Fair Value Measurement

3 Months Ended

Mar. 31, 2020

Fair Value Disclosures [Abstract]

Fair Value Disclosures [Text Block]

5. Fair Value Measurement:

The following tables present our financial assets and liabilities that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy. The fair value hierarchy has three levels based on the reliability of the inputs used to determine fair value.

			Fair Value Measurements at March 31, 2020
			Quoted Prices in		Significant Other		Significant
			Active Markets for		Observable		Unobservable
			Identical Assets		Inputs		Inputs
	Total		(Level 1)		(Level 2)		(Level 3)
Assets:
Short-term investments	$	61,539	$	—	$	61,539	$	—
Foreign currency forward exchange contracts accounted for using hedge accounting		131				131
Foreign currency forward exchange contracts not accounted for using hedge accounting		140		—		140		—
	$	61,810	$	—	$	61,810	$	—
Liabilities:
Interest rate swap	$	8	$	—	$	8	$	—

			Fair Value Measurements at December 31, 2019
			Quoted Prices in		Significant Other		Significant
			Active Markets for		Observable		Unobservable
			Identical Assets		Inputs		Inputs
	Total		(Level 1)		(Level 2)		(Level 3)
Assets:
Short-term investments	$	60,714	$	—	$	60,714	$	—
Foreign currency forward exchange contracts accounted for using hedge accounting		16				16
Foreign currency forward exchange contracts not accounted for using hedge accounting		112		—		112		—
	$	60,842	$	—	$	60,842	$	—
Liabilities:
Interest rate swap	$	30	$	—	$	30	$	—

The carrying amount of cash and cash equivalents including money market funds, short-term investments, accounts receivable, other receivables, accounts payable and accrued expenses approximates fair value due to the short terms to maturity of these instruments. The carrying amount of loans payable approximates fair value as the interest rates on the Company’s indebtedness approximate current market rates.

Foreign currency forward exchange contracts are valued based on quotations from financial institutions and the value of interest rate swaps are the discounted net present value of the swaps using third party quotes from financial institutions.