Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2022

Schedule of Derivative Assets at Fair Value

The following table detail amounts related to our derivatives designated as hedging instruments (in thousands):


	Fair Value of Derivative Instruments September 30, 2022
	Asset Derivatives			Liability Derivatives
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Foreign exchange contracts	Prepaid expenses other current assets	$	—	Accrued other liabilities	$	542
	Other non-current assets	$	—	Other non-current liabilities	$	84
Notional Contract values		$	—		$	19,560

Interest rate swaps	Prepaid expenses other current assets	$	40	Accrued other liabilities	$	—
	Other non-current assets	$	765	Other non-current liabilities	$	—
Notional Contract values		$	24,792		$	—

Schedule of unrealized and realized gain (loss) recognized in Accumulated Other Comprehensive Income (Loss)

The following tables summarize the amount of unrealized and realized gain (loss) recognized in Accumulated Other Comprehensive Income ("AOCI") for the three months ended September 30, 2022 and 2021 (in thousands):


Derivatives in subtopic 815-20 Cash Flow Hedging Relationship:	Amount of Unrealized Gain (Loss) Recognized in Accumulated Other Comprehensive Income on Derivative				Location of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income(A)	Amount of Realized Gain (Loss) Reclassified from Accumulated Other Comprehensive Income
	2022		2021			2022		2021
Foreign exchange contracts	$	(626)	$	—	Cost of goods sold	$	—	$	—
					Selling, general and administrative expense	$	—	$	—
Interest rate swaps	$	767	$	—	Interest expense	$	(38)	$	—

The following tables summarize the amount of unrealized and realized gain (loss) recognized in Accumulated Other Comprehensive Income ("AOCI") for the nine months ended September 30, 2022 and 2021 (in thousands):


Derivatives in subtopic 815-20 Cash Flow Hedging Relationship:	Amount of Unrealized Gain (Loss) Recognized in Accumulated Other Comprehensive Income on Derivative				Location of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income(A)	Amount of Realized Gain (Loss) Reclassified from Accumulated Other Comprehensive Income
	2022		2021			2022		2021
Foreign exchange contracts	$	(626)	$	—	Cost of goods sold	$	—	$	—
					Selling, general and administrative expense	$	—	$	—
Interest rate swaps	$	767	$	—	Interest expense	$	(38)	$	—

(A) The foreign currency derivative activity reclassified from Accumulated Other Comprehensive Income is allocated to cost of goods sold and selling, general and administrative expense based on the percentage of foreign currency spend.