Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2023

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, 2023 and December 31, 2022:

	Number of Instruments				Notional Amount
	2023		2022		2023		2022
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, 2023 and December 31, 2022:

	Fair Value
	Other Assets				Other Liabilities
	2023		2022		2023		2022
Cross currency swaps	$	-	$	1,427	$	6,936	$	6,314
Foreign-currency forward contracts		-		-		10,202		-

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 2023, 2022 and 2021:

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	2023			2022		2021			Income	2023		2022		2021			Testing)	2023		2022		2021
Interest rate swaps and collars	$	-		$	-	$	(13	)	Interest expense	$	-	$	-	$	(555	)	N/A	$	-	$	-	$	-
Cross currency swaps		(1,442	)		5,383		989		N/A		-		-		-		Interest income		1,653		2,308		2,469
Foreign-currency forward contracts		(10,202	)		-		-		N/A		-		-		-		Interest income		4,304		-		-

	Amount of Gain or (Loss) Recognized in Net Income
	December 31,
Derivative Instruments Not Designated as Hedging Instruments	2023			2022			2021		Location of Gain or (Loss) Recognized in Net Income
Foreign currency forward contracts	$	(5,364	)	$	(21,188	)	$	3,925	Foreign currency loss, net