Derivative Financial Instruments

6 Months Ended

Jun. 30, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

4. DERIVATIVE FINANCIAL INSTRUMENTS

The gross notional amount of interest rate swap derivative contracts not designated as hedging instruments, outstanding as of June 30, 2023 and December 31, 2022, was €1.9 million ($2.1 million) and €4.8 million ($5.2 million), respectively.

The amount and location of the gains (losses) in the condensed consolidated statements of operations related to derivative contracts is as follows (in thousands):


		Three Months Ended June 30,				Six Months Ended June 30,
Derivatives Not Designed As Hedging Instruments	Line Items	2023		2022		2023			2022
Interest rate swap	Financial income (expense), net	$	—	$	20	$	(21	)	$	42

The following table presents the fair value and the location of derivative contracts reported in the condensed consolidated balance sheets (in thousands):


		As of June 30,		As of December 31,
Derivatives Not Designed As Hedging Instruments	Line Items	2023		2022
Interest rate swap	Other long-term assets		46		66