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Derivative Instruments (Tables)
 12 Months Ended
Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Notional Amounts of Outstanding Derivative Positions
The Company had the following outstanding forward contracts (in thousands):
December 31, 2024December 31, 2023
CurrencyNotional ValueUSD EquivalentNotional ValueUSD Equivalent
Derivatives Not Designated as Hedging Instruments:
Singapore Dollar40,000 $29,457 39,700 $30,136 
Euro25,000 26,029 40,000 44,302 
Chinese Renminbi95,000 12,990 50,000 7,025 
Mexican Peso220,000 10,701 145,000 8,505 
Hungarian Forint2,360,000 5,951 2,240,000 6,466 
British Pound3,200 4,008 3,345 4,258 
Japanese Yen2,000,000 3,750 600,000 4,255 
Swiss Franc2,200 2,432 — — 
Canadian Dollar2,000 1,390 1,470 1,112 
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
Information regarding the fair value of the outstanding forward contracts was as follows (in thousands):
 Asset DerivativesLiability Derivatives
Balance
Sheet Location		Fair ValueBalance
Sheet Location		Fair Value
December 31, 2024December 31, 2023December 31, 2024December 31, 2023
Derivatives Not Designated as Hedging Instruments:
Economic hedge forward contractsPrepaid expenses and other current assets$324 $151 Accrued expenses$211 $106 
Offsetting Assets
The following table summarizes the gross activity for all derivative assets and liabilities which were presented on a net basis on the Consolidated Balance Sheets due to the right of offset with each counterparty (in thousands):
Asset DerivativesLiability Derivatives
December 31, 2024December 31, 2023December 31, 2024December 31, 2023
Gross amounts of recognized assets$324 $151 Gross amounts of recognized liabilities$211 $106 
Gross amounts offset— — Gross amounts offset— — 
Net amount of assets presented$324 $151 Net amount of liabilities presented$211 $106 
Derivative Instruments, Gain (Loss)
Information regarding the effect of derivative instruments, net of the underlying exposure, on the consolidated financial statements was as follows (in thousands):
 Location in Financial StatementsYear Ended December 31,
202420232022
Derivatives Not Designated as Hedging Instruments:
Gains (losses) recognized in current operationsForeign currency gain (loss)$1,945 $(10,023)$9,823