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Operations and Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Accounts Receivable, Allowance for Credit Loss | The changes in the allowance for doubtful accounts receivable for the year ended December 31, 2023 are outlined in the table below:
| Balance as of |  |  | Balance as of
(in thousands) | December 31, 2022 | Expense (Deductions), net | Write-Offs 1 | December 31, 2023
Allowance for Doubtful Accounts | $ | 3,240 |  | $ | 730 |  | $ | 88 |  | $ | 3,882 |
1 Amount is net of recoveries and the effect of foreign currency fluctuations for the year ended December 31, 2023
Schedule of Derivative Assets at Fair Value | The following tables summarize the financial assets and financial liabilities measured at fair value for the Company as of December 31, 2023 and 2022:
| 2023 |  | 2022
(in thousands) | Level 1 | Level 2 | Level 3 |  | Level 1 | Level 2 | Level 3
Cash equivalents (1) | $ | 163,558 |  | $ | — |  | $ | — |  |  | $ | 125,052 |  | $ | — |  | $ | — |
Term loan due 2027 (2) | — |  | 410,625 |  | — |  |  | — |  | 433,125 |  |
Revolver due 2027 (2) | — |  | 75,038 |  | — |  |  | — |  | 150,038 |  |
Derivative instruments - assets (3) | — |  | 21,835 |  | — |  |  | — |  | 43,885 |  | — |
Derivative instruments - liabilities (3) | — |  | 30,111 |  | — |  |  | — |  | 8,026 |  | — |
Contingent considerations | — |  | — |  | 6,600 |  |  | — |  | — |  | 6,500 |
(1) The carrying amounts of cash equivalents, representing government and other money market funds traded in an active market with relatively short maturities, are reported on the consolidated balance sheet as of December 31, 2023 and 2022 as a component of "Cash and cash equivalents". (2) The carrying amounts of our term loan and revolver approximate fair value as of December 31, 2023 and 2022 based upon their terms and conditions as disclosed in Note 14 in comparison to debt instruments with similar terms and conditions available on the same date. (3) Derivatives for interest rate, foreign exchange and forward swap contracts are discussed in Note 9.

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- Definition Tabular disclosure of allowance for credit loss on accounts receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-13 + Details
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- Definition Tabular disclosure of derivative assets at fair value. + References No definition available. + Details
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