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Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Value of Derivative Instruments and the Balance Sheet Lines in Which They Are Recorded
The following table sets forth the fair values of derivative instruments held by the Company as of June 30, 2024 and December 31, 2023 and the balance sheet lines in which they are recorded:
Fair Value Asset (Liability)
June 30, 2024December 31, 2023Balance Sheet Caption
Foreign currency forward$1,542 $1,675 Prepaid and other current assets
Foreign currency forward(596)(874)Other accrued expenses
Schedule of Other Comprehensive Earnings for the Gains on Net Investment Hedges
Amounts recognized in other comprehensive earnings for the gains (losses) on net investment hedges were as follows:
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Gain (loss) on euro-denominated debt
$13,781 $(14,264)$32,755 $(32,511)
Tax (expense) benefit
(3,074)3,166 (7,460)7,216 
Net gain (loss) on net investment hedges, net of tax
$10,707 $(11,098)$25,295 $(25,295)
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following table presents the Company’s assets and liabilities measured at fair value on a recurring basis as of June 30, 2024 and December 31, 2023:
June 30, 2024December 31, 2023
Level 2Level 2
Assets:
Foreign currency cash flow hedges$1,542 $1,675 
Liabilities:
Foreign currency cash flow hedges596 874