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Derivatives
 3 Months Ended
Mar. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivatives
Derivatives
The following table sets forth the total net fair value of derivatives:  
 
 
March 31, 2018
 
December 31, 2017
 
 
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
 
$
—

 
$
(563
)
 
$
—

 
$
(563
)
 
$
—

 
$
(565
)
 
$
—

 
$
(565
)

We held foreign currency exchange contracts, which resulted in a net pre-tax loss of $1.3 million and a net pretax gain of $0.2 million for the three months ended March 31, 2018 and 2017, 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
March 31, 2018
 
USD/Euro
 
USD
 
$
12.0

 
1.2247

 
$
(77
)
 
April 3, 2018
March 31, 2018
 
USD/Chinese Yuan Renminbi
 
Chinese Yuan Renminbi
 
$
25.0

 
6.3895

 
$
(504
)
 
April 3, 2018
March 31, 2018
 
USD/Brazilian Real
 
USD
 
$
2.0

 
3.2755

 
$
18

 
April 3, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2017
 
USD/Euro
 
USD
 
$
17.0

 
1.1858

 
$
(220
)
 
January 5, 2018
December 31, 2017
 
USD/Chinese Yuan Renminbi
 
Chinese Yuan Renminbi
 
$
20.0

 
6.6481

 
$
(410
)
 
January 5, 2018
December 31, 2017
 
USD/Brazilian Real
 
USD
 
$
2.5

 
3.2350

 
$
65

 
January 24, 2018
(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.