Annual report pursuant to Section 13 and 15(d)

Derivative Financial Instrument

v3.20.4
Derivative Financial Instrument
12 Months Ended
Dec. 31, 2020
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Derivative Financial Instruments

4. DERIVATIVE FINANCIAL INSTRUMENTS

The gross notional amount of derivative contracts not designated as hedging instruments, outstanding as of December 31, 2020, was €9.5 million ($11.6 million) for interest rate swap, while the gross notional amount of our derivative contracts not designated as hedging instruments, outstanding as of December 31, 2019 was €6.3 million ($7.0 million) for interest rate swap.

The amount and location of the gains (losses) in the consolidated statements of operations related to derivative contracts is as follows (in thousands):

 

 

 

 

 

Year Ended December 31,

 

Derivatives Not Designed As Hedging Instruments

 

Line Items

 

2020

 

 

2019

 

Interest Rate Swap

 

Financial income (expense), net

 

$

(18

)

 

$

16

 

Foreign Exchange Forward

 

Financial income (expense), net

 

 

 

 

 

361

 

Total

 

 

 

$

(18

)

 

$

377

 

 

The following table presents the fair value and the location of, derivative contracts reported in the consolidated balance sheets (in thousands):

 

 

 

 

 

As of December 31,

 

Derivatives Not Designed As Hedging Instruments

 

Line Items

 

2020

 

 

2019

 

Interest Rate Swap

 

Other long-term liabilities

 

$

(109

)

 

$

(80

)

Total

 

 

 

$

(109

)

 

$

(80

)