Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2023

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, 2023
	Asset Derivatives			Liability Derivatives
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Foreign exchange contracts	Prepaid expenses other current assets	$	190	Accrued other liabilities	$	67
	Other non-current assets	$	—	Other non-current liabilities	$	—


Interest rate swaps	Prepaid expenses other current assets	$	536	Accrued other liabilities	$	—
	Other non-current assets	$	595	Other non-current liabilities	$	—

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, 2023 and 2022 (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
	2023		2022			2023		2022
Foreign exchange contracts	$	88	$	(626)	Cost of goods sold	$	897	$	—
					Selling, general and administrative expense	$	89	$	—
Interest rate swaps	$	334	$	767	Interest expense	$	125	$	(38)

The following tables summarize the amount of unrealized and realized gain (loss) recognized in AOCI for the nine months ended September 30, 2023 and 2022 (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
	2023		2022			2023		2022
Foreign exchange contracts	$	2,073	$	(626)	Cost of goods sold	$	1,697	$	—
					Selling, general and administrative expense	$	168	$	—
Interest rate swaps	$	707	$	767	Interest expense	$	341	$	(38)

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