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DERIVATIVES (Tables)
12 Months Ended
Dec. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value The fair value of derivative instruments on a gross basis is as follows (in thousands):

Fair Value of Derivative Instruments Designated as Hedging Instruments

 

Balance Sheet Location

  ​ ​ ​

December 31, 2025

  ​ ​ ​

December 31, 2024

Assets

 

  ​

 

  ​

 

  ​

Foreign currency forward contracts

 

Prepaid expenses and other assets

$

3,555

$

3,771

Foreign currency forward contracts

 

Other assets (long-term)

663

 

1,064

(Liabilities)

 

  ​

 

  ​

 

  ​

Foreign currency forward contracts

 

Accrued expenses

 

(2,183)

 

(1,332)

Foreign currency forward contracts

 

Other long-term obligations

 

(424)

 

(287)

Fair Value of Derivative Instruments Not Designated as Hedging Instruments

 

Balance Sheet Location

  ​ ​ ​

December 31, 2025

  ​ ​ ​

December 31, 2024

Assets

 

  ​

 

  ​

 

  ​

Foreign currency forward contracts

 

Prepaid expenses and other assets

$

1,390

$

2,595

(Liabilities)

 

  ​

 

  ​

 

  ​

Foreign currency forward contracts

 

Accrued expenses

 

(1,620)

 

(1,288)

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)

Derivative instruments designated as cash flow hedges had the following effects, before income taxes, on other comprehensive income ("OCI") in our consolidated statements of comprehensive income and consolidated balance sheets (in thousands):

Amount of Gain/(Loss)

Recognized in OCI

Derivative instrument

  ​ ​ ​

2025

 

2024

  ​ ​ ​

2023

Interest rate swap

$

$

152

$

609

Foreign currency forward contracts

 

48

 

5,732

 

3,909

Derivative instruments designated as cash flow hedges had the following effects, before income taxes, on AOCI and net earnings in our consolidated statements of income, consolidated statements of comprehensive income and consolidated balance sheets (in thousands):

Consolidated Statements

Amount of Gain/(Loss)

of Income

Reclassified from AOCI

Location in statements of income

  ​ ​ ​

2025

 

2024

2023

  ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2023

Interest expense

$

(26,461)

$

(31,219)

$

(15,511)

$

 

$

1,656

 

$

2,550

Revenue

 

1,515,906

 

1,356,514

 

1,257,366

 

1,176

 

2,140

 

4,081

Cost of sales

 

(777,636)

 

(713,181)

 

(673,494)

 

151

 

644

 

1,457

Derivative Instruments, Gain (Loss)

The following gains/(losses) from these derivative instruments were recognized in our consolidated statements of income for the years presented (in thousands):

Derivative Instrument

 

Location in statements of income

2025

  ​ ​ ​

2024

  ​ ​ ​

2023

Foreign currency forward contracts

 

Other income (expense) — net

$

(103)

$

1,961

$

2,004