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DERIVATIVES (Tables)

9 Months Ended

Sep. 30, 2024

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						September 30, 2024						December 31, 2023
Foreign exchange contracts			Prepaid expenses and other current assets						$	—					$	56
			Accrued expenses						167						144

Derivatives not designated as hedging instruments			Balance Sheet Location						September 30, 2024						December 31, 2023
Interest rate swaps			Prepaid expenses and other current assets						$	268					$	—
			Other assets						—						793
			Other long-term liabilities						659						—

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 September 30,												Nine Months Ended September 30,
Derivatives designated as hedging instruments			2024						2023						2024						2023
Interest rate swaps			$	—					$	—					$	—					$	(120)
Foreign exchange contracts			(203)						435						20						(898)
			$	(203)					$	435					$	20					$	(1,018)

Derivatives Not Designated as Hedging Instruments

Interest and mark to market losses 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 September 30,												Nine Months Ended September 30,
Derivatives not designated as hedging instruments			Location of gain (loss)						2024						2023						2024						2023
Interest rate swaps			Mark to market loss on interest rate derivatives						$	(928)					$	(98)					$	(1,184)					$	(135)
			Interest expense						298						218						828						579
									$	(630)					$	120					$	(356)					$	444

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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

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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.

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-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
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Tabular disclosure of derivative instrument not designated or qualifying as hedging instrument.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-Subparagraph (e)
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