Derivative Instruments (Tables)

12 Months Ended

Dec. 31, 2019

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, 2019			December 31, 2018
Currency	Notional Value	USD Equivalent		Notional Value	USD Equivalent
Derivatives Not Designated as Hedging Instruments:
Korean Won	161,951,500	$	139,688	3,125,000	$	2,808
Euro	18,000	20,249		23,000	26,330
Japanese Yen	575,000	5,291		380,000	3,459
Mexican Peso	80,000	4,223		—	—
British Pound	2,700	3,569		2,500	3,204
Hungarian Forint	870,000	2,962		750,000	2,685
Taiwanese Dollar	37,450	1,256		55,000	1,807
Canadian Dollar	1,300	1,000		990	726
Singapore Dollar	845	628		700	514

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, 2019		December 31, 2018			December 31, 2019		December 31, 2018
Derivatives Not Designated as Hedging Instruments:
Economic hedge forward contracts	Prepaid expenses and other current assets	$	857	$	1	Accrued expenses	$	23	$	106

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, 2019		December 31, 2018			December 31, 2019		December 31, 2018
Gross amounts of recognized assets	$	857	$	1	Gross amounts of recognized liabilities	$	23	$	106
Gross amounts offset	—		—		Gross amounts offset	—		—
Net amount of assets presented	$	857	$	1	Net amount of liabilities presented	$	23	$	106

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,
		2019		2018			2017
Derivatives Designated as Hedging Instruments:
Gains (losses) reclassified from accumulated other comprehensive income (loss) into current operations (effective portion)	Revenue	$	—	$	—		$	30
	Research, development, and engineering expenses	—		—			3
	Selling, general, and administrative expenses	—		—			8
	Total gains (losses) reclassified from accumulated other comprehensive income (loss) into current operations	$	—	$	—		$	41
Derivatives Not Designated as Hedging Instruments:
Gains (losses) recognized in current operations	Foreign currency gain (loss)	$	1,305	$	(285	)	$	270

Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)

	Location in Financial Statements	Year Ended December 31,
		2019		2018			2017
Derivatives Designated as Hedging Instruments:
Gains (losses) reclassified from accumulated other comprehensive income (loss) into current operations (effective portion)	Revenue	$	—	$	—		$	30
	Research, development, and engineering expenses	—		—			3
	Selling, general, and administrative expenses	—		—			8
	Total gains (losses) reclassified from accumulated other comprehensive income (loss) into current operations	$	—	$	—		$	41
Derivatives Not Designated as Hedging Instruments:
Gains (losses) recognized in current operations	Foreign currency gain (loss)	$	1,305	$	(285	)	$	270