v3.26.1
Fair Value Disclosure
 3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Fair Value Disclosure Fair Value Disclosure
The following table presents the Company’s assets and liabilities accounted for at fair value on a recurring basis:
DescriptionBalance Sheet LocationMARCH 31
2026		 DECEMBER 31
2025		MARCH 31
2025
Assets:
Interest rate swap agreements
CurrentPrepaid expenses and other current assets$974 $831 $979 
Long-termOther non-current assets1,158 1,199 2,150 
Foreign currency exchange contracts
CurrentPrepaid expenses and other current assets— — 133 
$2,132 $2,030 $3,262 
Liabilities:
Foreign currency exchange contracts
CurrentOther current liabilities— 126 41 
$— $126 $41 

The Company measures its derivatives at fair value using significant observable inputs, which is Level 2 as defined in the fair value hierarchy. The Company uses a present value technique that incorporates the Secured Overnight Financing Rate (SOFR) swap curve, foreign currency spot rates and foreign currency forward rates to value its derivatives, including its interest rate swap agreements and foreign currency exchange contracts. The Company also incorporates the effect of HBB and counterparty credit risk into the valuation.

Other Fair Value Measurement Disclosures

The carrying amounts of cash and cash equivalents, trade receivables and accounts payable approximate fair value due to the short-term maturities of these instruments.

The $125.0 million fair value of the HBB Facility, including book overdrafts, which approximate book value, was determined using current rates offered for similar obligations taking into account the Company’s credit risk, which is Level 2 as defined in the fair value hierarchy.

The Company does not hold any Level 3 assets or liabilities and there were no transfers into or out of Levels 1, 2 or 3 during the three months ended March 31, 2026.