As of December 31, 2024, the fair values of our financial assets and financial liabilities are categorized as follows:


(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Derivatives (1)	$	—	$	1,476	$	—	$	1,476
Total assets at fair value	$	—	$	1,476	$	—	$	1,476

Liabilities:
Derivatives (1)	$	—	$	27	$	—	$	27
Total liabilities at fair value	$	—	$	27	$	—	$	27

As of June 30, 2024, the fair values of our financial assets and financial liabilities are categorized as follows:


(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Derivatives (1)	$	—	$	91	$	—	$	91
Total assets at fair value	$	—	$	91	$	—	$	91

Liabilities:
Derivatives (1)	$	—	$	89	$	—	$	89
Total liabilities at fair value	$	—	$	89	$	—	$	89

(1) Currency derivatives are valued based on observable market spot and forward rates and are classified within Level 2 of the fair value hierarchy.