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Fair Value Measurements And Derivative Instruments (Tables)
 12 Months Ended
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, 2024TotalLevel 1Level 2Level 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, 2023TotalLevel 1Level 2Level 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 $— 
Schedule of Notional Amounts of Outstanding Derivative Positions
The notional amounts of our outstanding derivative instruments as of December 31, 2024 and 2023 were as follows:
December 31, 2024December 31, 2023
 Notional AmountNotional Amount
(Dollars in thousands)
Derivative instruments designated as hedges:
Foreign currency derivatives$— $10,684 
Derivative instruments not designated as hedges:
Foreign currency derivatives$11,918 $41,863 
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The following table summarizes the fair value of our outstanding derivatives designated as hedges (on a gross basis) and balance sheet classification as of December 31, 2024 and 2023:
December 31, 2024December 31, 2023
    Fair Value   Fair Value
(Dollars in thousands)
Prepaid and other current assets
Foreign currency derivatives$— $386 
Total$— $386 
Total asset$— $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 Operations202420232022
Derivatives designated as cash flow hedges:(Dollars in thousands)
Foreign currency derivativesCost of goods sold$121 $5,541 $1,975 
Commodity derivative contractsCost of goods sold(2,462)(15,089)(11,452)
Interest rate swapsInterest 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 Operations202420232022
Derivatives not designated as hedges:(Dollars in thousands)
Foreign currency derivativesCost of goods sold, other expense (income), net$492 $(314)$(938)
Interest rate swapsInterest 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, 2024December 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)