Fair-Value Measurements (Tables)

6 Months Ended

Jun. 30, 2023

Fair Value Disclosures [Abstract]

Summary of 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:

	June 30, 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	$	12,212	$	—	$	6,533	$	—
Other Assets:
Common stock of unaffiliated foreign public company (a)	565		—		602		—
Interest rate swaps	$	—	$	20,303	$	—	$	23,605

(a)Original cost basis $0.5 million.

Summary of 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 June 30,				Six months ended June 30,
(in thousands)	2023		2022		2023		2022
Derivatives not designated as hedging instruments:
Foreign currency options (gains)/losses	$	(138)	$	596	$	(123)	$	(381)