Assets and liabilities measured and recorded at fair value on a recurring basis as of March 31, 2026 and December 31, 2025 consisted of the following:


Dollars in thousands	Fair Value Measurement	March 31, 2026		December 31, 2025
Assets:
Cash and cash equivalents	Level 1	$	236,809	$	235,048
Short-term investments	Level 1	28,693		28,693
Interest rate swaps	Level 2	29,126		27,246

Foreign currency forward contracts	Level 2	—		29
Foreign currency forward contracts (not designated as hedges)	Level 2	1,291		1,015
Total Assets:		$	295,919	$	292,031

Liabilities:
Cross currency rate swaps	Level 2	$	55,050	$	59,667
Net investment hedges	Level 2	78,067		82,199
Foreign currency forward contracts	Level 2	614		—
Contingent consideration	Level 3	24,756		26,049

Total Liabilities:		$	158,487	$	167,915