Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 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 Consolidated Balance Sheets as of December 31, 2023, are shown in the following table:

	As of December 31,
	2023			2022
Interest rate swaps reported in Other current assets	$	1,121		$	1,561
Interest rate swaps reported in Other assets	$	706		$	1,434
Cross-currency swap reported in Accrued expenses and other liabilities	$	(747	)	$	(357	)
Foreign currency hedges reported in Other current assets	$	1,087		$	945

Schedule of Effect of Derivative Instruments on Consolidated Statements of Earnings (Loss)

The effect of derivative instruments on the Consolidated Statements of Earnings (Loss) is as follows:

	Years Ended December 31,
	2023			2022		2021
Foreign Exchange Contracts:
Amounts reclassified from AOCI to earnings:
Net sales	$	(130	)	$	—	$	—
Cost of goods sold		2,795			924		1,384
Selling, general and administrative expense		—			—		—
Total amounts reclassified from AOCI to earnings		2,665			924		1,384
Gain recognized in other expense for hedge ineffectiveness		—			—		—
Total derivative gains on foreign exchange contracts    recognized in earnings	$	2,665		$	924	$	1,384
Interest Rate Swaps:
Income (Expense) recorded in interest expense	$	1,789		$	77	$	(744	)
Cross-Currency Swaps:
Income recorded in interest expense	$	515			461		—
Total gains on derivatives	$	4,969		$	1,462	$	640