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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)
 12 Months Ended
Dec. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Outstanding Derivative Instruments

As of December 31, 2018, the Company had the following outstanding derivatives that were not designated as hedges in qualifying hedging relationships (in thousands except for number of instruments):

 

Non- Designated Derivatives Summary

 

(in thousands except for number of instruments)  Number of
Instruments		  Sell
Notional		  Buy
Notional
FX Forward Contracts               
Sell AUD/Buy USD Fwd Contract   8   $1,000   $724 
Sell CAD/Buy USD Fwd Contract   10   $6,550   $4,940 
Total   18    —     $5,664 
Derivative Instruments - Balance Sheets and Income Statement Effects

The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the Balance Sheet as of December 31, 2018 and December 31, 2017 (in thousands):

 

   Tabular Disclosure of Fair Values of Derivative Instruments
   Derivative Asset  Derivative Liabilities
   Fair Value as of:
   December 31,  December 31,  December 31,  December 31,
   2018  2017  2018  2017
Derivatives Not Designated as Hedging Instruments            
FX Forward Contracts                    
Balance Sheet Location   Other Assets    Other Assets    Other Current Liabilities    Other Current Liabilities 
Sell AUD/Buy USD Fwd Contract  $18   $—      (1)  $(9)
Sell CAD/Buy USD Fwd Contract  $121   $—      (4)  $(61)
Total  $139   $—      (5)  $(70)

 

The table below presents the effect of the Company’s derivative financial instruments on the Income Statement as of December 31, 2018 and December 31, 2017 (in thousands):

 

Effect of Derivative Instruments on the Income Statement for Derivatives Not Designated
as Hedging Instruments for the Twelve Months Ended December 31, 2018 and 2017

 

Derivatives Not Designated as
Hedging Instruments		  Location of
Gain or (Loss)
Recognized
in Income		  Amount of Gain or (Loss)
Recognized in Income
Twelve Months Ended
December 31,
      2018  2017
Sell AUD/Buy USD Fwd Contract  Other Inc/(Exp)  $67   $(29)
Sell CAD/Buy USD Fwd Contract  Other Inc/(Exp)   423    (304)
Total     $490   $(333)