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Fair Value Measurements And Derivative Instruments (Tables) | 12 Months Ended
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Dec. 31, 2024
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, 2024 | Total |  | Level 1 |  | Level 2 |  | Level 3
Assets: | (Dollars in thousands)
Foreign currency derivatives | $ | 296 |  |  | $ | — |  |  | $ | 296 |  |  | $ | — |
Total assets at fair value | $ | 296 |  |  | $ | — |  |  | $ | 296 |  |  | $ | — |
Liabilities: |  |  |  |  |  |  |
Foreign currency derivatives | $ | 248 |  |  | $ | — |  |  | $ | 248 |  |  | $ | — |
Total liabilities at fair value | $ | 248 |  |  | $ | — |  |  | $ | 248 |  |  | $ | — |
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 |  |  | $ | — |
Schedule of Notional Amounts of Outstanding Derivative Positions | The notional amounts of our outstanding derivative instruments as of December 31, 2024 and 2023 were as follows:
| December 31, 2024 |  | December 31, 2023
| Notional Amount |  | Notional Amount
| (Dollars in thousands)
Derivative instruments designated as hedges: |  |  |
Foreign currency derivatives | $ | — |  |  | $ | 10,684 |
Derivative instruments not designated as hedges: |  |  |
Foreign currency derivatives | $ | 11,918 |  |  | $ | 41,863 |
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, 2024 and 2023:
| December 31, 2024 |  | December 31, 2023
| Fair Value |  | Fair Value
| (Dollars in thousands)
Prepaid and other current assets |  |  |
Foreign currency derivatives | $ | — |  |  | $ | 386 |
Total | $ | — |  |  | $ | 386 |
Total asset | $ | — |  |  | $ | 386 |
Schedule Of Realized (Gains) Losses On Derivatives Recognized In Statement Of Operations | The realized losses (gains) 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, 2024, 2023 and 2022:
|  |  |  | Amount of Loss/(Gain) Recognized
|  | Location of Realized Loss/(Gain) Recognized in the Consolidated Statement of Operations |  | 2024 |  | 2023 |  | 2022
Derivatives designated as cash flow hedges: |  | (Dollars in thousands)
Foreign currency derivatives |  | Cost of goods sold |  | $ | 121 |  |  | $ | 5,541 |  |  | $ | 1,975 |
Commodity derivative contracts |  | Cost of goods sold |  | (2,462) |  |  | (15,089) |  |  | (11,452) |
Interest rate swaps |  | Interest expense |  | (7,384) |  |  | (10,617) |  |  | (2,423) |
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 Loss/(Gain) Recognized
|  | Location of Realized Loss/(Gain) Recognized in the Consolidated Statement of Operations |  | 2024 |  | 2023 |  | 2022
Derivatives not designated as hedges: |  | (Dollars in thousands)
Foreign currency derivatives |  | Cost of goods sold, other expense (income), net |  | $ | 492 |  |  | $ | (314) |  |  | $ | (938) |
Interest rate swaps |  | Interest expense |  | — |  |  | (2,957) |  |  | (11,716) |
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, 2024 and 2023:
| December 31, 2024 |  | December 31, 2023
| Fair Value |  | Fair Value
| (Dollars in thousands)
Prepaid and other current assets |  |  |
Foreign currency derivatives | $ | 296 |  |  | $ | 244 |
Other accrued liabilities |  |  |
Foreign currency derivatives | (248) |  |  | (519) |
Net asset (liability) | $ | 48 |  |  | $ | (275) |

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