XML 40 R29.htm IDEA: XBRL DOCUMENT v3.25.3
Derivative Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Values of Hedge Instruments on the Unaudited Condensed Consolidated Balance Sheets
The fair value of hedge instruments recognized on the unaudited condensed consolidated balance sheets was as follows:
(in thousands)September 30,December 31,
Balance Sheet LocationHedge Instrument Type20252024
Prepaid and other assetsForeign exchange forward$1,307 $8,135 
Interest rate swap— 4 
Accrued expenses and other liabilitiesForeign exchange forward2,842 251 
Interest rate swap— 1 
Schedule of Effect of Hedge Instruments Losses on Accumulated Other Comprehensive Loss, Net of Tax
The hedge instrument gains (losses) recognized in accumulated other comprehensive loss, net of tax was as follows:
 Three months endedNine months ended
 September 30,September 30,
(in thousands)2025202420252024
Type of hedge    
Foreign exchange forward$1,091 $(3,635)$(6,242)$1,702 
Interest rate swap — (258)— 511 
 Total$1,091 $(3,893)$(6,242)$2,213 
Schedule of Effect of Hedge Instrument in the Unaudited Condensed Consolidated Statement of Operations
The hedge instrument gains recognized on the unaudited condensed consolidated statements of operations were as follows:
 Three months endedNine months ended
 September 30,September 30,
(in thousands)2025202420252024
Location of gains (losses) in statements of operations    
Foreign exchange forward:
Cost of goods sold$166 $3,040 $3,281 $8,443 
Selling, general and administrative (1)
81 (1,634)(3,022)(253)
Total $247 $1,406 $259 $8,190 
Interest Rate Swap:
Interest expense, net$— $256 $3 $773 
Total$— $256 $3 $773 
_______________________________________________________________________________
(1) Relates to net gains (losses) on foreign exchange forward contracts derived from previously designated cash flow hedges.