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Derivative Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Values of Hedge Instruments on the Consolidated Balance Sheets
The fair value of hedge instruments recognized on the consolidated balance sheets was as follows:
(in thousands)December 31, 2022December 31, 2021
Balance Sheet LocationHedge Instrument Type
Prepaid and other assetsForeign exchange forward$7,393 $6,320 
Other assetsForeign exchange forward1,341 1,491 
Accrued expenses and other liabilitiesForeign exchange forward4,710 488 
Other noncurrent liabilitiesForeign exchange forward344 — 
Schedule of Hedge Instruments Included in Accumulated Other Comprehensive Loss
The hedge instrument gain (loss) recognized in accumulated other comprehensive loss, net of tax was as follows:
 Year ended December 31,
(in thousands)202220212020
Type of hedge
Foreign exchange forward$10,856 $10,057 $(4,591)
Interest rate swap — (8)(2,232)
 Total$10,856 $10,049 $(6,823)
Effect of Hedge Instruments in the Consolidated Statement of Operations The hedge instrument gain (loss) recognized on the consolidated statements of operations was as follows:
 Year ended December 31,
(in thousands)202220212020
Location of gain (loss) in consolidated statements of operations
Foreign exchange forward:
Cost of goods sold$9,840 $(3,422)$5,044 
Selling, general and administrative (1)(2)
2,991 1,686 (2,205)
Total $12,831 $(1,736)$2,839 
Interest Rate Swap:
Interest expense, net$— $(1,569)$(3,318)
Total$— $(1,569)$(3,318)
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(1)    Relates to net gains (losses) on foreign exchange forward contracts derived from previously designated cash flow hedges.
(2)    Selling, general and administrative expenses for the year ended December 31, 2020 excludes a net gain of $0.5 million reclassified out of accumulated other comprehensive loss, net of tax related to de-designated foreign exchange cash flow hedges deemed ineffective as a result of the COVID-19 pandemic.