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Fair-Value Measurements (Tables)

3 Months Ended

Mar. 31, 2023

Fair Value Measurements, Recurring and Nonrecurring

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:


	March 31, 2023				December 31, 2022
	Quoted prices in active markets		Significant other observable inputs		Quoted prices in active markets		Significant other observable inputs
(in thousands)	(Level 1)		(Level 2)		(Level 1)		(Level 2)
Fair Value
Assets:
Cash equivalents	$	4,317	$	—	$	6,533	$	—
Other Assets:
Common stock of unaffiliated foreign public company (a)	601		—		602		—
Interest rate swaps			19,784		—		23,605

(a)Original cost basis $0.5 million.

Derivative Instruments, Gain (Loss)

(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:


	Three months ended March 31,
(in thousands)	2023		2022
Derivatives not designated as hedging instruments
Foreign currency options (gains)/losses	$	16	$	(977)