Derivatives Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2016
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Forward Currency Contracts and Interest Rate Swaps

As of December 31, 2016, the Company had the following forward currency contracts and interest rate swaps:

 

Nature of Derivative

 

Currency

 

Amount

 

 

Type

Forward currency sales

   contracts

 

Chilean peso

 

 

1,800,000

 

 

Not designated as hedge instrument

Interest rate swap contracts

 

Euro

 

 

20,414

 

 

Not designated as hedge instrument

 
Fair Value Amounts of Derivative Instruments Reported in Consolidated Balance Sheets

The following table provides the location and fair value amounts of derivative instruments that are reported in the Consolidated Balance Sheet as of December 31, 2016 and 2015

 

Total derivatives not designated as a hedge instrument

 

 

 

 

 

Fair Value

 

 

 

 

 

Years Ended December 31,

 

Asset Derivatives

 

Balance Sheet Location

 

2016

 

 

2015

 

Foreign currency exchange contracts

 

Prepaid expense and other

 

$

—

 

 

$

595

 

Foreign currency exchange contracts

 

Current assets of discontinued operations

 

—

 

 

5

 

Total derivative assets

 

 

 

$

—

 

 

$

600

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities Derivatives

 

 

 

 

 

 

 

 

 

 

Foreign currency Exchange Contracts

 

Accrued expense

 

$

159

 

 

$

—

 

Foreign currency Exchange Contracts

 

Current liabilities of discontinued operations

 

—

 

 

 

74

 

Interest rate swap contracts

 

Notes payable-Short term

 

 

405

 

 

 

1,177

 

Total derivative liabilities

 

 

 

$

564

 

 

$

1,251

 

 
Effect of Derivative Instruments on Consolidated Statements of Income

The following tables provide the effect of derivative instruments on the Consolidated Statement of Income for 2016, 2015 and 2014:

 

Derivatives not designated as Hedge Instrument

 

Location of gain or (loss)

recognized

in Income Statement

 

Gain or (loss)

 

 

 

 

 

2016

 

 

2015

 

 

2014

 

Forward currency contracts

 

Foreign currency

transaction gains (losses)

 

$

(483

)

 

$

395

 

 

$

235

 

Forward currency contracts

 

Loss from operations of

discontinued operations

 

 

54

 

 

 

(430

)

 

 

(125

)

Interest rate swap contracts

 

Interest expense

 

 

(41

)

 

 

(56

)

 

—

 

Total derivatives (loss) gain

 

 

 

$

(470

)

 

$

(91

)

 

$

110

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivatives designated as Hedge Instrument

 

Location of gain or (loss)

recognized

in Income Statement

 

Gain or (loss)

 

 

 

 

 

2016

 

 

2015

 

 

2014

 

Forward currency contracts

 

Net revenue

 

$

—

 

 

$

—

 

 

$

(26

)