XML 41 R29.htm IDEA: XBRL DOCUMENT
v3.22.4

Hedging Transactions and Derivative Financial Instruments (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Notional Values of Outstanding Derivatives and Volume of Copper Derivatives | As of December 31, 2022 the notional values of these foreign currency forward contracts were as follows:
Notional Values of Foreign Currency Derivatives
USD/CNH | $ | 13,598,684 |
KRW/USD | ₩ | 7,596,600,000 |
EUR/USD | € | 3,756,866 |
As of December 31, 2022, the volume of our copper contracts outstanding were as follows:
Volume of Copper Derivatives
January 2023 - March 2023 | 69 metric tons per month
April 2023 - June 2023 | 69 metric tons per month
July 2023 - September 2023 | 69 metric tons per month
October 2023 - December 2023 | 69 metric tons per month
Schedule of Gain (loss) on Derivative Instruments | The following table presents the impact from these instruments on the statement of operations and statements of comprehensive income:
|  | Years Ended December 31,
(Dollars in thousands) | Financial Statement Line Item | 2022 |  | 2021 |  | 2020
Foreign Currency Contracts |  |  |  |  |  |
Contracts not designated as hedging instruments | Other income (expense), net | $ | (251) |  |  | $ | (2,890) |  |  | $ | (1,981) |
Copper Derivatives Contracts |  |  |  |  |  |
Contracts not designated as hedging instruments | Other income (expense), net | $ | 848 |  |  | $ | 3,914 |  |  | $ | 3,610 |
Interest Rate Swap Contract |  |  |  |  |  |
Contract designated as hedging instrument | Other comprehensive income (loss) | $ | — |  |  | $ | — |  |  | $ | 1,254 |

X
- References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4E -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624181-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5618551-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the notional amounts of outstanding derivative positions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5579245-113959 + Details
Name: | us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration