XML 40 R31.htm IDEA: XBRL DOCUMENT
v3.23.2

DERIVATIVES (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Fair Values of Derivative Financial Instruments Included in Unaudited Condensed Consolidated Balance Sheets | The fair values of the Company’s derivative financial instruments included in the condensed consolidated balance sheets are presented as follows (in thousands):
Derivatives designated as hedging instruments | Balance Sheet Location |  | June 30, 2023 |  | December 31, 2022
Interest rate swaps | Prepaid expenses and other current assets |  | $ | — |  |  | $ | 122 |
Foreign exchange contracts | Accrued expenses |  | 419 |  |  | 260 |
Derivatives not designated as hedging instruments | Balance Sheet Location |  | June 30, 2023 |  | December 31, 2022
Interest rate swaps | Other assets |  | $ | 1,255 |  |  | $ | 1,292 |
Gains and Losses Related to Derivative Financial Instruments Designated as Hedging Instruments | The amounts of gains and losses, realized and unrealized, related to the Company’s derivative financial instruments designated as hedging instruments are recognized in other comprehensive income (loss), net of taxes, as follows (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
Derivatives designated as hedging instruments | 2023 |  | 2022 |  | 2023 |  | 2022
Interest rate swaps | $ | — |  |  | $ | 200 |  |  | $ | (120) |  |  | $ | 483 |
Foreign exchange contracts | (300) |  |  | 750 |  |  | (1,333) |  |  | 1,075 |
| $ | (300) |  |  | $ | 950 |  |  | $ | (1,453) |  |  | $ | 1,558 |
Derivatives Not Designated as Hedging Instruments | Interest and mark to market (losses) gains related to the Company’s derivative financial instruments not designated as hedging instruments that were recognized in earnings are as follows (in thousands):
|  |  | Three Months Ended June 30, |  | Six Months Ended June 30,
Derivatives not designated as hedging instruments | Location of gain (loss) |  | 2023 |  | 2022 |  | 2023 |  | 2022
Interest rate swaps | Mark to market gain (loss) on interest rate derivatives |  | $ | 197 |  |  | $ | 304 |  |  | $ | (37) |  |  | $ | 1,353 |
| Interest expense |  | 196 |  |  | (72) |  |  | 361 |  |  | (183) |
|  |  | $ | 393 |  |  | $ | 232 |  |  | $ | 324 |  |  | $ | 1,170 |

X
- References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4E Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4A + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4B + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of derivative instrument not designated or qualifying as hedging instrument. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 4CC -SubTopic 10 -Topic 815 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4CC + Details
Name: | us-gaap_ScheduleOfOtherDerivativesNotDesignatedAsHedgingInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration