Fair Value and Equity Investments (Tables)

3 Months Ended

Mar. 31, 2023

Fair Value and Equity Investments [Abstract]

Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following tables present the fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis (U.S. dollars in thousands):

	Fair Value at March 31, 2023
	Level 1		Level 2		Level 3			Total
Financial assets (liabilities):
Cash equivalents and current investments	$	46,632	$	—	$	—		$	46,632
Derivative financial instruments asset		—		16,731		—			16,731
Life insurance contracts		—		—		42,053			42,053
Contingent consideration		—		—		(6,271	)		(6,271	)
Total	$	46,632	$	16,731	$	35,782		$	99,145

	Fair Value at December 31, 2022
	Level 1		Level 2		Level 3			Total
Financial assets (liabilities):
Cash equivalents and current investments	$	55,356	$	—	$	—		$	55,356
Derivative financial instruments asset		—		19,738		—			19,738
Life insurance contracts		—		—		40,055			40,055
Contingent consideration		—		—		(6,364	)		(6,364	)
Total	$	55,356	$	19,738	$	33,691		$	108,785

Changes in Fair Value of Level 3 Life Insurance Contracts

The following table provides a summary of changes in fair value of the Company’s Level 3 life insurance contracts (U.S. dollars in thousands):

	2023		2022
Beginning balance at January 1	$	40,055	$	49,851
Actual return on plan assets		1,998		(3,401	)
Ending balance at March 31	$	42,053	$	46,450

Changes in Fair Value of Level 3 Contingent Consideration

The following table provides a summary of changes in fair value of the Company’s Level 3 contingent consideration (U.S. dollars in thousands):

	2023			2022
Beginning balance at January 1	$	(6,364	)	$	(10,341	)
Changes in fair value of contingent consideration		93			115
Ending balance at March 31	$	(6,271	)	$	(10,226	)