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Derivatives
 9 Months Ended
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.