Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Location and Fair Values of Derivative Instruments

The location and fair values of derivative instruments designated as hedging instruments in the Condensed Consolidated Balance Sheets as of March 31, 2023, are shown in the following table:

	As of
	March 31,			December 31,
	2023			2022
Interest rate swaps reported in Other current assets	$	1,451		$	1,561
Interest rate swaps reported in Other assets	$	827		$	1,434
Cross-currency swap reported in Accrued expenses and other liabilities	$	(649	)	$	(357	)
Foreign currency hedges reported in Other current assets	$	1,952		$	945

Schedule of Effect of Derivative Instruments on Consolidated Statements of Earnings

The effect of derivative instruments on the Condensed Consolidated Statements of Earnings is as follows:

	Three Months Ended
	March 31,			March 31,
	2023			2022
Foreign Exchange Contracts:
Amounts reclassified from AOCI to earnings:
Net sales	$	(34	)	$	—
Cost of goods sold		255			146
Total net gain reclassified from AOCI to earnings		221			146
Total derivative gain on foreign exchange contracts recognized in earnings	$	221		$	146
Interest Rate Swaps:
Income recorded in Interest expense	$	377		$	171
Cross-Currency Swap:
Income recorded in Interest expense	$	158		$	—
Total net gains on derivatives	$	756		$	317