Derivative Instruments and Hedges (Tables)

3 Months Ended

Mar. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Fair Value of Forward Exchange Contracts not Designated as Hedging Instruments

The fair values of foreign exchange forward contracts are summarized below:

	March 31,		December 31,
(Amounts in thousands)	2024		2023
Current derivative assets	$	2,387	$	1,915
Noncurrent derivative assets	—		17
Current derivative liabilities	2,223		3,855
Noncurrent derivative liabilities	37		5

Impact of Net Changes in Fair Values of Forward Exchange Contracts Not Designated as Hedging Instruments

The impact of net changes in the fair values of foreign exchange forward contracts are summarized below:

	Three Months Ended March 31,
(Amounts in thousands)	2024		2023
Gains (losses) recognized in income	$	5,288	$	(1,983)