DERIVATIVE INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Foreign Currency Forward Contracts

The following tables present the Company’s foreign currency forward contracts as of March 31, 2024 and December 31, 2023:

As of March 31, 2024

Description

($ in thousands)

Notional Amount to be Purchased

Notional Amount to be Sold

Maturity Date

Gross Amount of Recognized Assets (Liabilities)

Balance Sheet Location of Net Amounts

Foreign currency forward contract (AUD)

A$37,920

$24,768

04/08/24

(25)

Derivative liabilities

Foreign currency forward contract (AUD)

$571

A$872

04/08/24

Derivative assets

Foreign currency forward contract (AUD)

$25,161

A$37,048

04/08/24

987

Derivative assets

Foreign currency forward contract (AUD)

$25,112

A$38,350

07/08/24

Derivative assets

Foreign currency forward contract (CAD)

C$252

$189

04/08/24

(3)

Derivative liabilities

Foreign currency forward contract (CAD)

C$5,633

$4,148

04/08/24

Derivative assets

Foreign currency forward contract (CAD)

$83

C$113

04/08/24

—

Derivative liabilities

Foreign currency forward contract (CAD)

$4,342

C$5,772

04/08/24

Derivative assets

Foreign currency forward contract (CAD)

$4,213

C$5,715

07/08/24

(16)

Derivative liabilities

Foreign currency forward contract (DKK)

4,058kr.

$589

04/08/24

(1)

Derivative liabilities

Foreign currency forward contract (DKK)

$12

80kr.

04/08/24

—

Derivative assets

Foreign currency forward contract (DKK)

$587

3,978kr.

04/08/24

Derivative assets

Foreign currency forward contract (DKK)

$594

4,077kr.

07/08/24

Derivative assets

Foreign currency forward contract (EUR)

€95,644

$103,471

04/08/24

(155)

Derivative liabilities

Foreign currency forward contract (EUR)

$3,430

€3,164

04/08/24

Derivative assets

Foreign currency forward contract (EUR)

$101,716

€92,480

04/08/24

1,818

Derivative assets

Foreign currency forward contract (EUR)

$107,123

€98,651

07/08/24

158

Derivative assets

Foreign currency forward contract (GBP)

£1,056

$1,335

04/08/24

(1)

Derivative liabilities

Foreign currency forward contract (GBP)

£15,862

$20,025

04/08/24

Derivative assets

Foreign currency forward contract (GBP)

$1,254

£982

04/08/24

Derivative assets

Foreign currency forward contract (GBP)

$20,135

£15,936

04/08/24

Derivative assets

Foreign currency forward contract (GBP)

$21,094

£16,701

07/08/24

(14)

Derivative liabilities

Foreign currency forward contract (NZD)

NZ$10,224

$6,141

04/08/24

(25)

Derivative liabilities

Foreign currency forward contract (NZD)

$6,401

NZ$10,224

04/08/24

285

Derivative assets

Foreign currency forward contract (NZD)

$6,210

NZ$10,338

10/10/23

Derivative assets

Foreign currency forward contract (NOK)

21,883kr

$2,032

04/08/24

(15)

Derivative liabilities

Foreign currency forward contract (NOK)

$40

429kr

04/08/24

Derivative assets

Foreign currency forward contract (NOK)

$2,083

21,453kr

04/08/24

105

Derivative assets

Foreign currency forward contract (NOK)

$2,038

21,901kr

07/08/24

Derivative assets

Foreign currency forward contract (SEK)

16,338kr

$1,541

04/08/24

(12)

Derivative liabilities

Foreign currency forward contract (SEK)

$32

330kr

04/08/24

Derivative assets

Foreign currency forward contract (SEK)

$1,576

16,008kr

04/08/24

Derivative assets

Foreign currency forward contract (SEK)

$1,549

16,363kr

07/08/24

Derivative assets

Foreign currency forward contract (CHF)

1,691Fr.

$1,870

04/08/24

Derivative assets

Foreign currency forward contract (CHF)

$2,013

1,691Fr.

04/08/24

134

Derivative assets

Foreign currency forward contract (CHF)

$1,921

1,720Fr.

07/08/24

(9)

Derivative liabilities

Total

3,525

As of December 31, 2023

Description

($ in thousands)

Notional Amount to be Purchased

Notional Amount to be Sold

Maturity Date

Gross Amount of Recognized Assets (Liabilities)

Balance Sheet Location of Net Amounts

Foreign currency forward contract (AUD)

$22,960

A$35,907

01/10/24

(1,568)

Derivative liabilities

Foreign currency forward contract (AUD)

$569

A$867

01/10/24

(23)

Derivative liabilities

Foreign currency forward contract (CAD)

$4,087

C$5,577

01/10/24

(137)

Derivative liabilities

Foreign currency forward contract (CAD)

$182

C$245

01/10/24

(4)

Derivative liabilities

Foreign currency forward contract (DKK)

$548

3,873kr.

01/10/24

(27)

Derivative liabilities

Foreign currency forward contract (DKK)

$17

120kr.

01/10/24

(1)

Derivative liabilities

Foreign currency forward contract (EUR)

$93,155

€88,305

01/10/24

(4,541)

Derivative liabilities

Foreign currency forward contract (EUR)

$7,409

€6,840

01/10/24

(158)

Derivative liabilities

Foreign currency forward contract (GBP)

$18,602

£15,328

01/10/24

(927)

Derivative liabilities

Foreign currency forward contract (NZD)

$5,813

NZ$9,760

01/10/24

(373)

Derivative liabilities

Foreign currency forward contract (NZD)

$126

NZ$215

01/10/24

(10)

Derivative liabilities

Foreign currency forward contract (NOK)

$1,946

kr21,024

01/10/24

(130)

Derivative liabilities

Foreign currency forward contract (SEK)

$1,523

16,000kr

01/10/24

(69)

Derivative liabilities

Foreign currency forward contract (CHF)

$1,843

1,672Fr.

01/10/24

(148)

Derivative liabilities

Total

(8,116)