Hedge Contracts (Tables)

12 Months Ended

Dec. 31, 2016

Dec. 31, 2015

Hedge Contracts (Tables)

Schedule of Notional Amounts of Outstanding Derivative Positions Table

Derivative Contracts	US Dollar Notional Amount		Traded Exchange Rate	Settlement Date
	(In Thousands)
Forward purchase euro	$	509	1.07	1/18/2017
Forward purchase pounds sterling	$	6,258	1.28	1/18/2017
Forward purchase Mexican peso	$	6,740	20.18	1/18/2017
Forward sale Norwegian krone	$	2,322	8.53	1/18/2017
Forward sale Mexican peso	$	2,483	20.18	1/18/2017

Derivative Contracts	US Dollar Notional Amount		Traded Exchange Rate	Settlement Date
	(In Thousands)
Forward purchase euro	$	3,768	1.11	1/19/2016
Forward purchase pounds sterling	$	12,614	1.52	1/19/2016
Forward purchase Mexican peso	$	7,850	17.45	1/19/2016
Forward purchase Saudi Arabia riyal	$	5,040	3.74	1/5/2016
Forward sale Mexican peso	$	4,641	17.45	1/19/2016

Derivatives Designated as Hedging Instruments Table

Derivative Contracts	US Dollar Notional Amount		Traded Exchange Rate	Settlement Date
	(In Thousands)
Forward purchase euro	$	3,768	1.11	1/19/2016
Forward purchase pounds sterling	$	12,614	1.52	1/19/2016
Forward purchase Mexican peso	$	7,850	17.45	1/19/2016
Forward purchase Saudi Arabia riyal	$	5,040	3.74	1/5/2016
Forward sale Mexican peso	$	4,641	17.45	1/19/2016

Under this program, we and CCLP may enter into similar derivative contracts from time to time. Although contracts pursuant to this program will serve as an economic hedge of the cash flow of our currency exchange risk exposure, they are not formally designated as hedge contracts or qualify for hedge accounting treatment. Accordingly, any change in the fair value of these derivative instruments during a period will be included in the determination of earnings for that period.

The fair value of foreign currency derivative instruments are based on quoted market values as reported to us by our counterparty (a Level-2 measurement). The fair values of our foreign currency derivative instruments as of December 31, 2016 and 2015, are as follows:

Foreign currency derivative instruments	Balance Sheet Location	Fair Value at December 31, 2016			Fair Value at December 31, 2015
		(In Thousands)
Forward purchase contracts	Current assets	$	—		$	—
Forward sale contracts	Current assets	81			23
Forward sale contracts	Current liabilities	—			(31		)
Forward purchase contracts	Current liabilities	(371		)	(354		)
Total		$	(290	)	$	(362	)