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Fair Value Measurement (Tables)
12 Months Ended
Dec. 31, 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:
December 31, 2025December 31, 2024
TotalLevel 1Level 2Level 3TotalLevel 1Level 2Level 3
Assets:
Foreign exchange contract designated as hedging instruments
$1,755 $— $1,755 $— $— $— $— $— 
Foreign exchange contract not designated as hedging instruments$106 $— $106 $— $— $— $— $— 
Interest rate swap agreement settled in 2025$— $— $— $— $1,069 $— $1,069 $— 
Liabilities:
Foreign exchange contract designated as hedging instruments
$110 $— $110 $— $5,698 $— $5,698 $— 
Foreign exchange contract not designated as hedging instruments
$— $— $— $— $53 $— $53 $— 
Warrants$2,518 $— $2,518 $— $— $— $— $— 
Summary of Notional Amount of Foreign Exchange Contracts
The following table summarizes the notional amount of our open foreign exchange contracts at December 31:
20252024
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
$52,183 $52,956 $54,359 $55,251 
Commitments to buy or sell currencies - Foreign exchange contract not designated as hedging instruments
$10,994 $10,860 $4,697 $5,023 
Summary of Fair Value and Presentation in Consolidated Balance Sheets for Derivatives
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
20252024
Foreign exchange contract designated as hedging instruments
Other current assets$1,755 $— 
Foreign exchange contract not designated as hedging instrumentsOther current assets$106 $— 
Interest rate swap agreementOther current assets$— $1,069 
 Derivative Liability
Balance Sheet
Location
Fair Value
20252024
Foreign exchange contract designated as hedging instruments
Accrued liabilities and other$110 $5,648 
Foreign exchange contract designated as hedging instruments
Other long-term liabilities$— $50 
Foreign exchange contract not designated as hedging instrumentsAccrued liabilities and other$— $53 
WarrantsOther long term liabilities$2,518 $— 
 Derivative Equity
Balance Sheet
Location
Fair Value
20252024
Foreign exchange contract designated as hedging instrumentsAccumulated other comprehensive loss$3,369 $(2,119)
Interest rate swap agreementsAccumulated other comprehensive loss$833 $897 
Summary of Effect of Derivative Instruments on Consolidated Statements of Income for Derivatives not Designated as Accounting Hedges
The following table summarizes the effect of derivative instruments on the Consolidated Statements of Operations:
20252024
Location of Gain (Loss)
Recognized on Derivatives
Amount of Gain (Loss)
Recognized in Income on
Derivatives
Foreign exchange contract designated as hedging instruments
Cost of revenues$(36)$(2,454)
Settled interest rate swap agreementsInterest expense$1,564 $2,253 
Foreign exchange contract not designated as hedging instruments
Other (income) expense$154 $281 
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:
December 31, 2025December 31, 2024
Carrying
Amount
Fair ValueCarrying
Amount
Fair Value
Term Loan due 2030 1
$88,106 $88,106 $— $— 
Prior Term Loan due 2027— — 85,000 84,363 
Revolving credit facility$16,839 $16,839 $50,500 $50,500 
1    Presented in the Consolidated Balance Sheets as the current portion of long-term debt of $0.9 million and long-term debt of $87.2 million as of December 31, 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.