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Derivatives (Tables)
6 Months Ended
Jun. 30, 2025
Foreign Currency [Abstract]  
Schedule of Notional Amounts of Outstanding Forgein Currency Derivatives

The notional amounts of outstanding derivative instruments are as follows:

 

 

 

June 30,

 

 

December 31,

 

Notional Amount

 

2025

 

 

2024

 

Derivative instruments designated as hedges:

 

 

 

 

 

 

Commodity swap derivatives

 

$

2,244

 

 

$

-

 

Foreign currency derivatives

 

$

16,142

 

 

$

8,780

 

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

The fair value of outstanding derivative instruments designated as hedges are as follows:

 

 

 

June 30,

 

 

December 31,

 

Fair Value

 

2025

 

 

2024

 

Other current assets:

 

 

 

 

 

 

Commodity swap derivatives

 

$

69

 

 

$

-

 

Foreign currency derivatives

 

$

1,588

 

 

$

-

 

Other current liabilities:

 

 

 

 

 

 

Foreign currency derivatives

 

$

-

 

 

$

1,396

 

Schedule of Pre-text Realizes Gain on Forgein Currency Derivatives The pre-tax realized (gain) loss on foreign currency derivatives is recognized in the condensed consolidated statements of operations as follows:

 

 

 

 

 

Amount of Gain Recognized

 

 

Amount of Loss/(Gain) Recognized

 

 

 

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

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

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Derivative instruments designated as cash flow hedges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency derivatives

 

Cost of sales

 

$

(104

)

 

$

(290

)

 

$

487

 

 

$

(520

)