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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)
12 Months Ended
Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of fair value of derivative instruments in the Consolidated Balance Sheets
Fair Value of Derivative Instruments in the Consolidated Balance Sheets as of
December 31, 2024 and December 31, 2023
December 31, 2024December 31, 2023
Balance Sheet
Location
Derivatives
Designated
as Hedging
Instruments
Derivatives
not
Designated
as Hedging
Instruments
Derivatives
Designated
as Hedging
Instruments
Derivatives
not
Designated
as Hedging
Instruments
Derivative Assets
Foreign Exchange ContractsPrepaid and other$— $572 $— $386 
$ $572 $— $386 
Derivative Liabilities
Foreign Exchange ContractsAccounts payable, accrued and other liabilities$ $622 $— $221 
Cross Currency Swap Contract (1)Accounts payable, accrued and other liabilities11,851  22,199 — 
$11,851 $622 $22,199 $221 
(1)This cross currency swap contract is composed of both an interest component and a foreign exchange component.
Schedule of effect of derivatives designated as hedging instruments on Accumulated Other Comprehensive Income (Loss)
The Effect of Derivatives Designated as Hedging Instruments on Accumulated Other Comprehensive Income (Loss) for the
Fiscal Years Ended December 31, 2024 and December 31, 2023
Derivatives in Cash
Flow Hedging
Relationships
Amount of Gain (Loss)
Recognized in
Other Comprehensive
Income on Derivative
Location of (Loss)
Gain Recognized
in Income on
Derivatives
Amount of Gain (Loss)
Reclassified from
Accumulated
Other Comprehensive
Income on Derivative
Total Amount
of Affected
Income
Statement
Line Item
2024202320242023
Cross currency swap contract:
Foreign exchange component$7,813 $(10,086)Miscellaneous, net$ $— $3,265 
$7,813 $(10,086)$ $— 
Schedule of effect of derivatives not designated as hedging instruments on the Consolidated Statements of Income
The Effect of Derivatives Not Designated as Hedging Instruments on the Consolidated Statements of Income for the Fiscal Years Ended December 31, 2024 and December 31, 2023
Derivatives Not Designated
as Hedging Instruments
Location of (Loss) Gain Recognized
in Income on Derivatives
Amount of (Loss) Gain
Recognized in Income
on Derivatives
20242023
Foreign Exchange ContractsOther (Expense) Income:
Miscellaneous, net
$(190)$(668)
$(190)$(668)
Schedule of offsetting derivative assets and liabilities
Gross Amounts
Offset in the
Statement of
Financial Position
Net Amounts
Presented in
the Statement of
Financial Position
Gross Amounts not Offset
in the Statement of
Financial Position
Gross
Amount
Financial
Instruments
Cash Collateral
Received
Net
Amount
Description
December 31, 2024
Derivative Assets$572 $ $572 $ $ $572 
Total Assets$572 $ $572 $ $ $572 
Derivative Liabilities$12,473 $ $12,473 $ $ $12,473 
Total Liabilities$12,473 $ $12,473 $ $ $12,473 
December 31, 2023
Derivative Assets$386 $— $386 $— $— $386 
Total Assets$386 $— $386 $— $— $386 
Derivative Liabilities$22,420 $— $22,420 $— $— $22,420 
Total Liabilities$22,420 $— $22,420 $— $— $22,420