Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]

The following table presents the fair values of our derivative instruments included within the Condensed Consolidated Balance Sheets as of September 30, 2021 and December 31, 2020 (in thousands):

	Derivatives
	Condensed Consolidated Balance Sheet Location	September 30, 2021		December 31, 2020
Derivatives designated as cash flow hedging instruments
Foreign exchange forward contract:
	Prepaid expenses and other current assets	$	772	$	3,555
Total derivatives designated as cash flow hedging instruments		$	772	$	3,555

    The following table presents the gain (loss) affecting the Condensed Consolidated Statements of Operations for the three and nine months ended September 30, 2021 and 2020 (in thousands):

	Line Item in the Condensed Consolidated Statements of Operations	Three months ended September 30,				Nine months ended September 30,
		2021		2020		2021		2020
Derivatives designated as cash flow hedging instruments
Foreign exchange forward contracts	Cost of goods sold	$	968	$	(49)	$	2,713	$	423

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block]

We recognized the following gains (losses) on our foreign exchange contracts designated as a cash flow hedge (in thousands):

	Amount of (Loss) Gain Recognized in Other Comprehensive Income on Derivatives				Amount of Gain (Loss) Reclassified From Accumulated Other Comprehensive Income into Income
	Three months ended September 30,					Three months ended September 30,
	2021		2020		Location of Gain (Loss) Reclassified From Accumulated Other Comprehensive Income into Income	2021		2020
Derivatives designated as cash flow hedges:
Foreign exchange forward contract	$	(109)	$	1,287	Cost of goods sold	$	968	$	(49)
Total derivatives designated as cash flow hedging instruments	$	(109)	$	1,287		$	968	$	(49)

	Amount of Loss Recognized in Other Comprehensive Income on Derivatives				Amount of Gain Reclassified From Accumulated Other Comprehensive Income into Income
	Nine months ended September 30,					Nine months ended September 30,
	2021		2020		Location of Gain Reclassified From Accumulated Other Comprehensive Income into Income	2021		2020
Derivatives designated as cash flow hedges:
Foreign exchange forward contract	$	(70)	$	(642)	Cost of goods sold	$	2,713	$	423
Total derivatives designated as cash flow hedging instruments	$	(70)	$	(642)		$	2,713	$	423

As of September 30, 2021, we expect approximately $0.7 million of the deferred gains on the outstanding derivatives in accumulated other comprehensive income to be reclassified to net income during the next three months concurrent with the underlying hedged transactions also being reported in net income.