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Derivatives
9 Months Ended
Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivatives Derivatives
The following table sets forth the total net fair value of derivatives:
 September 30, 2024December 31, 2023
Fair Value Measurement UsingTotal BalanceFair Value Measurement UsingTotal Balance
(In thousands)Level 1Level 2Level 3Level 1Level 2Level 3
Foreign currency exchange contracts$— $337 $— $337 $— $(83)$— $(83)
We held foreign currency exchange contracts, which resulted in a net pre-tax gain of $0.4 million and net pre-tax gain of $19 thousand for the three months ended September 30, 2024 and 2023, respectively. For the nine months ended September 30, 2024 and 2023, we had a net pre-tax gain of $0.2 million and a net pre-tax loss of $2.8 million, respectively.

Details of foreign currency exchange contracts held were as follows:
Date HeldCurrencyPosition HeldNotional Value
(in millions)
Forward Rate
Unrealized Gain/(Loss) Recorded at Balance Sheet
Date
(in thousands)(1)
Settlement Date
September 30, 2024USD/Chinese Yuan RenminbiCNY$25.0 7.0991 $330 October 8, 2024
September 30, 2024USD/EuroUSD$9.0 1.1141 $October 4, 2024
December 31, 2023USD/Chinese Yuan RenminbiCNY$20.0 7.1181 $(18)January 5, 2024
December 31, 2023USD/EuroUSD$22.0 1.1009 $(65)January 5, 2024
(1)Unrealized gains on foreign currency exchange contracts are recorded in prepaid expenses and other current assets. Unrealized losses on foreign currency exchange contracts are recorded in other accrued liabilities.