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Fair Value Measurements
 9 Months Ended
Sep. 30, 2025
Fair Value Disclosures [Abstract]  
Fair Value Measurements
9. Fair Value Measurements
Fair Value of Financial Instruments
As of September 30, 2025, the following table represents the Company’s assets and liabilities measured at fair value on a recurring basis and the basis for that measurement (in thousands):
 
    
Carrying Value
September 30, 2025
     
Fair Value
Measurement
September 30, 2025
     
Quoted Prices in
Active Markets
for Identical
Asset/Liability
(Level 1)
     
Significant
Other
Observable
Inputs
(Level 2)
     
Significant
Unobservable
Inputs
(Level 3)
  
Assets:
               
Derivative assets
(other current assets)
    $ 79      $ 79        —       $ 79        —   
Liabilities:
               
Derivative liabilities
(other current liabilities)
    $ 693      $ 693        —       $ 693        —   
Derivative liabilities
(other
non-current
liabilities)
    $ 94      $ 94        —       $ 94        —   
As of December 31, 2024, the following table represents the Company’s liabilities measured at fair value on a recurring basis and the basis for that measurement (in thousands):
 
    
Carrying Value
December 31, 2024
     
Fair Value
Measurement
December 31, 2024
     
Quoted Prices in
Active Markets
for Identical
Liability (Level 1)
     
Significant
Other
Observable
Inputs
(Level 2)
     
Significant
Unobservable
Inputs
(Level 3)
  
Liabilities:
               
Derivative liabilities
(other current liabilities)
    $ 1,956      $ 1,956        —       $ 1,956        —   
Items not reflected in the table above include cash equivalents, accounts receivable, other receivables, accounts payable, and other accounts payable, fair value of which approximate carrying values due to the short-term nature of these instruments. The fair value of assets and liabilities whose carrying value approximates fair value is determined using Level 2 inputs. The carrying value of the Company’s outstanding Term Loan and CAPEX Loan approximates its fair value because its interest rate reflects the market rate for the respective periods. The fair value of this debt is categorized within Level 2 of the fair value hierarchy.