XML 97 R36.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Fair Value Measurements And Derivative Instruments (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Fair Value Disclosures [Abstract] |
Fair Value Measurements, Recurring and Nonrecurring | The following tables present the classification of our assets and liabilities measured at fair value on a recurring basis:
December 31, 2023 | Total |  | Level 1 |  | Level 2 |  | Level 3
Assets: | (Dollars in thousands)
Foreign currency derivatives | $ | 630 |  |  | $ | — |  |  | $ | 630 |  |  | $ | — |
Total assets at fair value | $ | 630 |  |  | $ | — |  |  | $ | 630 |  |  | $ | — |
Liabilities: |  |  |  |  |  |  |
Foreign currency derivatives | $ | 519 |  |  | $ | — |  |  | $ | 519 |  |  | $ | — |
Total liabilities at fair value | $ | 519 |  |  | $ | — |  |  | $ | 519 |  |  | $ | — |
December 31, 2022 | Total |  | Level 1 |  | Level 2 |  | Level 3
Assets: | (Dollars in thousands)
Foreign currency derivatives | $ | 92 |  |  | $ | — |  |  | $ | 92 |  |  | $ | — |
Interest rate swap contracts | 27,384 |  |  | — |  |  | 27,384 |  |  | — |
Total assets at fair value | $ | 27,476 |  |  | $ | — |  |  | $ | 27,476 |  |  | $ | — |
Liabilities: |  |  |  |  |  |  |
Foreign currency derivatives | $ | 282 |  |  | $ | — |  |  | $ | 282 |  |  | $ | — |
Total liabilities at fair value | $ | 282 |  |  | $ | — |  |  | $ | 282 |  |  | $ | — |
Schedule of Notional Amounts of Outstanding Derivative Positions | The notional amounts of our outstanding derivative instruments as of December 31, 2023 and 2022 were as follows:
| December 31, 2023 |  | December 31, 2022
| Notional Amount |  | Notional Amount
| (Dollars in thousands)
Derivative instruments designated as hedges: |  |  |
Foreign currency derivatives | $ | 10,684 |  |  | $ | — |
Interest rate swap contracts | — |  |  | 250,000 |
Derivative instruments not designated as hedges: |  |  |
Foreign currency derivatives | $ | 41,863 |  |  | $ | 70,420 |
Interest rate swap contracts | — |  |  | 183,000 |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value | The following table summarizes the fair value of our outstanding derivatives designated as hedges (on a gross basis) and balance sheet classification as of December 31, 2023 and 2022:
| December 31, 2023 |  | December 31, 2022
| Fair Value |  | Fair Value
| (Dollars in thousands)
Prepaid and other current assets |  |  |
Foreign currency derivatives | $ | 386 |  |  | $ | — |
Interest rate swap contracts | — |  |  | 10,246 |
Total | $ | 386 |  |  | $ | 10,246 |
Other assets |  |  |
Interest rate swap contracts | $ | — |  |  | $ | 5,575 |
Total | $ | — |  |  | $ | 5,575 |
Total asset | $ | 386 |  |  | $ | 15,821 |
Schedule Of Realized (Gains) Losses On Derivatives Recognized In Statement Of Operations | The realized (gains) losses on cash flow hedges are recognized in the Statements of Operations when the hedged item impacts earnings and are as follows for the years ended December 31, 2023, 2022 and 2021:
|  |  |  | Amount of (Gain)/Loss Recognized
|  | Location of Realized (Gain)/Loss Recognized in the Consolidated Statement of Operations |  | 2023 |  | 2022 |  | 2021
Derivatives designated as cash flow hedges: |  | (Dollars in thousands)
Foreign currency derivatives |  | Cost of goods sold |  | $ | 5,541 |  |  | $ | 1,975 |  |  | $ | — |
Commodity derivative contracts |  | Cost of goods sold |  | (15,089) |  |  | (11,452) |  |  | 6,440 |
Interest rate swaps |  | Interest expense |  | (10,617) |  |  | (2,423) |  |  | 1,846 |
Pretax gains and losses on derivative contracts not designated as hedging instruments not recognized in earnings | Pre-tax gains and losses on non-designated derivatives recognized in earnings are as follows:
|  |  |  | Amount of (Gain)/Loss Recognized
|  | Location of Realized (Gain)/Loss Recognized in the Consolidated Statement of Operations |  | 2023 |  | 2022 |  | 2021
Derivatives not designated as hedges: |  | (Dollars in thousands)
Foreign currency derivatives |  | Cost of goods sold, other expense (income), net |  | $ | (314) |  |  | $ | (938) |  |  | $ | 3,895 |
Commodity derivative contracts |  | Cost of goods sold |  | — |  |  | — |  |  | (1,399) |
Interest rate swaps |  | Interest expense |  | (2,957) |  |  | (11,716) |  |  | 866 |
Derivatives Not Designated as Hedging Instruments | The following table summarizes the fair value of our outstanding derivatives not designated as hedges (on a gross basis) and balance sheet classification as of December 31, 2023 and 2022:
| December 31, 2023 |  | December 31, 2022
| Fair Value |  | Fair Value
| (Dollars in thousands)
Prepaid and other current assets |  |  |
Interest rate swap contracts | $ | — |  |  | $ | 7,492 |
Foreign currency derivatives | 244 |  |  | 92 |
Other assets |  |  |
Interest rate swap contracts | — |  |  | 4,071 |
Other accrued liabilities |  |  |
Foreign currency derivatives | (519) |  |  | (282) |
Net (liability) asset | $ | (275) |  |  | $ | 11,373 |

X
- Definition Pretax gains and losses on derivative contracts not designated as hedging instruments not recognized in earnings + References No definition available. + Details
Name: | gti_PretaxGainsAndLossesOnDerivativeContractsNotDesignatedAsHedgingInstrumentsNotRecognizedInEarningsTableTextBlock
Namespace Prefix: | gti_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2C -SubTopic 10 -Topic 820 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2C Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-3 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -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 + Details
Name: | us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
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

X
- Definition Tabular disclosure of derivative instruments (including nonderivative instruments that are designated and qualify as hedging instruments) of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the 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 4A -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4A + Details
Name: | us-gaap_ScheduleOfDerivativesInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
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 -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-1A + Details
Name: | us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of derivative instrument not designated or qualifying as hedging instrument. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 4CC -SubTopic 10 -Topic 815 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4CC + Details
Name: | us-gaap_ScheduleOfOtherDerivativesNotDesignatedAsHedgingInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration