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Fair-Value Measurements (Tables)
9 Months Ended
Sep. 30, 2024
Fair Value Disclosures [Abstract]  
Schedule 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:
September 30, 2024December 31, 2023
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$13,401 $ $27,157 $— 
Foreign currency option contracts
  — 1,725 
Foreign currency forward contracts
  — 199 
Other Assets:
Common stock of unaffiliated foreign public company (a)693  682 — 
Interest rate swaps 1,722 — 12,214 
Liabilities
Foreign currency forward contracts
 (1,105)— — 
(a)Original cost basis $0.5 million.
Schedule of Derivative Instruments, Gain (Loss)
(Gains)/losses related to changes in fair value of derivative instruments that were recognized in Other (income)/expense, net in the Consolidated Statements of Income were as follows:
Three months ended September 30,Nine months ended September 30,
(in thousands)2024202320242023
Derivatives not designated as hedging instruments:
Foreign currency options (gains)/losses$(485)$704 $3,788 $581