Derivatives (Tables)

12 Months Ended

Dec. 31, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Notional Amounts of Outstanding Derivative Positions

Outstanding foreign currency forward exchange contracts qualifying and designated for hedge accounting treatment were as follows (in thousands USD):

	December 31, 2021				December 31, 2020
	Notional Amount		Unrealized Net Gain (Loss)		Notional Amount		Unrealized Net Gain (Loss)
USD / CHF	—		—		1,675		(11)
USD / EUR	—		—		56,187		(636)
USD / GBP	—		—		2,467		(19)
USD / SEK	—		—		2,658		(41)
USD / MXN	23		1		2,230		334
EUR / CHF	—		—		5,037		10
EUR / GBP	—		—		19,060		44
EUR / NOK	—		—		4,167		(64)
EUR / SEK	—		—		10,162		(73)
AUD / NZD	—		—		781		(13)
DKK / SEK	—		—		3,329		9
NOK / SEK	—		—		3,431		(50)
AUD / THB	—		—		4,963		(221)
NZD / THB	—		—		1,755		(55)
USD / THB	—		—		4,152		(56)
EUR / THB	—		—		1,332		18
GBP / THB	—		—		842		10
	$	23	$	1	$	124,228	$	(814)

Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location

Foreign currency forward exchange contracts not qualifying or designated for hedge accounting treatment, as well as ineffective hedges, entered into in 2021 and 2020, respectively, and outstanding were as follows (in thousands USD):

	December 31, 2021				December 31, 2020
	Notional Amount		Gain (Loss)		Notional Amount		Gain (Loss)
USD / AUD	$	3,792	$	(57)	$	6,046	$	(159)
USD / CAD	14,556		(24)		8,320		$	88
USD / EUR	70,454		(1,104)		—		—
USD / DKK	10,850		(257)		8,690		207
USD / GBP	4,028		32		16,062		338
AUD / NZD	7,366		(17)		6,579		(35)
USD / NOK	2,352		(81)		9,053		264
USD / SEK	2,344		(131)		—		—
USD / THB	4,500		86		—		—
	$	120,242	$	(1,553)	$	54,750	$	703

Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location

The fair values of the company's derivative instruments were as follows (in thousands):

	December 31, 2021				December 31, 2020
	Assets		Liabilities		Assets		Liabilities
Derivatives designated as hedging instruments under ASC 815
Foreign currency forward exchange contracts	$	1	$	—	$	424	$	1,238
Derivatives not designated as hedging instruments under ASC 815
Foreign currency forward exchange contracts	385		1,938		897		194
Total derivatives	$	386	$	1,938	$	1,321	$	1,432

Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)

The effect of derivative instruments on Accumulated Other Comprehensive Income (OCI) and the Consolidated Statements of Comprehensive Income (Loss) was as follows (in thousands):

Derivatives (foreign currency forward exchange contracts) in ASC 815 cash flow hedge relationships	Amount of Gain (Loss) Recognized in Accumulated OCI on Derivatives (Effective Portion)		Amount of Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)		Amount of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing)
Year ended December 31, 2021	$	(557)	$	(1,260)	$	—
Year ended December 31, 2020	$	(2,129)	$	(1,407)	$	—
Derivatives (foreign currency forward exchange contracts) not designated as hedging instruments under ASC 815	Amount of Gain (Loss) Recognized in Income on Derivatives
Year ended December 31, 2021	$	(1,553)
Year ended December 31, 2020	$	703