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FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
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 contributions1,153 
Plan distributions
(3,021)
Balance as of December 31, 2023
21,869 
Net realized gains and unrealized losses recognized in earnings*
1,219 
Plan contributions262 
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)
Payments1,662 
Remeasurement gain91 
Foreign exchange impact
(201)
Balance as of December 31, 2023
(9,115)
Additions(497)
Payments1,567 
Remeasurement gain152 
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, 2024December 31, 2023
(U.S. Dollars in thousands)
Carrying value, net of unamortized debt issuance costs$694,362 $796,857 
Unamortized debt issuance costs9,338 14,118 
Gross carrying value$703,700 $810,975 
Estimated fair value
$702,820 $809,961