Assets and liabilities measured and recorded at fair value on a recurring basis as of June 30, 2025 and March 31, 2024 consisted of the following:


Dollars in thousands	Fair Value Measurement	June 30, 2025		December 31, 2024
Assets:
Cash and cash equivalents	Level 1	$	217,914	$	246,375
Short-term investments	Level 1	35,694		27,192
Interest rate swaps	Level 2	35,051		48,795

Foreign currency forward contracts	Level 2	1,181		—
Foreign currency forward contracts (not designated as hedges)	Level 2	701		1,700
Total Assets:		$	290,541	$	324,062

Liabilities:
Cross currency rate swaps	Level 2	$	60,936	$	4,367
Net investment hedges	Level 2	96,154		31,113
Foreign currency forward contracts	Level 2	—		914
Contingent consideration	Level 3	46,379		69,657

Total Liabilities:		$	203,469	$	106,051