v3.26.1
Derivatives and Hedging (Tables)
 6 Months Ended
Jun. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Notional Amounts of Outstanding Derivative Positions The tables below provide information regarding the Company’s outstanding derivative contracts as of the dates indicated (in thousands, except for number of contracts).
June 30, 2026
Derivative Contract TypeNumber of
Contracts		Notional
Amounts		Fair Value
Asset
(Liability), Net (2)		Balance
Sheet
Line Item
Foreign currency forwards (1)
28 $89,849 $(234)Other current assets/
accrued liabilities

December 31, 2025
Derivative Contract TypeNumber of ContractsNotional
Amounts		Fair Value
Asset
(Liability), Net (2)		Balance
Sheet
Line Item
Foreign currency forwards (1)
104 $427,482 $230 Other current assets/
accrued liabilities
(1)The Company has foreign exchange transaction risk because it typically enters into transactions in the normal course of business that are denominated in foreign currencies that differ from the local functional currency. The Company enters into short-term foreign currency forward exchange contracts to mitigate the cash flow risk associated with changes in foreign currency rates on forecasted foreign currency transactions. These contracts are accounted for at fair value with realized and unrealized gains and losses recognized in Other (expense) income, net because the Company does not designate these contracts as hedges for accounting purposes. All of the outstanding foreign currency forward exchange contracts at June 30, 2026 matured before July 31, 2026.

(2)See Note 12 — Fair Value Disclosures for the determination of the fair values of these instruments.
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance The table below provides information regarding amounts recognized in the accompanying Condensed Consolidated Statements of Operations for derivative contracts for the periods indicated (in thousands).
Three Months EndedSix Months Ended
June 30,June 30,
Amount recorded in:2026202520262025
Interest expense, net (1)$— $4,471 $— $8,935 
Other expense (income), net (2)2,212 62 3,430 (534)
Total expense, net
$2,212 $4,533 $3,430 $8,401 
(1)Consists of interest expense from interest rate swap contracts.
(2)Consists of net realized and unrealized gains and losses on foreign currency forward contracts and in 2025 also included a gain on a de-designated interest rate swap.