DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2024

DERIVATIVE FINANCIAL INSTRUMENTS

Schedule of fair value of the Company's derivative financial instruments as well as classification on the condensed consolidated balance sheets

The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the consolidated balance sheets as of December 31, 2024 and 2023 (in thousands):

		Asset Derivatives
		Fair value as of:
Derivatives designated as	Balance Sheet	December 31,		December 31,
hedging instruments	Location	2024		2023
Foreign currency contracts	Prepaid expenses and other assets	$	—	$	54
Interest rate swaps	Prepaid expenses and other assets		—		2,254
Interest rate swaps	Other long-term assets		2,575		2,177
		$	2,575	$	4,485
		Liability Derivatives
		Fair value as of:
Derivatives designated as	Balance Sheet	December 31,		December 31,
hedging instruments	Location	2024		2023
Foreign currency contracts	Accrued liabilities	$	137	$	—
		$	137	$	—

Schedule of effect of cash flow hedge accounting on other comprehensive income (loss) (OCI)

The table below presents the effect of cash flow hedge accounting on other comprehensive (loss) income (OCI) for the years ended December 31, 2024, 2023 and 2022 (in thousands):

	Amount of pre-tax gain recognized in OCI
	on derivatives
Derivatives in cash flow hedging relationships	Year ended December 31,
	2024		2023		2021
Interest rate swaps	$	2,284	$	935	$	7,621

Location of gain reclassified	Amount of pre-tax gain reclassified from accumulated OCI into income
from accumulated OCI into income	Year ended December 31,
	2024		2023		2021
Interest expense	$	4,193	$	3,814	$	532

Schedule of effect of the Company's derivative financial instruments on the condensed consolidated statements of income and comprehensive income

The table below presents the effect of the Company’s derivative financial instruments on the consolidated statements of income and comprehensive income for the years ended December 31, 2024, 2023 and 2022 (in thousands):

		Total amounts of income and expense line items presented
		that reflect the effects of cash flow hedges recorded
		Year ended December 31,
Derivatives designated as hedging instruments	Income Statement Location	2024		2023		2022
Interest rate swaps	Interest Expense	$	13,296	$	12,383	$	7,692