Fair-Value Measurements (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of Fair Value of Financial Assets and Liabilities

The following table presents the fair-value hierarchy for our Level 1 and Level 2 financial and non-financial assets and liabilities, which are measured at fair value on a recurring basis:


	December 31, 2022				December 31, 2021
(in thousands)	Quoted prices in active markets (Level 1)		Significant other observable inputs (Level 2)		Quoted prices in active markets (Level 1)		Significant other observable inputs (Level 2)
Fair Value
Assets:
Cash equivalents	$	6,533	$	—	$	20,665	$	—
Other Assets:
Common stock of unaffiliated foreign public company (a)	602		—		702		—
Interest rate swaps	—		23,605		—		3,328
Liabilities:
Other noncurrent liabilities:
Interest rate swaps	—		—		—		(5,176)

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(a)Original cost basis $0.5 million

Schedule of /Gains on Changes in Fair Value of Derivative Instruments

(Gains)/losses related to changes in fair value of derivative instruments that were recognized in Other (income)/expense, net in the Consolidated Statements of Income were as follows:



(in thousands)		2022	2021	2020
Derivatives not designated as hedging
instruments
Foreign currency options (gains)/losses	$	(509)	169	64

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

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