v3.26.3
Fair Value Measurement (Tables)
 9 Months Ended
Sep. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Notional Amounts of Outstanding Derivative Positions
The following table presents the notional contract amounts for forward contracts outstanding:

As of
FASB ASC Topic 815 DesignationSeptember 30, 2026December 31, 2025
Forward exchange contractsCash flow hedge$258,729 $239,588 
Forward exchange contractsNon-designated67,769 49,459 
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)
Foreign exchange contracts designated as cash flow hedges had the following effects on accumulated other comprehensive income (loss) ("AOCI") and net earnings on our consolidated condensed statements of comprehensive income and our consolidated condensed balance sheets:

Amount of Gain (Loss) Recognized in AOCI
Consolidated Condensed Statements of Comprehensive Income
Amount of Gain (Loss) Reclassified from AOCI
Three Months Ended September 30,
Total Amount of Line Item Presented
Derivative Instrument20262025Location of amount reclassified2026202520262025
Foreign exchange contracts$(1,670)$4,387 Net Sales$335,557 $337,926 $(30)$(653)
Cost of Sales146,409 171,807 1,063 112 
Pre-tax gain (loss)
$(1,670)$4,387 $1,033 $(541)
Tax expense (benefit)
(405)1,063 250 (131)
Net gain (loss)
$(1,265)$3,324 $783 $(410)

Amount of Gain (Loss) Recognized in AOCI
Consolidated Condensed Statements of Comprehensive Income
Amount of Gain (Loss) Reclassified from AOCI
Nine Months Ended September 30,
Total Amount of Line Item Presented
Derivative Instrument20262025Location of amount reclassified2026202520262025
Foreign exchange contracts$6,178 $(9,219)Net Sales$996,090 $1,001,526 $(1,300)$505 
Cost of Sales426,038 469,336 2,979 (781)
Pre-tax gain (loss)
$6,178 $(9,219)$1,679 $(276)
Tax expense (benefit)
1,498 (2,235)407 (67)
Net gain (loss)
$4,680 $(6,984)$1,272 $(209)
Derivatives Not Designated as Hedging Instruments
Net loss from derivative instruments not accounted for as hedges and gain (loss) on our intercompany receivables on our consolidated condensed statements of comprehensive income were:

Three Months Ended September 30,Nine Months Ended September 30,
Derivative Instrument
Location on Consolidated Condensed Statements of Comprehensive Income
2026202520262025
Net loss on currency forward contracts
Selling and administrative expense$(1,950)$(150)$(2,913)$(2,230)
Net gain (loss) on currency transaction exposures
Selling and administrative expense$1,243 $(690)$458 $653 
Schedule of Fair Value for Forward Foreign Exchange Contracts The following tables summarize the fair value for forward foreign exchange contracts outstanding at September 30, 2026 and December 31, 2025:
September 30, 2026Location on Consolidated Condensed Balance SheetAsset Fair ValueLiabilities Fair ValueNet
Fair
Value
Derivatives designated as hedged instruments:
Foreign exchange contracts
Prepaid expenses and other current assets
$5,053 $(2,188)$2,865 
Foreign exchange contracts
Other assets
891 (454)437 
$5,944 $(2,642)$3,302 
Derivatives not designated as hedging instruments:
Foreign exchange contractsOther current liabilities4 (249)(245)
Total derivatives$5,948 $(2,891)$3,057 

December 31, 2025Location on Consolidated Condensed Balance SheetAsset Fair ValueLiabilities Fair ValueNet
Fair
Value
Derivatives designated as hedged instruments:
Foreign exchange contracts
Other current liabilities
$4,389 $(5,223)$(834)
Foreign exchange contracts
Other long-term liabilities
46 (407)(361)
$4,435 $(5,630)$(1,195)
Derivatives not designated as hedging instruments:
Foreign exchange contracts
Other current liabilities
— (307)(307)
Total derivatives$4,435 $(5,937)$(1,502)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation Changes in the fair value of contingent consideration liabilities for the nine months ended September 30, 2026 and 2025 are as follows:
In2BonesBiorez
2026202520262025
Balance as of January 1,$2,160 $11,196 $59,248 $61,021 
Payments
— — (40,679)(22,577)
Changes in fair value of contingent consideration(2,160)(8,828)3,375 12,332 
Balance as of September 30,$— $2,368 $21,944 $50,776