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Fair Value Measurements and Derivative Instruments (Tables) | 3 Months Ended
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Mar. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Notional Amounts of Outstanding Derivative Positions | The notional amounts of our outstanding derivative instruments as of March 31, 2025 and December 31, 2024 were as follows:
| March 31, 2025 |  | December 31, 2024
| Notional Amount |  | Notional Amount
| (Dollars in thousands)
Derivative instruments not designated as hedges: |  |  |
Foreign currency derivatives | $ | 14,747 |  |  | $ | 11,918 |
Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location | The pre-tax realized (gains) losses on designated cash flow hedges are recognized in the Statements of Operations when the hedged item impacts earnings and were as follows for the periods ended March 31, 2025 and 2024:
|  |  |  | Amount of Gain Recognized
|  | Location of Realized Gain Recognized in the Condensed Consolidated Statement of Operations |  | Three Months Ended March 31,
|  |  | 2025 |  | 2024
Derivatives designated as cash flow hedges: |  |  |  | (Dollars in thousands)
Foreign currency derivatives |  | Cost of goods sold |  | $ | (57) |  |  | $ | (68) |
Commodity derivative contracts |  | Cost of goods sold |  | — |  |  | (2,462) |
Interest rate swap contracts |  | Interest expense |  | — |  |  | (2,737) |
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 March 31, 2025 and December 31, 2024:
| March 31, 2025 |  | December 31, 2024
| Fair Value |  | Fair Value
| (Dollars in thousands)
Prepaid and other current assets |  |  |
Foreign currency derivatives | 237 |  |  | 296 |
Other accrued liabilities |  |  |
Foreign currency derivatives | (43) |  |  | (248) |
Net asset | $ | 194 |  |  | $ | 48 |
Pretax Gains (Losses) on Derivative Contracts Not Designated as Hedging Instruments Not Recognized in Earnings | Pretax gains and losses on non-designated derivatives recognized in earnings were as follows:
|  |  |  | Amount of (Gain)/Loss Recognized
|  | Location of (Gain)/Loss Recognized in the Condensed Consolidated Statement of Operations |  | Three Months Ended March 31,
|  |  | 2025 |  | 2024
Derivatives not designated as hedges: |  |  |  | (Dollars in thousands)
Foreign currency derivatives |  | Cost of goods sold, other (income) expense, net |  | $ | (236) |  |  | $ | 127 |

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- 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
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