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Derivative Instruments
 12 Months Ended
Dec. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Instruments Derivative Instruments
The Company’s foreign currency risk management strategy is designed to mitigate the potential financial impact of changes in the value of transactions and balances denominated in foreign currencies resulting from changes in foreign currency exchange rates. The Company enters into economic hedges utilizing foreign currency forward contracts with maturities of generally up to three months but not greater than one year to manage the exposure to fluctuations in foreign currency exchange rates arising primarily from foreign-denominated receivables and payables. The gains and losses on these derivatives are intended to be offset by the changes in the fair value of the assets and liabilities being hedged. These economic hedges are not designated as hedging instruments for hedge accounting treatment.
The Company had the following outstanding forward contracts (in thousands):
December 31, 2025December 31, 2024
CurrencyNotional
Value		USD
Equivalent		Notional
Value		USD
Equivalent
Derivatives Not Designated as Hedging Instruments:
Mexican Peso160,000 $8,881 220,000 $10,701 
Hungarian Forint2,500,000 7,600 2,360,000 5,951 
Korean Won9,000,000 6,239 — — 
British Pound4,000 5,383 3,200 4,008 
Indian Rupee400,000 4,436 — — 
Chinese Renminbi20,000 2,865 95,000 12,990 
Japanese Yen400,000 2,563 2,000,000 12,789 
Singapore Dollar (1)
— — 40,000 29,457 
Euro— — 25,000 26,029 
Swiss Franc— — 2,200 2,432 
Canadian Dollar— — 2,000 1,390 
(1) In January 2026, the Company entered into a forward contract for the Singapore Dollar with a notional value of S$34 million and a USD equivalent of $27 million.
Information regarding the fair value of the outstanding forward contracts was as follows (in thousands):
 Asset DerivativesLiability Derivatives
Balance Sheet LocationFair ValueBalance Sheet LocationFair Value
Fair Value LevelDecember 31, 2025December 31, 2024Fair Value LevelDecember 31, 2025December 31, 2024
Derivatives Not Designated as Hedging Instruments:
Economic hedge forward contractsPrepaid
expenses and other current assets		Level 2$791 $689 Accrued expensesLevel 2$367 $757 
The following table summarizes the gross activity for all derivative assets and liabilities which were presented on a net basis on the Consolidated Balance Sheets due to the right of offset with each counterparty (in thousands):
Asset DerivativesLiability Derivatives
December 31, 2025December 31, 2024December 31, 2025December 31, 2024
Gross amounts of recognized assets$791 $689 Gross amounts of recognized liabilities$367 $757 
Gross amounts offset— — Gross amounts offset— — 
Net amount of assets presented$791 $689 Net amount of liabilities presented$367 $757 
Information regarding the effect of derivative instruments, net of the underlying exposure, on the consolidated financial statements was as follows (in thousands):
 Location in Financial StatementsYear Ended December 31,
202520242023
Derivatives Not Designated as Hedging Instruments:
Gains (losses) recognized in current operationsForeign currency gain (loss)$1,368 $1,945 $(10,023)