XML 47 R40.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Derivative Financial Instruments (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Location and Fair Values of Derivative Instruments | The location and fair values of derivative instruments designated as hedging instruments in the Condensed Consolidated Balance Sheets as of March 31, 2024, are shown in the following table:
|  | As of |
|  | March 31, |  |  | December 31, |
|  | 2024 |  |  | 2023 |
Interest rate swaps reported in Other current assets |  | $ | 1,193 |  |  | $ | 1,121 |
Interest rate swaps reported in Other assets |  | $ | 1,128 |  |  | $ | 706 |
Cross-currency swap reported in Accrued expenses and other liabilities |  | $ | (289 | ) |  | $ | (747 | )
Foreign currency hedges reported in Other current assets |  | $ | 1,831 |  |  | $ | 1,087 |
Schedule of Effect of Derivative Instruments on Consolidated Statements of Earnings | The effect of derivative instruments on the Condensed Consolidated Statements of Earnings is as follows:
|  | Three Months Ended |
|  | March 31, |  |  | March 31, |
|  | 2024 |  |  | 2023 |
Foreign Exchange Contracts: |  |  |  |  |  |
Amounts reclassified from AOCI to earnings: |  |  |  |  |  |
Net sales |  | $ | 26 |  |  | $ | (34 | )
Cost of goods sold |  |  | 758 |  |  |  | 255 |
Total net gain reclassified from AOCI to earnings |  |  | 784 |  |  |  | 221 |
Total derivative gain on foreign exchange contracts recognized in earnings |  | $ | 784 |  |  | $ | 221 |
Interest Rate Swaps: |  |  |  |  |  |
Income recorded in Interest expense |  | $ | 405 |  |  | $ | 377 |
Cross-Currency Swap: |  |  |  |  |  |
Income recorded in Interest expense |  | $ | 94 |  |  | $ | 158 |
Total net gains on derivatives |  | $ | 1,283 |  |  | $ | 756 |

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 -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4E Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4A + 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 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 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration