v3.22.2.2
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)
 9 Months Ended
Sep. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Value of Derivative Instruments
As of September 30, 2022 and December 31, 2021, the fair value of the derivative instruments is presented as follows in the Company's condensed consolidated balance sheets:
Derivative assets (liabilities)September 30, 2022December 31, 2021
Interest rate swap$1,612 $(2,158)
Cross-currency swap12,928 (500)
Derivative assets (liabilities)$14,540 $(2,658)
Schedule of Gains (Losses) on Hedging Instruments
Losses and gains on our hedging instruments are recognized in accumulated other comprehensive income (loss) and categorized as follows for the three and nine months ended September 30, 2022 and 2021:
Location within Statements of Comprehensive IncomeThree Months Ended September 30,Nine Months Ended
September 30,
2022202120222021
Cash flow hedge (interest rate swap), net of taxUnrealized gain/(loss) on cash flow hedge, net$427 $341 $2,850 $1,204 
Net investment hedge (cross-currency swap), net of taxNet foreign currency translation adjustment5,065 1,715 10,151 3,888 
Total$5,492 $2,056 $13,001 $5,092 
Summary Of Key Terms of Forward Exchange Contracts
The following table summarizes the key terms of the four forward exchange contracts:.
Date entered intoDate expired onBalchem to sellBalchem to buy
June 15, 2022June 21, 2022USD294,555 NOK2,924,553 
June 15, 2022June 17, 2022USD6,436 EUR6,180 
June 15, 2022June 21, 2022USD16,640 EUR15,972 
June 15, 2022June 21, 2022EUR15,972 NOK165,210