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Hedge Contracts (Tables)
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]    
Schedule of Notional Amounts of Outstanding Derivative Positions Table
Derivative Contracts
 
U.S. Dollar Notional Amount
 
Traded Exchange Rate
 
Settlement Date

 
(In Thousands)
 
 
 
 
Forward purchase euro
 
$
1,743

 
1.19

 
1/18/2018
Forward purchase pounds sterling
 
$
5,998

 
1.33

 
1/18/2018
Forward sale Canadian dollar
 
$
3,756

 
1.29
 
1/18/2018
Forward purchase Mexican peso
 
$
6,974

 
19.28

 
1/18/2018
Forward sale Norwegian krone
 
$
4,131

 
8.40

 
1/18/2018
Forward sale Mexican peso
 
$
6,067

 
19.28
 
1/18/2018
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
Derivatives Designated as Hedging Instruments 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


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 fair value measurement). The fair values of our foreign currency derivative instruments as of December 31, 2017 and 2016, are as follows:
Foreign currency derivative instruments
Balance Sheet Location
 
 Fair Value at
December 31, 2017
 Fair Value at
December 31, 2016

 

 
(In Thousands)
Forward purchase contracts
 
Current assets
 
$
111

$
—

Forward sale contracts
 
Current assets
 
130

81

Forward purchase contracts
 
Current liabilities
 
(113
)
(371
)
Total
 

 
$
(127
)
$
(290
)