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Hedging Activities (Tables) | 9 Months Ended
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Sep. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Notional Amounts of Outstanding Derivative Positions | As of September 30, 2023, the Company had open foreign exchange forward contracts with a notional U.S. dollar value of the following:
Currency |  | September 30, 2023
Mexican Peso |  | $ | 41,900 |
Japanese Yen |  | 4,500 |
|  | $ | 46,400 |
Schedule of Balance Sheet Classification and Fair Values of Derivative Instruments | The balance sheet classification and fair values of the Company’s derivative instruments, which are Level 2 measurements, are as follows:
|  |  | Fair Value
| Condensed Consolidated Balance Sheet Location |  | September 30, 2023 |  | December 31, 2022
Derivatives designated as cash flow hedges: |  |  |  |  |
Interest rate swaps | Other non-current Assets |  | $ | 7,538 |  |  | $ | — |
Foreign currency forward contracts | Other current liabilities |  | (564) |  |  | $ | — |
|  |  | $ | 6,974 |  |  | $ | — |
The following table presents the net unrealized (gain) loss deferred to AOCI:
|  | September 30, 2023 |  | December 31, 2022
Derivatives designated as cash flow hedges: |  |  |  |
Interest rate swaps | AOCI | $ | 5,804 |  |  | $ | — |
The following table presents the net gain (loss) reclassified from AOCI to earnings:
| Location and Amount of Gain (Loss) Recognized in Statements of Operations
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  | 2023 |  | 2022 |  | 2023 |  | 2022
Interest rate swaps | Interest expense, net | $ | 1,198 |  |  | $ | 134 |  |  | $ | 2,259 |  |  | $ | (882) |
Foreign exchange forward contracts | Other (expense) income, net | (29) |  |  | — |  |  | 2,107 |  |  | — |
|  | $ | 1,169 |  |  | $ | 134 |  |  | $ | 4,366 |  |  | $ | (882) |

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- Definition Tabular disclosure for cash flow hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the 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 4C -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C + Details
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