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Fair Value Measurements and Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2023

Fair Value Disclosures [Abstract]

Fair Value of Assets and Liabilities Measured on a Recurring Basis

The following table presents the fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis:

						Fair Value as of September 30, 2023
(In thousands)						Level 1						Level 2						Level 3						Total
Assets:
Money market funds and time deposits						$	7,474					$	—					$	—					$	7,474
Banker's acceptance drafts (a)						$	—					$	8,558					$	—					$	8,558
Liabilities:
Forward currency-exchange contracts						$	—					$	88					$	—					$	88

						Fair Value as of December 31, 2022
(In thousands)						Level 1						Level 2						Level 3						Total
Assets:
Money market funds and time deposits						$	8,351					$	—					$	—					$	8,351
Banker's acceptance drafts (a)						$	—					$	5,729					$	—					$	5,729
2018 Swap Agreement (b)						$	—					$	131					$	—					$	131
Forward currency-exchange contracts						$	—					$	15					$	—					$	15
Liabilities:
Forward currency-exchange contract						$	—					$	54					$	—					$	54

(a)Included in accounts receivable in the accompanying condensed consolidated balance sheet.

(b)The 2018 Swap Agreement matured on June 30, 2023.

Carrying Value and Fair Value of Debt Obligations

The carrying value and fair value of debt obligations, excluding lease obligations, are as follows:

						September 30, 2023												December 31, 2022
						Carrying Value						Fair Value						Carrying Value						Fair Value
(In thousands)
Debt Obligations:
Revolving credit facility						$	115,494					$	115,494					$	186,131					$	186,131
Senior promissory notes						10,000						9,788						10,000						9,773
Other						2,041						2,041						3,090						3,090
						$	127,535					$	127,323					$	199,221					$	198,994

X

- 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 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 2: 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

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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

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