v3.25.4
Fair Value Measurements And Derivative Instruments (Tables)
 12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Fair Value Measurements, Recurring and Nonrecurring
The following tables present the classification of our assets and liabilities measured at fair value on a recurring basis (in thousands):
December 31, 2025TotalLevel 1Level 2Level 3
Assets:
Foreign currency derivatives$217 $— $217 $— 
Total assets at fair value$217 $— $217 $— 
Liabilities:
Foreign currency derivatives$26 $— $26 $— 
Total liabilities at fair value$26 $— $26 $— 
December 31, 2024TotalLevel 1Level 2Level 3
Assets:
Foreign currency derivatives$296 $— $296 $— 
Total assets at fair value$296 $— $296 $— 
Liabilities:
Foreign currency derivatives$248 $— $248 $— 
Total liabilities at fair value$248 $— $248 $— 
Schedule of Notional Amounts of Outstanding Derivative Positions
The notional amounts of our outstanding derivative instruments as of December 31, 2025 and 2024 were as follows:
(in thousands)December 31, 2025December 31, 2024
 Notional AmountNotional Amount
Derivative instruments not designated as hedges:
Foreign currency derivatives$35,498 $11,918 
Schedule Of Realized (Gains) Losses On Derivatives Recognized In Statement Of Operations
The realized losses (gains) on cash flow hedges are recognized in the Statements of Operations when the hedged item impacts earnings and are as follows for the years ended December 31, 2025, 2024 and 2023:
  Amount of (Gain)/Loss
Recognized
(in thousands)Location of Realized (Gain)/Loss Recognized in the Consolidated Statement of Operations202520242023
Derivatives designated as cash flow hedges:
Foreign currency derivativesCost of goods sold$(241)$121 $5,541 
Commodity derivative contractsCost of goods sold— (2,462)(15,089)
Interest rate swapsInterest expense — (7,384)(10,617)
Pretax gains and losses on derivative contracts not designated as hedging instruments not recognized in earnings
Pre-tax gains and losses on non-designated derivatives recognized in earnings are as follows:
  Amount of (Gain)/Loss
Recognized
(in thousands)Location of Realized (Gain)/Loss Recognized in the Consolidated Statement of Operations202520242023
Derivatives not designated as hedges:
Foreign currency derivativesCost of goods sold$(1,139)$492 $(314)
Interest rate swapsInterest expense— — (2,957)
Derivatives Not Designated as Hedging Instruments
The following table summarizes the fair value of our outstanding derivatives not designated as hedges (on a gross basis) and balance sheet classification as of December 31, 2025 and 2024:
December 31, 2025December 31, 2024
(in thousands)   Fair Value   Fair Value
Prepaid and other current assets
Foreign currency derivatives$217 $296 
Other accrued liabilities
Foreign currency derivatives(26)(248)
Net asset $191 $48