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Fair Value of Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2024
Fair Value Disclosures [Abstract]  
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, 2024
Asset DerivativesLiability Derivatives
Balance Sheet LocationFair ValueBalance Sheet LocationFair Value
Foreign exchange contractsPrepaid expenses other current assets$27 Accrued other liabilities$2,079 
Other non-current assets$— Other non-current liabilities$— 
Interest rate swapsPrepaid expenses other current assets$237 Accrued other liabilities$— 
Other non-current assets$— Other non-current liabilities$— 
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, 2024 and 2023 (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
2024202320242023
Foreign exchange contracts$(1,756)$88 Cost of goods sold$(551)$897 
Selling, general and administrative expense$(164)$89 
Interest rate swaps$(427)$334 Interest expense$132 $125 
The following tables summarize the amount of unrealized and realized gain (loss) recognized in AOCI for the nine months ended September 30, 2024 and 2023 (in thousands):
Derivatives in subtopic 815-20 Cash Flow Hedging Relationship:Amount of Unrealized Gain (Loss) Recognized in Accumulated Other Comprehensive Income on Derivative
Location of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income(A)
Amount of Realized Gain (Loss) Reclassified from Accumulated Other Comprehensive Income
2024202320242023
Foreign exchange contracts$(2,972)$2,073 Cost of goods sold$(246)$1,697 
Selling, general and administrative expense$(54)$168 
Interest rate swaps$121 $707 Interest expense$406 $341 
(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.