Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Location and Fair Values of Derivative Instruments

The location and fair values of derivative instruments designated as hedging instruments in the Condensed Consolidated Balance Sheets as of June 30, 2025, are shown in the following table:


		As of
		June 30,				December 31,
		2025				2024
Interest rate swaps reported in Other current assets		$	661			$	792
Interest rate swaps reported in Other assets			165				711
Cross-currency swap reported in Other current assets			-				324
Cross-currency swap reported in Accrued expenses and other liabilities			(1,092	)			-
Foreign currency hedges reported in Other current assets			2,201				-
Foreign currency hedges reported in Accrued expenses and other liabilities			-				(2,992	)

Schedule of Effect of Derivative Instruments on Consolidated Statements of Earnings

The effect of derivative instruments on the Condensed Consolidated Statements of Earnings is as follows:


		Three Months Ended								Six Months Ended
		June 30,				June 30,				June 30,				June 30,
		2025				2024				2025				2024
Foreign Exchange Contracts:
Amounts reclassified from AOCI to earnings:
Net sales		$	(232	)		$	70			$	(272	)		$	96
Cost of goods sold			(315	)			384				(946	)			1,141
Total net gain (loss) reclassified from AOCI to earnings			(547	)			454				(1,218	)			1,237
Total derivative gain (loss) on foreign exchange contracts recognized in earnings		$	(547	)		$	454			$	(1,218	)		$	1,237
Interest Rate Swaps:
Income recorded in Interest expense		$	236			$	371			$	471			$	776
Cross-Currency Swap:
Income recorded in Interest expense		$	6			$	95			$	78			$	189
Total net (loss) gain on derivatives		$	(305	)		$	920			$	(669	)		$	2,202