Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2025

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

The following table represents the Company's outstanding debt:

(in thousands, except interest rates)	September 30, 2025		December 31, 2024
Borrowings under the Amended Credit Agreement
USD borrowings	$	375,000	$	225,000
EUR borrowings	105,631		93,485
Foreign bank debt	—		46
Total bank debt	480,631		318,531
Less: Current maturities of long-term debt	—		—
Long-term debt	$	480,631	$	318,531

Schedule Interest Rate for Borrowings

The applicable interest rate for borrowings under the Amended Credit Agreement is based on both Term SOFR and EURIBOR plus a spread, which is based on our leverage ratio (as defined in the Amended Credit Agreement) at the time of a borrowing as follows:

Leverage Ratio	Commitment Fee	ABR Spread	Term Benchmark/ Daily Simple SOFR Spread
<1.00:1.00	0.275%	0.500%	1.500%
≥ 1.00:1.00 and < 2.00:1.00	0.300%	0.625%	1.625%
≥ 2.00:1.00 and < 3.00:1.00	0.325%	0.750%	1.750%
≥ 3.00:1.00	0.350%	1.000%	2.000%