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Derivative Instruments (Tables)
12 Months Ended
Dec. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Notional Amounts of Outstanding Derivative Positions
The Company had the following outstanding forward contracts (in thousands):
 
December 31, 2018
 
December 31, 2017
Currency
Notional Value

USD Equivalent

 
Notional Value

USD Equivalent

 
 
 
 
 
 
Derivatives Not Designated as Hedging Instruments:
Euro
23,000

$
26,330

 

$

Japanese Yen
380,000

3,459

 
455,000

4,049

British Pound
2,500

3,204

 
1,650

2,232

Korean Won
3,125,000

2,808

 
1,825,000

1,708

Hungarian Forint
750,000

2,685

 
545,000

2,110

Taiwanese Dollar
55,000

1,807

 
37,725

1,278

Canadian Dollar
990

726

 


Singapore Dollar
700

514

 


Swiss Franc


 
1,365

1,401

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
Information regarding the fair value of the outstanding forward contracts was as follows (in thousands):
 
Asset Derivatives
 
Liability Derivatives
 
Balance
Sheet
Location     
 
Fair Value
 
Balance
Sheet
Location     
 
Fair Value
 
 
December 31, 2018
 
December 31, 2017
 
 
December 31, 2018
 
December 31, 2017
Derivatives Not Designated as Hedging Instruments:
Economic hedge forward contracts
Prepaid expenses and other current assets
 
$
1

 
$
16

 
Accrued expenses
 
$
106

 
$
13

Offsetting Assets
The following table summarizes the gross activity for all derivative assets and liabilities which were presented on a net basis on the Consolidated Balance Sheets due to the right of offset with each counterparty (in thousands):
Asset Derivatives
 
Liability Derivatives
 
 
December 31, 2018
 
December 31, 2017
 
 
 
December 31, 2018
 
December 31, 2017
Gross amounts of recognized assets
 
$
1

 
$
16

 
Gross amounts of recognized liabilities
 
$
106

 
$
13

Gross amounts offset
 

 

 
Gross amounts offset
 

 

Net amount of assets presented
 
$
1

 
$
16

 
Net amount of liabilities presented
 
$
106

 
$
13

Derivative Instruments, Gain (Loss)
Information regarding the effect of derivative instruments, net of the underlying exposure, on the consolidated financial statements was as follows (in thousands):
 
Location in Financial Statements
 
Year Ended December 31,
2018
 
2017
 
2016
Derivatives Designated as Hedging Instruments:
Gains (losses) recorded in shareholders' equity (effective portion)
Accumulated other comprehensive income (loss), net of tax
 
$

 
$

 
$
37

Gains (losses) reclassified from accumulated other comprehensive income (loss) into current operations (effective portion)
Revenue
 
$

 
$
30

 
$
(438
)
 
Research, development, and engineering expenses
 

 
3

 
13

 
Selling, general, and administrative expenses
 

 
8

 
27

 
Total gains (losses) reclassified from accumulated other comprehensive income (loss) into current operations
 
$

 
$
41

 
$
(398
)
 
 
 
 
 
 
 
 
Derivatives Not Designated as Hedging Instruments:
Gains (losses) recognized in current operations
Foreign currency gain (loss)

$
(285
)
 
$
270

 
$
(515
)
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)
The following table summarizes the changes in accumulated other comprehensive income (loss), net of tax, related to derivative instruments (in thousands):
Balance as of December 31, 2016
$
37

Net unrealized gain (loss) on cash flow hedges
4

Reclassification of net realized (gain) loss on cash flow hedges into current operations
(41
)
Balance as of December 31, 2017

Balance as of December 31, 2018
$