Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Information Related to Number of Instruments and Notional Amounts of Cross Currency Swaps

The table below sets forth the number of instruments and the notional amounts of the Company's cross currency swaps at December 31, 2022 and December 31, 2021:

	Number of Instruments				Notional Amount
	2022		2021		2022		2021
Cross currency swaps		2		2		160,000		160,000

Summary of Fair Value of Interest Rate Related Derivative Financial Instruments and Their Classification on Consolidated Balance Sheets

The table below sets forth the fair value of the Company’s interest rate related derivative financial instruments as well as their classification on the Consolidated Balance Sheets as of December 31, 2022 and December 31, 2021:

	Fair Value
	Other Current Assets				Other Assets				Other Liabilities
	2022		2021		2022		2021		2022		2021
Currency swaps	$	-	$	-	$	1,427	$	-	$	6,314	$	1,330

Summary of Effect of Derivative Financial Instruments on Consolidated Statements of Income

The tables below sets forth the effect of the Company’s derivative financial instruments on the Consolidated Statements of Income for the twelve months ended December 31 2022, 2021 and 2020:

Derivative Instruments	Amount of Gain or (Loss) Recognized in OCI on Derivative								Location of Gain or (Loss) Reclassified from OCI into	Amount of Gain or (Loss) Reclassified from Accumulated OCI into Net Income								Location of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion Excluded from	Amount of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing)
Designated as	December 31,								Accumulated	December 31,								Effectiveness	December 31,
Hedging Instruments	2022		2021			2020			Income	2022		2021			2020			Testing)	2022		2021		2020
Interest rate swaps and collars	$	-	$	(13	)	$	(1,581	)	Interest expense	$	-	$	(555	)	$	(445	)	N/A	$	-	$	-	$	-
Cross currency swaps		5,383		989			(2,305	)	N/A		-		-			-		Interest income		2,308		2,469		-