9. Foreign currency exchange contracts and hedging

As of December 31, 2021 and December 31, 2020, the Company’s total non-designated and designated derivative contracts had notional amounts totaling approximately $2,318 and $23,253, respectively, and $0 and $16,303, respectively. These contracts were comprised of offsetting contracts with the same counterparty, each expires within one to twelve months. During the years ended December 31, 2021, 2020, and 2019, these contracts had, net of tax, unrealized gains of $1,793, and unrealized losses of $289 and  $694, respectively.

The nonperformance risk of the Company and the counterparty did not have a material impact on the fair value of the derivatives. During the years ended December 31, 2021, 2020 and 2019, there were no ineffective portions relating to these hedges and the hedges remained effective through their respective settlement dates. As of December 31, 2021, the Company had thirteen designated hedges and two non-designated hedges. As of December 31, 2020, the Company had seventeen designated hedges and no non-designated hedges.