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Fair Value of Financial Assets and Liabilities (Tables)

9 Months Ended

Sep. 30, 2024

Fair Value Disclosures [Abstract]

Summary of Assets and Liabilities Recorded and Measured at Fair Value

The following table summarizes the Company’s assets and liabilities, recorded and measured at fair value, in the Consolidated Balance Sheets as of September 30, 2024 and December 31, 2023:

Description						Balance as of September 30, 2024						Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1)						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)
Assets:
Foreign currency forward contracts						$	95					$	—					$	95					$	—
Total assets						$	95					$	—					$	95					$	—
Liabilities:
Foreign currency forward contracts						$	4					$	—					$	4					$	—
Supplemental profit sharing plan						9,087						—						9,087						—
Total liabilities						$	9,091					$	—					$	9,091					$	—

Description						Balance as of December 31, 2023						Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1)						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)
Assets:
Foreign currency forward contracts						$	158					$	—					$	158					$	—
Total assets						$	158					$	—					$	158					$	—
Liabilities:
Foreign currency forward contracts						$	—					$	—					$	—					$	—
Supplemental profit sharing plan						8,222						—						8,222						—
Total liabilities						$	8,222					$	—					$	8,222					$	—

Fair Value and Carrying Value of Long-Term Debt

Based on the analysis performed, the fair value and the carrying value of the Company’s long-term debt are as follows:

			September 30, 2024												December 31, 2023
			Fair Value						Carrying Value						Fair Value						Carrying Value
Long-term debt and related current maturities			$	23,984					$	27,200					$	51,786					$	55,282

X

- Definition

Tabular disclosure of financial instrument measured at fair value on recurring or nonrecurring basis. Includes, but is not limited to, instrument classified in shareholders' equity.

+ 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

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-3

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- References

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X

- Definition

Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements.

+ References

No definition available.

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