Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2020

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, 2020 and 2019:

Notional Amount

Effective Date

Maturity Date

Index*

Weighted Average Strike Rate

Cash Flow Hedge Designation

1,205

December 2020

February 2021

EUR/GPB

0.8948

Non-designated

2,202

December 2020

February 2021

EUR/USD

1.2218

Non-designated

12,879

December 2020

February 2021

GPB/USD

1.3654

Non-designated

213,508

April 2020 - December 2020

January 2021 - May 2021

USD/CNY

6.5806

Non-designated

3,189

December 2020

February 2021

USD/JPY

103.3150

Non-designated

43,180

January 2020 - December 2020

January 2021 - May 2021

USD/TWD

28.1442

Non-designated

276,163

1,844

December 2019

February 2020

EUR/GPB

0.8471

Non-designated

3,375

December 2019

February 2020

EUR/USD

1.1230

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

108.7320

Non-designated

33,621

December 2019

February 2020

USD/TWD

29.9880

Non-designated

500

January 2019

January 2020

USD/TWD

30.6350

Non-designated

500

October 2019

February 2020

USD/TWD

30.5710

Non-designated

105,900

* 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 2020 and December 31, 2019:

	Number of Instruments		Notional Amount
	2020	2019	2020		2019
Interest rate swaps and collars	6	9	$	140,000	$	200,000

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, 2020 and December 31, 2019:

	Fair Value
	Other Current Assets				Other Assets				Other Current Liabilities				Other Liabilities
	2020		2019		2020		2019		2020		2019		2020		2019
Interest rate swaps and collars	$	-	$	194	$	-	$	36	$	1,626	$	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 2020, 2019 and 2018:

	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,
	2020			2019		2018			2020			2019		2018			2020		2019		2018
Interest rate swaps and collars	$	(1,581	)	$	(2,997)	$	1,790	Interest expense	$	(445	)	$	1,248	$	860	N/A	$	-	$	-	$	-
Cross currency swaps		(2,305	)		(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,
	2020		2019			2018
Foreign currency forward contracts	$	3,584	$	(3,662	)	$	(8,493)	Foreign currency loss, net