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Basis of Presentation (Tables) | 6 Months Ended
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Jun. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Fair Value, by Balance Sheet Grouping | The following tables summarize the financial assets and financial liabilities measured at fair value for the Company as of June 30, 2025 and 2024:
| 2025 |  | 2024
(in thousands) | Level 1 |  | Level 2 |  | Level 3 |  | Level 1 |  | Level 2 |  | Level 3
Assets |  |  |  |  |  |  |  |  |  |  |
Cash equivalents (1) | $ | 35,788 |  |  | $ | — |  |  | $ | — |  |  | $ | 40,625 |  |  | $ | — |  |  | $ | — |
Derivative instruments - assets (3) | — |  |  | 16,608 |  |  | — |  |  | — |  |  | 33,464 |  |  | — |
Investment in deferred compensation plan (4) | 1,313 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Liabilities |  |  |  |  |  |  |  |  |  |  |
Term loan due 2027 (2) | — |  |  | 376,875 |  |  | — |  |  | — |  |  | 399,375 |  |  | — |
Revolver due 2027 (2) | — |  |  | — |  |  | — |  |  | — |  |  | 75,038 |  |  | — |
Derivative instruments - liabilities (3) | — |  |  | 98,495 |  |  | — |  |  | — |  |  | 15,886 |  |  | — |
Deferred compensation plan liabilities (4) | 2,792 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Contingent considerations | — |  |  | — |  |  | 5,400 |  |  | — |  |  | — |  |  | 6,511 |
(1) The carrying amounts of cash equivalents, representing money market funds traded in an active market with relatively short maturities, are reported on the consolidated balance sheet as of June 30, 2025 and 2024 as a component of "Cash and cash equivalents". (2) The carrying amounts of our term loan and revolver approximate fair value as of June 30, 2025 based upon their terms and conditions 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 7. (4) Non-qualified deferred compensation plan.
Accounts Receivable, Allowance for Credit Loss | The changes in the allowance for doubtful accounts receivable for the six months ended June 30, 2025 are outlined in the table below:
| December 31, 2024 |  | Expense (Deductions), net |  | Write-Offs 1 |  | June 30, 2025
Allowance for credit losses | $ | 2,998 |  |  | 837 |  |  | (1) |  |  | $ | 3,834 |
1 Amount is net of recoveries and the effect of foreign currency fluctuations.

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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 the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-11 + Details
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