Fair Value Measurement (Tables)

12 Months Ended

Dec. 31, 2022

Fair Value Disclosures [Abstract]

Fair Values of our Derivative Assets and Liabilities

The fair values of our derivative assets and liabilities and Contingent Consideration measured on a recurring basis as of December 31 and are categorized as follows:

	December 31, 2022								December 31, 2021
	Total		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3
Assets:
Foreign exchange contract	$	—	$	—	$	—	$	—	$	1,375	$	—	$	1,375	$	—
Interest rate swap agreement	$	1,849	$	—	$	1,849	$	—	$	241	$	—	$	241	$	—
Liabilities:
Foreign exchange contract	$	356	$	—	$	356	$	—	$	—	$	—	$	—	$	—
Interest rate swap agreement	$	—	$	—	$	—	$	—	$	498	$	—	$	498	$	—
Contingent Consideration	$	—	$	—	$	—	$	—	$	4,409	$	—	$	—	$	4,409

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

Details of the changes in value for the Contingent Consideration that is measured using significant unobservable inputs (Level 3) are as follows:

	Amount
Contingent Consideration liability balance at December 31, 2021	$	4,409
Change in fair value	341
Payments	(4,750)
Contingent Consideration liability balance at December 31, 2022	$	—

Notional Amount of Foreign Exchange Contracts

The following table summarizes the notional amount of our open foreign exchange contracts at December 31:

	2022				2021
	U.S. $ Equivalent		U.S. $ Equivalent Fair Value		U.S. $ Equivalent		U.S. $ Equivalent Fair Value
Commitments to buy or sell currencies	$	55,220	$	53,847	$	49,601	$	48,712

Fair Value and Presentation in Consolidated Balance Sheets for Derivatives none of which are Designated as Accounting Hedges

The following table summarizes the fair value and presentation of derivatives in the Consolidated Balance Sheets at December 31 : 

	Derivative Asset
	Balance Sheet Location	Fair Value
		2022		2021
Foreign exchange contracts	Other current assets	$	—	$	1,375
Interest rate swap agreement	Other assets	$	1,849	$	—
Interest rate swap agreement	Accrued liabilities and other	$	—	$	241

	Derivative Liability
	Balance Sheet Location	Fair Value
		2022		2021
Foreign exchange contracts	Accrued liabilities and other	$	356	$	—
Interest rate swap agreement	Accrued liabilities and other	$	—	$	498

	Derivative Equity
	Balance Sheet Location	Fair Value
		2022		2021
Derivative instruments	Accumulated other comprehensive (loss) income	$	3,777	$	757

Effect of Derivative Instruments on Consolidated Statements of Income for Derivatives not Designated as Accounting Hedges

The following table summarizes the effect of derivative instruments on the Consolidated Statements of Operations:

		2022		2021
	Location of Gain (Loss) Recognized on Derivatives	Amount of Gain (Loss) Recognized in Income on Derivatives
Foreign exchange contracts	Cost of revenues	$	3,236	$	2,452
Interest rate swap agreements	Interest expense	$	(80)	$	(9)
Foreign exchange contracts	Other (income) expense	$	(334)	$	134

Carrying Amounts and Fair Values of Our Long-Term Debt Obligations

The carrying amounts and fair values of our long-term debt obligations are as follows:

	December 31, 2022				December 31, 2021
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Term loan and security agreement 1	$	152,437	$	143,477	$	145,556	$	142,265
Revolving Credit Facility 1	$	—	$	—	$	49,400	$	49,400

1    Presented in the Consolidated Balance Sheets as the current portion of long-term debt of $10.9 million and long-term debt of $141.5 million as of December 31, 2022, and current portion of long-term debt of $9.4 million and long-term debt of $185.6 million as of December 31, 2021.