair Value of Forward Contracts

The income statement impact of the Company’s outstanding forward contracts and foreign currency transactions was as follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
(in thousands)	2017			2016			2017			2016
Gain (loss) from the change in the fair value of forward contracts included in other income (expense), net	$	—		$	(1,237	)	$	286		$	(4,955	)
Foreign currency transaction (loss) gain from the remeasurement of foreign currency assets and liabilities		(552	)		1,082			(793	)		2,764
	$	(552	)	$	(155	)	$	(507	)	$	(2,191	)