v3.24.1.u1
FAIR VALUE (Tables)
 3 Months Ended
Mar. 31, 2024
Fair Value Disclosures [Abstract]  
Schedule of fair values of financial assets and liabilities
As of March 31, 2024, the fair values of our financial assets and liabilities were categorized as follows:
TotalLevel 1Level 2Level 3
Assets
Investment in equity securities (1)
$1,698 $1,698 $— $— 
Foreign exchange contracts (2)
306 — 306 — 
Convertible notes5,650 — — 5,650 
Total assets at fair value$7,654 $1,698 $306 $5,650 
Liabilities
Foreign exchange contracts (2)
$438 $— $438 $— 
Cross currency swap contract (2)
18,347 — 18,347 — 
Total liabilities at fair value$18,785 $— $18,785 $— 
As of December 31, 2023, the fair values of our financial assets and liabilities were categorized as follows:
TotalLevel 1Level 2Level 3
Assets
Investment in equity securities (1)
$1,106 $1,106 $— $— 
Foreign exchange contracts (2)
386 — 386 — 
Convertible note5,650 — — 5,650 
Total assets at fair value$7,142 $1,106 $386 $5,650 
Liabilities
Foreign exchange contracts (2)
$221 $— $221 $— 
Cross currency swap contract (2)
22,199 — 22,199 — 
Total liabilities at fair value$22,420 $— $22,420 $— 
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(1)Investment in PureCycle Technologies ("PCT" or "PureCycle"). See Note 18 – Investment in Equity Securities for discussion of this investment.
(2)Market approach valuation technique based on observable market transactions of spot and forward rates.