XML 48 R37.htm IDEA: XBRL DOCUMENT v3.25.2
Derivative Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]
The following table presents the fair values of our derivative instruments included within the Condensed Consolidated Balance Sheets (in thousands):

Derivatives Designated as Cash Flow Hedging Instruments
Condensed Consolidated Balance Sheet LocationForeign Exchange ContractsInterest Rate SwapsGross Derivatives
As of June 30, 2025
Prepaid expenses and other current assets$3,434 $— $3,434 
Total assets$3,434 $— $3,434 
Accrued liabilities$2,971 $— $2,971 
Other long-term liabilities— 2,084 2,084 
Total liabilities$2,971 $2,084 $5,055 
As of December 31, 2024
Prepaid expenses and other current assets$6,716 $11,038 $17,754 
Other assets— 5,724 5,724 
Total assets$6,716 $16,762 $23,478 
Accrued liabilities$7,391 $— $7,391 
Total liabilities$7,391 $— $7,391 


We recognized the following (losses) gains on our derivative instruments designated as cash flow hedges in other comprehensive income before reclassifications to net income (loss) (in thousands):
(Losses) Gains Recognized in Other Comprehensive Income (Loss)
Three months ended
June 30,		Six months ended
June 30,
2025202420252024
Derivatives designated as cash flow hedging instruments:
Foreign exchange forward contracts$1,830 $(3,965)$1,656 $975 
Interest rate swaps(7,974)4,512 (12,065)17,905 
Total derivatives designated as cash flow hedging instruments$(6,144)$547 $(10,409)$18,880 
The following table presents the effects of our derivative instruments designated as cash flow hedges on the Condensed Consolidated Statements of Operations (in thousands):
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block]
Gains (Losses) Reclassified From Accumulated Other Comprehensive Income (Loss) into Income
Three months ended
June 30,		Six months ended
June 30,
Location of Gains (Losses) Recognized in Net Loss2025202420252024
Derivatives designated as cash flow hedging instruments:
Foreign exchange forward contractsTotal revenues$164 $633 $874 $1,333 
Foreign exchange forward contractsCost of goods sold(393)1,059 (1,407)2,339 
Interest rate swapsInterest expense3,316 7,291 7,072 15,255 
Total derivatives designated as cash flow hedging instruments$3,087 $8,983 $6,539 $18,927 
As of June 30, 2025, we expect an estimated $0.5 million in deferred gains on the outstanding foreign exchange contracts and an estimated $0.3 million in deferred losses on the interest rate swaps will be reclassified from accumulated other comprehensive loss to net income during the next 12 months concurrent with the underlying hedged transactions also being reported in net income.