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Fair-Value Measurements (Tables)
12 Months Ended
Dec. 31, 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:
December 31, 2025December 31, 2024
(in thousands)
Quoted prices in active markets
(Level 1)
Significant other observable inputs
(Level 2)
Quoted prices in active markets
(Level 1)
Significant other observable inputs
(Level 2)
Fair Value
Assets:
Cash equivalents$10,584 $ $11,273 $— 
Foreign currency option contracts
 — 
Foreign currency forward contracts
 — 
Other Assets:
Common stock of unaffiliated foreign public company (a)
1,098  631 — 
Interest rate swaps 768 — 149 
Liabilities:
Other Non-Current Liabilities
Interest rate swaps
  — (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:
(in thousands)
2025
2024
2023
Derivatives not designated as hedging
instruments:
Foreign currency hedging (gains)/losses
$(3,735)$3,459 $(351)