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Fair Value Measurement (Tables)
9 Months Ended
Sep. 30, 2025
Fair Value Disclosures [Abstract]  
Summary of Fair Values of Our Derivative Assets and Liabilities
The fair values of our financial instruments measured on a recurring basis are categorized as follows: 
September 30, 2025December 31, 2024
TotalLevel 1Level 2Level 3TotalLevel 1Level 2Level 3
Assets:
Foreign exchange contract designated as hedging instruments$2,419 $— $2,419 $— $— $— $— $— 
Foreign exchange contract not designated as hedging instruments$121 $— $121 $— $— $— $— $— 
Interest rate swap agreement settled in 2025$— $— $— $— $1,069 $— $1,069 $— 
Liabilities:
Foreign exchange contract designated as hedging instruments$— $— $— $— $5,698 $— $5,698 $— 
Foreign exchange contract not designated as hedging instruments$— $— $— $— $53 $— $53 $— 
Warrants$2,912 $— $2,912 $— $— $— $— $— 
Summary of Notional Amount of Foreign Exchange Contracts
The following table summarizes the notional amount of our open foreign exchange contracts:
September 30, 2025December 31, 2024
U.S. $
Equivalent
U.S. $
Equivalent
Fair Value
U.S. $
Equivalent
U.S. $
Equivalent
Fair Value
Commitments to buy or sell currencies - Foreign exchange contract designated as hedging instruments$39,578 $40,073 $54,359 $55,251 
Commitments to buy or sell currencies - Foreign exchange contract not designated as hedging instruments$3,851 $3,460 $4,697 $5,023 
Summary of 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 financial instruments in the Condensed Consolidated Balance Sheets: 
 Derivative Asset
Balance Sheet
Location
Fair Value
September 30, 2025December 31, 2024
Foreign exchange contract designated as hedging instrumentsOther current assets$2,419 $— 
Foreign exchange contract not designated as hedging instrumentsOther current assets$121 $— 
Interest rate swap agreement settled in 2025Other assets, net$— $1,069 
 Derivative Liability
Balance Sheet
Location
Fair Value
September 30, 2025December 31, 2024
Foreign exchange contract designated as hedging instrumentsAccrued liabilities and other$— $5,648 
Foreign exchange contract designated as hedging instrumentsOther long-term liabilities$— $50 
Foreign exchange contracts not designated as hedging instrumentsAccrued liabilities and other$— $53 
 Derivative Equity
Balance Sheet
Location
Fair Value
September 30, 2025December 31, 2024
Foreign exchange contracts designated as hedging instrumentsAccumulated other comprehensive income (loss)$2,773 $(2,119)
Interest rate swap agreementsAccumulated other comprehensive income$1,778 $897 
Summary of Effect of Derivative Instruments on Consolidated Statements of Operations for Derivatives not Designated as Hedging Instruments
The following table summarizes the effect of financial instruments on the Condensed Consolidated Statements of Operations:
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Location of Gain (Loss) on Derivatives
Recognized in Income (Loss)
Amount of Gain (Loss) on Derivatives
Recognized in Income (Loss)
Amount of Gain (Loss) on Derivatives
Recognized in Income (Loss)
Foreign exchange contracts designated as hedging instrumentsCost of revenues$1,066 $(1,236)$(1,543)$(634)
Settled interest rate swap agreementsInterest expense$379 $597 $1,187 $1,793 
Foreign exchange contracts not designated as hedging instrumentsOther (income) expense$27 $52 $166 $150 
Summary of 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:
 September 30, 2025December 31, 2024
 Carrying
Amount
Fair ValueCarrying
Amount
Fair Value
Term Loan due 2030 1
$87,983 $87,983 $— $— 
Prior Term Loan due 2027 1
$— $— $85,000 $84,363 
Revolving credit facility$20,225 $20,225 $50,500 $50,500 
1.Presented in the Condensed Consolidated Balance Sheets as the current portion of long-term debt of $0.9 million and long-term debt of $87.0 million as of September 30, 2025 and current portion of long-term debt of $8.4 million and long-term debt of $76.6 million as of December 31, 2024.