Fair Value Measurements and Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 2026

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Notional Amounts of Outstanding Derivative Positions

The notional amounts of our outstanding derivative instruments as of June 30, 2026 and December 31, 2025 were as follows:


	June 30, 2026		December 31, 2025
(Dollars in thousands)	Notional Amount		Notional Amount
Derivative instruments designated as hedges:
Foreign currency derivatives	$	21,697	$	—

Derivative instruments not designated as hedges:
Foreign currency derivatives	$	30,668	$	35,498

Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location

The pre-tax realized gains on designated cash flow hedges are recognized in the Statements of Operations when the hedged item impacts earnings and were as follows for the periods ended June 30, 2026 and 2025:


		Amount of Gain Recognized
	Location of Realized Gain Recognized in the Condensed Consolidated Statement of Operations	Three Months Ended June 30,
(Dollars in thousands)		2026		2025
Derivatives designated as cash flow hedges:
Foreign currency derivatives	Cost of goods sold	$	(4)	$	(188)

		Amount of Gain Recognized
	Location of Realized Gain Recognized in the Condensed Consolidated Statement of Operations	Six Months Ended June 30,
(Dollars in thousands)		2026		2025
Derivatives designated as cash flow hedges:
Foreign currency derivatives	Cost of goods sold	$	(15)	$	(245)

Derivatives Not Designated as Hedging Instruments

The following table summarizes the fair value of our outstanding derivatives not designated as hedges (on a gross basis) and balance sheet classification as of June 30, 2026 and December 31, 2025:


	June 30, 2026		December 31, 2025
(Dollars in thousands)	Fair Value		Fair Value
Prepaid and other current assets
Foreign currency derivatives	$	193	$	217

Other accrued liabilities
Foreign currency derivatives	(60)		(26)
Net asset	$	133	$	191

Pretax Gains (Losses) on Derivative Contracts Not Designated as Hedging Instruments Not Recognized in Earnings

Pretax gains on non-designated derivatives recognized in earnings were as follows:


		Amount of Loss (Gain) Recognized
	Location of Loss (Gain) Recognized in the Condensed Consolidated Statement of Operations	Three Months Ended June 30,
(Dollars in thousands)		2026		2025
Derivatives not designated as hedges:
Foreign currency derivatives	Cost of goods sold	$	533	$	(292)

		Amount of Loss (Gain) Recognized
	Location of Loss (Gain) Recognized in the Condensed Consolidated Statement of Operations	Six Months Ended June 30,
(Dollars in thousands)		2026		2025
Derivatives not designated as hedges:
Foreign currency derivatives	Cost of goods sold	$	296	$	(528)