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Derivatives
12 Months Ended
Dec. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivatives Derivatives
The following table sets forth the total net fair value of derivatives:
 December 31, 2025December 31, 2024
Fair Value Measurement UsingTotal BalanceFair Value Measurement UsingTotal Balance
(In thousands)Level 1Level 2Level 3Level 1Level 2Level 3
Foreign currency exchange contracts$— $136 $— $136 $— $(249)$— $(249)

We held foreign currency exchange contracts which resulted in a net pre-tax loss of $0.3 million, $0.7 million, and $3.2 million for the years ended December 31, 2025, 2024 and 2023, respectively. See Note 16 for further information concerning our foreign currency exchange contracts.

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
December 31, 2025USD/CNYCNY$40.0 6.9884 $132 January 29, 2026
December 31, 2025USD/EURUSD$1.0 1.8110 $January 29, 2026
December 31, 2024USD/CNYCNY$28.0 7.2316 $(406)January 10, 2025
December 31, 2024USD/EURUSD$8.0 1.0569 $157 January 10, 2025
(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.