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DERIVATIVES (Tables) | 12 Months Ended
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Dec. 31, 2024
DERIVATIVES |
Schedule of fair values of derivative instruments on the Company's Consolidated Balance Sheets | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | December 31, 2024 | ​ | December 31, 2023
​ | Other | ​ | Other | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Other | ​ | Other | ​ | ​ | ​ | ​ | ​ | ​
​ | Current | ​ | Current | ​ | Other | ​ | Other | ​ | Current | ​ | Current | ​ | Other | ​ | Other
Derivatives by hedge designation | Assets |  | Liabilities |  | Assets |  | Liabilities |  | Assets |  | Liabilities |  | Assets |  | Liabilities
Designated as hedging instruments: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Foreign exchange contracts | $ | 1,663 | ​ | $ | 2,972 | ​ | $ | — | ​ | $ | — | ​ | $ | 1,548 | ​ | $ | 687 | ​ | $ | — | ​ | $ | —
Interest rate swap agreements |  | — | ​ |  | — | ​ | ​ | — | ​ | ​ | — | ​ |  | — | ​ |  | — | ​ | ​ | 1,460 | ​ | ​ | —
Forward starting swap agreements | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 20,377 | ​ | ​ | —
Net investment contracts | ​ | 10,276 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 3,351 | ​ | ​ | — | ​ | ​ | —
Commodity contracts | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 45 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Not designated as hedging instruments: |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Foreign exchange contracts |  | 1,560 | ​ | ​ | 4,251 | ​ | ​ | — | ​ | ​ | — | ​ |  | 4,063 | ​ | ​ | 623 | ​ | ​ | — | ​ | ​ | —
Total derivatives | $ | 13,499 | ​ | $ | 7,223 | ​ | $ | — | ​ | $ | — | ​ | $ | 5,656 | ​ | $ | 4,661 | ​ | $ | 21,837 | ​ | $ | —
Schedule of effects of undesignated derivative instruments on the Company's Consolidated Statements of Income | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Year Ended December 31,
Derivatives by hedge designation |  | Classification of (loss) gain |  | 2024 |  | 2023
Not designated as hedges: | ​ |  | ​ | ​ |  |  | ​ |
Foreign exchange contracts | ​ | Selling, general & administrative expenses | ​ | $ | (11,198) | ​ | $ | 15,990
Schedule of effects of designated cash flow hedges on AOCI and the entity's Consolidated Statements of Income | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31,
Total (loss) gain recognized in AOCI, net of tax |  | 2024 |  | 2023
Foreign exchange contracts | ​ | $ | (812) | ​ | $ | 721
Interest rate swap agreements | ​ | ​ | — | ​ | ​ | 1,085
Forward starting swap agreements | ​ | ​ | 18,067 | ​ | ​ | 14,696
Net investment contracts | ​ | ​ | 20,403 | ​ | ​ | 7,136
Commodity contracts | ​ |  | — | ​ |  | 34
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | Year Ended December 31,
​ | ​ | Gain (loss) recognized in the | ​ | ​ | ​ | ​ | ​ | ​
Derivative type |  | Consolidated Statements of Income: |  | 2024 |  | 2023
Foreign exchange contracts |  | Net Sales | ​ | $ | (625) | ​ | $ | 5,210
​ |  | Cost of goods sold | ​ |  | 494 | ​ |  | 590
Commodity contracts | ​ | Cost of goods sold | ​ | ​ | 110 | ​ |  | 193
Forward starting swap agreements | ​ | Interest expense, net | ​ | ​ | 1,394 | ​ | ​ | —
​

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