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Derivative Instruments (Tables)

3 Months Ended

Mar. 31, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Values of Derivative Instruments

The fair values of our derivative instruments were as follows as of:

						Asset derivatives												Liability derivatives
(dollars in thousands)			Balance sheet location			March 31, 2025			December 31, 2024						Balance sheet location			March 31, 2025			December 31, 2024
Derivative instruments designated as hedging instruments:
Foreign currency forward contracts, current portion			Prepaid expenses and other current assets			$	719		$	1,288					Accrued expenses and other current liabilities			$	264		$	—
Interest rate swaps, long-term			Other assets			2,798			9,262						Other liabilities			—			—
Total derivative instruments designated as hedging instruments						$	3,517		$	10,550								$	264		$	—

Effects of Derivative Instruments in Cash Flow Hedging Relationships

The effects of derivative instruments in cash flow and net investment hedging relationships were as follows:

			Gain (loss) recognized in accumulated other comprehensive loss as of			Location of gain (loss) reclassified from accumulated other comprehensive loss into income									Gain reclassified from accumulated  other comprehensive loss into income
(dollars in thousands)			March 31, 2025												Three months ended March 31, 2025
Cash Flow Hedges
Interest rate swaps			$	2,798		Interest expense									$	919
Foreign currency forward contracts			$	615		Revenue									$	296
Net Investment Hedges
Foreign currency forward contracts			$	(160)											$	—
			March 31, 2024												Three months ended March 31, 2024
Cash Flow Hedges
Interest rate swaps			$	16,293		Interest expense									$	5,473
Foreign currency forward contracts			$	260		Revenue									$	34
Net Investment Hedges
Foreign currency forward contracts			$	(92)											$	—

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- References

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- Definition

Tabular disclosure of gain (loss) on derivative and nonderivative instruments designated and qualifying as cash flow hedge recorded in accumulated other comprehensive income (AOCI) and reclassified into earnings.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4C
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C

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- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B

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