Fair-Value Measurements (Tables)

6 Months Ended

Jun. 30, 2025

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:

	June 30, 2025				December 31, 2024
	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	$	14,725	$	—	$	11,273	$	—
Foreign currency option contracts	—		—		—		—
Foreign currency forward contracts	—		—		—		—
Other Assets:
Common stock of unaffiliated foreign public company (a)	731		—		631		—
Interest rate swaps	—				—		149
Liabilities:
Other Non-Current Liabilities
Foreign currency forward contracts	—		—		—		—
Interest rate swaps	—		(969)		—		(218)

(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 June 30,				Six months ended June 30,
(in thousands)	2025		2024		2025		2024
Derivatives not designated as hedging instruments:
Foreign currency options (gains)/losses	$	(735)	$	4,391	$	(3,261)	$	4,273