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Derivatives (Tables)
3 Months Ended
Mar. 31, 2024
Foreign Currency [Abstract]  
Schedule of Notional Amounts of Outstanding Forgein Currency Derivatives

The notional amounts of outstanding foreign currency derivatives are as follows:

 

 

 

March 31,

 

 

December 31,

 

Notional Amount

 

2024

 

 

2023

 

Derivative instruments designated as hedges:

 

 

 

 

 

 

Foreign currency derivatives

 

$

10,815

 

 

$

11,562

 

Schedule of Fair Value of Outstanding Forgein Currency Derivatives Designated as Hedges

The fair value of outstanding foreign currency derivatives designated as hedges are as follows:

 

 

 

March 31,

 

 

December 31,

 

Fair Value

 

2024

 

 

2023

 

Prepaid expenses:

 

 

 

 

 

 

Foreign currency derivatives

 

$

813

 

 

$

606

 

Schedule of Pre-text Realizes Gain on Forgein Currency Derivatives

The pre-tax realized gain on foreign currency derivatives is recognized in the condensed consolidated statements of operations as follows:

 

 

 

 

 

Amount of (Gain) Recognized

 

 

 

 

 

Three Months Ended
March 31,

 

 

 

Location of Realized (Gain) Recognized in the Condensed Consolidated Statements of Operations

 

2024

 

 

2023

 

Derivative instruments designated as cash flow hedges:

 

 

 

 

 

 

 

 

Foreign currency derivatives

 

Cost of sales

 

$

(231

)

 

$

(3

)