XML 71 R50.htm IDEA: XBRL DOCUMENT v3.25.0.1
Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 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 December 31, 2024 and 2023 and the balance sheet lines in which they are recorded:
Fair Value Asset (Liability)
December 31, 2024December 31, 2023Balance Sheet Caption
Foreign currency forward$2,258 $1,675 Prepaid and other current assets
Foreign currency forward(888)(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:
202420232022
Gain (loss) on euro-denominated debt
$66,789 $(45,805)$80,301 
Tax (expense) benefit
(14,996)10,438 (17,824)
Net gain (loss) on net investment hedges, net of tax
$51,793 $(35,367)$62,477 
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 December 31, 2024 and 2023:
December 31, 2024December 31, 2023
Level 2Level 2
Assets:
Foreign currency cash flow hedges$2,258 $1,675 
Liabilities:
Foreign currency cash flow hedges888 874