Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2019

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Summary of Outstanding Foreign Currency Forward Contracts

The tables below set forth outstanding foreign currency forward contracts at December 31, 2019 and 2018:

Notional Amount

Effective Date

Maturity Date

Index*

Weighted Average Strike Rate

Cash Flow Hedge Designation

1,844

December 2019

February 2020

EUR/GPB

0.8471

Non-designated

3,375

December 2019

February 2020

EUR/USD

1.123

Non-designated

25,957

December 2019

February 2020

GPB/USD

1.3257

Non-designated

39,340

December 2019

February 2020

USD/CNY

6.9762

Non-designated

763

December 2019

February 2020

USD/JPY

108.732

Non-designated

33,621

December 2019

February 2020

USD/TWD

29.988

Non-designated

500

January 2019

January 2020

USD/TWD

30.635

Non-designated

500

October 2019

February 2020

USD/TWD

30.571

Non-designated

1,221

December 2018

February 2019

EUR/GPB

0.8981

Non-designated

12,538

December 2018

February 2019

EUR/USD

1.1479

Non-designated

8,463

December 2018

February 2019

GPB/USD

1.2785

Non-designated

44,946

December 2018

February 2019

USD/CNY

6.8738

Non-designated

844

December 2018

February 2019

USD/JPY

110.14

Non-designated

54,041

December 2018

February 2019

USD/TWD

30.559

Non-designated

300

December 2018

January 2019

USD/TWD

30.669

Non-designated

* EUR = Euro

GBP = British Pound Sterling

USD = United States Dollar

CNY = Chinese Yuan Renminbi

JPY = Japan Yen

TWD = Taiwan dollar

Summary of Information Related to Number of and Notional Amount of Interest Rate Related Derivative Instruments

The table below sets forth information related to the number of and the notional amount of our interest rate related derivative instruments at December 31 2019 and December 31, 2018:

	Number of Instruments		Notional Amount
	2019	2018	2019		2018
Interest rate swaps and collars	9	12	$	200,000	$	210,000

Summary of Fair Value of Interest Rate Related Derivative Financial Instruments and Their Classification on Consolidated Balance Sheets

The table below sets forth the fair value of the Company’s interest rate related derivative financial instruments as well as their classification on the Consolidated Balance Sheets as of December 31, 2019 and December 31, 2018:

	Fair Value
	Other Current Assets				Other Assets				Other Current Liabilities				Other Liabilities
	2019		2018		2019		2018		2019		2018		2019		2018
Interest rate swaps and collars	$	194	$	1,936	$	36	$	2,795	$	51	$	-	$	127	$	-

Summary of Effect of Derivative Financial Instruments on Consolidated Statements of Income

The tables below sets forth the effect of the Company’s derivative financial instruments on the Consolidated Statements of Income for the years ended December 31 2019, 2018 and 2017:

	Amount of Gain or (Loss) Recognized in OCI on Derivative							Location of Gain or (Loss) Reclassified from Accumulated OCI into Income							Location of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion Excluded from Effectiveness Testing)	Amount of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing)
Derivative Instruments Designated as Hedging Instruments									Amount of Gain or (Loss) Reclassified from Accumulated OCI into Net Income

	December 31,								December 31,							December 31,
	2019			2018		2017			2019		2018		2017			2019		2018		2017
Interest rate swaps and collars	$	(2,997	)	$	1,790	$	1,567	Interest expense	$	1,248	$	860	$	577	N/A	$	-	$	-	$	-
Cross currency swaps		(298	)		-		-	N/A		-		-		-	Interest income		688		-

	Amount of Gain or (Loss) Recognized in Net Income								Location of Gain or (Loss) Recognized in Net Income
Derivatives Not Designated As Hedging Instruments	Amount of Gain or (Loss) Recognized in Net Income
	December 31,
	2019			2018			2017
Foreign currency forward contracts	$	(3,662	)	$	(8,493	)	$	1,491	Foreign currency loss, net