Assets and liabilities measured and recorded at fair value on a recurring basis as of June 30, 2026 and December 31, 2025 consisted of the following:


Dollars in thousands	Fair Value Measurement	June 30, 2026		December 31, 2025
Assets:
Cash and cash equivalents	Level 1	$	214,415	$	235,048
Short-term investments	Level 1	59,669		28,693
Interest rate swaps	Level 2	29,640		27,246

Foreign currency forward contracts	Level 2	—		29
Foreign currency forward contracts (not designated as hedges)	Level 2	—		1,015
Total Assets:		$	303,724	$	292,031

Liabilities:
Cross currency rate swaps	Level 2	$	54,514	$	59,667
Net investment hedges	Level 2	78,541		82,199
Foreign currency forward contracts	Level 2	1,014		—
Contingent consideration	Level 3	7,314		26,049
Foreign currency forward contracts (not designated as hedges)	Level 2	452		—

Total Liabilities:		$	141,835	$	167,915