Derivative Instruments and Hedging Strategies (Tables)

9 Months Ended

Sep. 30, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Fair Value of Derivative Assets and Liabilities

The fair values of the Company’s derivative instruments were as follows (in thousands):

	September 30, 2024				December 31, 2023
	Derivative Asset		Derivative Liability		Derivative Asset		Derivative Liability
Derivatives not designated as hedging instruments:
Forward Exchange Contract	$	72	$	—	$	608	$	—

Schedule of Gains (Losses) on Derivative Instruments not Designated as Hedging Instruments

The Company had no derivative instruments not designated as hedging instruments for the three and nine months ended September 30, 2023 and recognized gains (losses) on derivative instruments not designated as hedging instruments for the three and nine months ended September 30, 2024 as follows (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024			2023
Forward currency exchange, option, and future contracts	$	67	$	—	$	(372	)	$	—