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Derivatives (Tables)
3 Months Ended
Mar. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]
The following table presents the fair value of derivative instruments included within the consolidated balance sheets as of March 31, 2018 and December 31, 2017 (in thousands):
 
 
 
Balance Sheet Location
 
Fair Value
 
 
 
 
 
2018
 
2017
 
Derivatives designated as hedging instruments:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Foreign currency forward contracts
 
Prepaid expenses and other current assets
 
$
-
 
$
342
 
 
 
 
 
 
 
 
 
 
 
Foreign currency forward contracts
 
Accrued expenses
 
$
189
 
$
-
 
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]
The effects of foreign currency forward contracts designated as cash flow hedges on the Company’s condensed consolidated statements of operations and comprehensive loss for the three months ended March 31, 2018 and 2017, respectively, were as follows (in thousands):
 
 
 
Three Months Ended
 
 
 
March 31,
 
 
 
2018
 
2017
 
 
 
 
 
 
 
 
 
Net gain (loss) recognized in OCI(1)
 
$
(536)
 
$
233
 
Net gain (loss) reclassified from accumulated OCI into income(2)
 
$
(5)
 
$
(78)
 
Net gain recognized in income(3)
 
$
-
 
$
-
 
 
(1)Net change in fair value of the effective portion classified into other comprehensive income (loss) ("OCI").
(2)Effective portion classified within direct operating costs.
(3)There were no ineffective portions for the periods presented.