v3.26.3
Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Value of Derivative Instruments and the Balance Sheet Lines in Which They Are Recorded
The following table sets forth the fair values of derivative instruments designated as cash flow hedges held by the Company as of September 30, 2026 and December 31, 2025 and the balance sheet lines in which they are recorded:
Fair Value Asset (Liability)
September 30, 2026December 31, 2025Balance Sheet Caption
Foreign currency forward$885 $647 Prepaid and other current assets
Foreign currency forward(546)(654)Other accrued expenses
Schedule of Other Comprehensive Earnings (Loss) for the Gains (Losses) on Net Investment Hedges
Amounts recognized in other comprehensive earnings (loss) for the gains (losses) on net investment hedges were as follows:
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
(Loss) gain on euro-denominated debt$(3,625)$(896)$66,434 $(138,656)
Gain (loss) on currency forward contract— 3,475 — (12,702)
(Loss) gain on net investment hedges(3,625)2,579 66,434 (151,358)
Tax benefit (expense)817 (584)(14,974)34,216 
Net (loss) gain on net investment hedges, net of tax$(2,808)$1,995 $51,460 $(117,142)
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following table presents the Company’s assets and liabilities measured at fair value on a recurring basis as of September 30, 2026 and December 31, 2025:
September 30, 2026December 31, 2025
Level 2Level 2
Assets:
Foreign currency cash flow hedges$885 $647 
Liabilities:
Foreign currency cash flow hedges546 654