v3.26.1
Derivative Instruments (Tables)
 6 Months Ended
Jun. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
As of June 30, 2026 and December 31, 2025, the fair value carrying amount of the Company's derivatives designated as hedging instruments are recorded as follows (dollars in thousands):
Asset / (Liability) Derivatives
Derivatives Designated as Hedging InstrumentsBalance Sheet CaptionJune 30, 2026December 31, 2025
Net Investment Hedges
Cross-currency swapsOther long-term liabilities$(15,000)$(18,270)
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance
The following table summarizes the income recognized in accumulated other comprehensive income (loss) ("AOCI") on derivative contracts designated as hedging instruments as of June 30, 2026 and December 31, 2025, and the amounts reclassified from AOCI into earnings for the six months ended June 30, 2026 and 2025 (dollars in thousands):
Amount of Income Recognized in AOCI on Derivatives (Effective Portion, net of tax)Amount of Income (Loss) Reclassified
from AOCI into Earnings
As of June 30, 2026As of December 31, 2025Location of Income (Loss) Reclassified from AOCI into Earnings (Effective Portion)Three months ended
June 30, 		Six months ended
June 30,
2026202520262025
Net Investment Hedges
Cross-currency swaps$7,150 $4,720 Other income (expense), net$— $— $— $— 
Derivatives Not Designated as Hedging Instruments
The following table summarizes the effects of derivatives not designated as hedging instruments on the Company's consolidated statement of income (dollars in thousands):
Location of Income (Loss) Recognized in Earnings on DerivativesAmount of Income (Loss) Recognized in
Earnings on Derivatives
Three months ended
June 30, 		Six months ended
June 30,
2026202520262025
Derivatives not designated as hedging instruments
Foreign exchange contractsOther income (expense), net$(130)$(4,560)$(820)$(6,860)
Fair Value Measurements, Recurring and Nonrecurring Fair value measurements and the fair value hierarchy level for the Company's assets and liabilities measured at fair value on a recurring basis as of June 30, 2026 and December 31, 2025 are shown below (dollars in thousands):  
DescriptionFrequencyAsset / (Liability)Quoted Prices in Active Markets for Identical Assets
(Level 1)		Significant Other Observable Inputs
(Level 2)		Significant Unobservable Inputs
(Level 3)
June 30, 2026
Cross-currency swapsRecurring$(15,000)$— $(15,000)$— 
Foreign exchange contractsRecurring$(80)$— $(80)$— 
December 31, 2025
Cross-currency swapsRecurring$(18,270)$— $(18,270)$— 
Foreign exchange contractsRecurring$90 $— $90 $—