Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2024

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, 2024, are shown in the following table:

	As of
	March 31,			December 31,
	2024			2023
Interest rate swaps reported in Other current assets	$	1,193		$	1,121
Interest rate swaps reported in Other assets	$	1,128		$	706
Cross-currency swap reported in Accrued expenses and other liabilities	$	(289	)	$	(747	)
Foreign currency hedges reported in Other current assets	$	1,831		$	1,087

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,
	2024		2023
Foreign Exchange Contracts:
Amounts reclassified from AOCI to earnings:
Net sales	$	26	$	(34	)
Cost of goods sold		758		255
Total net gain reclassified from AOCI to earnings		784		221
Total derivative gain on foreign exchange contracts recognized in earnings	$	784	$	221
Interest Rate Swaps:
Income recorded in Interest expense	$	405	$	377
Cross-Currency Swap:
Income recorded in Interest expense	$	94	$	158
Total net gains on derivatives	$	1,283	$	756