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FAIR VALUE MEASUREMENTS (Tables) | 12 Months Ended
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Dec. 31, 2024
Fair Value Disclosures [Abstract] |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis | The following tables present the fair values of the Company’s assets and liabilities remeasured at fair value as of December 31, 2024 and December 31, 2023.
|  |  | Fair Value Measurements as of December 31, 2024 Using
| Balance Sheet Classification |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |  | Total
Foreign currency forward contracts: |  | (U.S. Dollars in thousands)
| Other receivables, net |  | $ | — |  |  | $ | 7,553 |  |  | $ | — |  |  | $ | 7,553 |
| Accrued liabilities |  | — |  |  | (2,181) |  |  | — |  |  | (2,181) |
Bunker fuel hedges: | Accrued liabilities |  | — |  |  | (7) |  |  | — |  |  | (7) |
Interest rate swap contracts: |  |  |  |  |  |  |  |  |
| Other receivables, net |  | — |  |  | 278 |  |  | — |  |  | 278 |
| Other assets |  | — |  |  | 24,036 |  |  | — |  |  | 24,036 |
Rabbi Trust investments: |  |  |  |  |  |  |  |  |
| Short-term investments |  | — |  |  | — |  |  | 6,019 |  |  | 6,019 |
| Long-term investments |  | — |  |  | — |  |  | 14,630 |  |  | 14,630 |
Contingent consideration: |  |  |  |  |  |  |  |  |
| Contingent consideration |  | — |  |  | — |  |  | (3,399) |  |  | (3,399) |
| Contingent consideration, less current portion |  | — |  |  | — |  |  | (4,007) |  |  | (4,007) |
Total |  | $ | — |  |  | $ | 29,679 |  |  | $ | 13,243 |  |  | $ | 42,922 |
|  |  | Fair Value Measurements as of December 31, 2023 Using
| Balance Sheet Classification |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |  | Total
Foreign currency forward contracts: |  | (U.S. Dollars in thousands)
| Other receivables, net |  | $ | — |  |  | $ | 1,889 |  |  | $ | — |  |  | $ | 1,889 |
| Accrued liabilities |  | — |  |  | (6,875) |  |  | — |  |  | (6,875) |
Bunker fuel hedges: | Accrued liabilities |  | — |  |  | (129) |  |  | — |  |  | (129) |
Interest rate swap contracts: |  |  |  |  |  |  |  |  |
| Other receivables, net |  | — |  |  | 7,304 |  |  | — |  |  | 7,304 |
| Other assets |  | — |  |  | 29,868 |  |  | — |  |  | 29,868 |
Rabbi Trust investments: |  |  |  |  |  |  |  |  |
| Short-term investments |  | — |  |  | — |  |  | 5,899 |  |  | 5,899 |
| Long-term investments |  | — |  |  | — |  |  | 15,970 |  |  | 15,970 |
Contingent consideration: |  |  |  |  |  |  |  |  |
| Contingent consideration |  | — |  |  | — |  |  | (1,788) |  |  | (1,788) |
| Contingent consideration, less current portion |  | — |  |  | — |  |  | (7,327) |  |  | (7,327) |
Total |  | $ | — |  |  | $ | 32,057 |  |  | $ | 12,754 |  |  | $ | 44,811 |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation | The table below sets forth a summary of changes in the fair value of the Level 3 investments, excluding contingent consideration and pension assets, for the years ended December 31, 2024 and December 31, 2023:
| Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
| (U.S. Dollars in thousands)
Balance as of December 31, 2022 | $ | 21,865 |
Net realized and unrealized losses recognized in earnings | 1,872 |
Plan contributions | 1,153 |
Plan distributions | (3,021) |
Balance as of December 31, 2023 | 21,869 |
Net realized gains and unrealized losses recognized in earnings* | 1,219 |
Plan contributions | 262 |
Plan distributions | (2,701) |
Balance as of December 31, 2024 | $ | 20,649 |
* Net amount comprised realized gains of $1.3 million and unrealized losses of $0.1 million recorded in other income, net, in the consolidated statements of operations.
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation | The table below sets forth a summary of changes in the fair value of the Level 3 contingent consideration for the years ended December 31, 2024 and December 31, 2023:
| Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
| (U.S. Dollars in thousands)
Balance as of December 31, 2022 | $ | (6,813) |
Additions | (3,854) |
Payments | 1,662 |
Remeasurement gain | 91 |
Foreign exchange impact | (201) |
Balance as of December 31, 2023 | (9,115) |
Additions | (497) |
Payments | 1,567 |
Remeasurement gain | 152 |
Foreign exchange impact | 487 |
Balance as of December 31, 2024 | $ | (7,406) |
Fair Value, Liabilities Measured on Recurring Basis | The carrying value, net of debt issuance costs, and gross estimated fair value of these term loans based on Level 2 inputs in the fair value hierarchy are summarized below:
| December 31, 2024 |  | December 31, 2023
| (U.S. Dollars in thousands)
Carrying value, net of unamortized debt issuance costs | $ | 694,362 |  |  | $ | 796,857 |
Unamortized debt issuance costs | 9,338 |  |  | 14,118 |
Gross carrying value | $ | 703,700 |  |  | $ | 810,975 |
Estimated fair value | $ | 702,820 |  |  | $ | 809,961 |

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- Definition Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 101 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-101 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-3 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- Definition Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class 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). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -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 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -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 + Details
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- Definition Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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