XML 37 R24.htm IDEA: XBRL DOCUMENT v3.25.3
Derivatives
 9 Months Ended
Sep. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivatives Derivatives
The following table sets forth the total net fair value of derivatives:
 September 30, 2025December 31, 2024
Fair Value Measurement UsingTotal BalanceFair Value Measurement UsingTotal Balance
(In thousands)Level 1Level 2Level 3Level 1Level 2Level 3
Foreign currency exchange contracts$— $(71)$— $(71)$— $(249)$— $(249)

We held foreign currency exchange contracts, which resulted in a net pre-tax loss of $0.2 million and net pre-tax gain $0.4 million for the three months ended September 30, 2025 and 2024, respectively. For the nine months ended September 30, 2025 and 2024, we had a net pre-tax loss of $0.8 million and net pre-tax gain of $0.2 million, respectively.

Details of foreign currency exchange contracts held were as follows:
Date HeldCurrencyPosition HeldNotional Value
(in millions)		Forward Rate
Unrealized Gain/(Loss) Recorded at Balance Sheet Date
(in thousands)(1)
Settlement Date
September 30, 2025USD/CNYCNY$40.0 7.1102 $(43)October 30, 2025
September 30, 2025USD/EURUSD$4.0 1.1678 $(28)October 30, 2025
December 31, 2024USD/CNYCNY$28.0 7.2316 $(406)January 10, 2025
December 31, 2024USD/EURUSD$8.0 1.0569 $157 January 10, 2025
(1)Unrealized gains on foreign currency exchange contracts are recorded in prepaid expenses and other current assets. Unrealized losses on foreign currency exchange contracts are recorded in other accrued liabilities.