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Derivative Instruments (Tables)
 3 Months Ended
Mar. 31, 2020
Derivative Instruments [Abstract]  
Estimated Fair Value of the Contracts in the Consolidated Balance Sheets
We reports all derivatives at fair value. These contracts are recognized as either assets or liabilities, depending upon the derivative’s fair value. The estimated net fair values of the derivative contracts on the consolidated balance sheets are as follows:

  
March 31,
  
December 31,
 
(in thousands)
 
2020
  
2019
 
Prepaid expenses and other current assets
      
Foreign exchange contracts
 
$
-
  
$
49
 
Total asset derivatives
  
-
   
49
 
         
Other liabilities
        
Interest rate swaps
  
(257
)
  
(160
)
Total liability derivatives
  
(257
)
  
(160
)
         
Net fair value
 
$
(257
)
 
$
(111
)
Net (Loss) Gain on Derivative Instruments
For the three months ended March 31, 2020 and 2019, we recognized a net (loss) gain on our derivative instruments as outlined below:

  
Three months ended
March 31,
 
(in thousands)
 
2020
  
2019
 
Interest rate swap - change in fair value
 
$
(97
)
 
$
(26
)
Foreign exchange contracts
  
17
   
102
 
Remeasurement of related contract receivables,
 and billings in excess of revenue earned
  
37
   
17
 
(Loss) gain on derivative instruments, net
 
$
(43
)
 
$
93