v3.22.4
Hedging Activities and Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Value of Foreign Currency Hedges

The fair value of our interest rate swap and foreign currency non-delivery forward hedges is classified in the accompanying consolidated balance sheets, as of December 31, 2022, as follows:

 

Schedule of Fair Value of Foreign Currency Hedges

   Derivative Assets    Derivative Liabilities
   December 31, 2022    December 31, 2022
Derivatives designated as hedging instruments under Subtopic 815-20:  Balance Sheet Location  Fair
Value		     Balance Sheet Location  Fair Value 
                 
Derivative instruments:                  
Interest Rate Swap Contracts and foreign currency non-delivery forwards  Other current assets  $9,340     Accrued liabilities  $(-)
Total derivative instruments  Total derivative assets  $9,340     Total derivative liabilities  $(-)
Schedule of Gains (Losses) on Derivative Financial Instruments quarter ended

The following table presents the gains (losses) on derivative financial instruments, and their classifications within the accompanying consolidated financial statements, for the quarter ended December 31, 2022:

 

Schedule of Gains (Losses) on Derivative Financial Instruments quarter ended

   Derivatives in Cash Flow Hedging Relationships 
   Amount of Gain or (Loss)  

Location of Gain or (Loss)

Reclassified from

Accumulated

 

Amount of Gain or (Loss)

Reclassified from

 
   Recognized in OCI (Loss) on   OCI (Loss) into  Accumulated 
   Derivatives   Income  OCI (Loss) into Income 
   Three Months Ended      Three Months Ended 
   December 31,   December 31,      December 31,   December 31, 
   2022   2021      2022   2021 
                        
Interest Rate Swap and foreign currency non-delivery forwards Contracts  $143   $          -   Interest Expense  $          -   $- 

 

The following table presents the gains (losses) on derivative financial instruments, and their classifications within the accompanying consolidated financial statements, for the twelve months ended December 31, 2022:

 

   Derivatives in Cash Flow Hedging Relationships 
   Amount of Gain or (Loss)  

Location of Gain or (Loss)

Reclassified from

Accumulated

 

Amount of Gain or (Loss)

Reclassified from

 
   Recognized in OCI (Loss) on   OCI (Loss) into  Accumulated 
   Derivatives   Income  OCI (Loss) into Income 
   Twelve Months Ended      Twelve Months Ended 
   December 31,   December 31,      December 31,   December 31, 
   2022   2021      2022   2021 
                        
Interest Rate Swap and foreign currency non-delivery forwards and collar contracts  $9,340   $-   Interest Expense  $          -   $185 
Summary of Fair Value and Carrying Amounts of Long Term Debt

The following table summarizes the fair value and carrying amounts of our long-term debt:

 

Summary of Fair Value and Carrying Amounts of Long Term Debt

 

December 31,

2022

  

December 31,

2021

 
Fair Value   172,408    194,285 
Carrying Value   168,980    188,355