Fair Value Measurement (Tables)

3 Months Ended

Mar. 31, 2023

Fair Value Disclosures [Abstract]

Summary of Fair Values of Our Derivative Assets and Liabilities

The fair values of our derivative assets and liabilities measured on a recurring basis are categorized as follows: 

	March 31, 2023								December 31, 2022
	Total		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3
Assets:
Foreign exchange contract	$	3,109	$	—	$	3,109	$	—	$	—	$	—	$	—	$	—
Interest rate swap agreement	$	954	$	—	$	954	$	—	$	1,849	$	—	$	1,849	$	—
Liabilities:
Foreign exchange contract	$	—	$	—	$	—	$	—	$	356	$	—	$	356	$	—

Summary of Notional Amount of Foreign Exchange Contracts

The following table summarizes the notional amount of our open foreign exchange contracts:

	March 31, 2023				December 31, 2022
	U.S. $ Equivalent		U.S. Equivalent Fair Value		U.S. $ Equivalent		U.S. Equivalent Fair Value
Commitments to buy or sell currencies	$	41,230	$	43,553	$	55,220	$	53,847

Summary of Fair Value and Presentation in Consolidated Balance Sheets for Derivatives none of which are Designated as Accounting Hedges

The following table summarizes the fair value and presentation of derivatives in the Condensed Consolidated Balance Sheets: 

	Derivative Asset
	Balance Sheet Location	Fair Value
		March 31, 2023		December 31, 2022
Foreign exchange contracts	Other current assets	$	3,109	$	—
Interest rate swap agreement	Other assets, net	$	954	$	1,849

	Derivative Liability
	Balance Sheet Location	Fair Value
		March 31, 2023		December 31, 2022
Foreign exchange contracts	Accrued liabilities and other	$	—	$	356

	Derivative Equity
	Balance Sheet Location	Fair Value
		March 31, 2023		December 31, 2022
Derivative instruments	Accumulated other comprehensive (loss) income	$	6,115	$	3,777

Summary of Effect of Derivative Instruments on Consolidated Statements of Operations for Derivatives not Designated as Hedging Instruments

The following table summarizes the effect of derivative instruments on the Condensed Consolidated Statements of Operations:

		Three Months Ended March 31,
		2023		2022
	Location of Gain (Loss) on Derivatives Recognized in Income	Amount of Gain (Loss) on Derivatives Recognized in Income
Foreign exchange contracts	Cost of revenues	$	451	$	456
Interest rate swap agreement	Interest expense	$	454	$	(193)
Foreign exchange contracts	Other (income) expense	$	469	$	(671)

Summary of Carrying Amounts and Fair Values of Our Long-Term Debt Obligations

The carrying amounts and fair values of our long-term debt obligations are as follows:

	March 31, 2023				December 31, 2022
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Term loan and security agreement 1	$	150,252	$	144,052	$	152,437	$	143,477
Revolving credit facility	$	11,000	$	11,000	$	—	$	—

1.Presented in the Condensed Consolidated Balance Sheets are the current portion of long-term debt of $12.0 million and long-term debt of $149.2 million as of March 31, 2023, and current portion of long-term debt of $10.9 million and long-term debt of $141.5 million as of December 31, 2022.