Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Notional Amounts of Outstanding Derivative Positions

As of March 31, 2024, the Company had open foreign exchange forward contracts with notional U.S. dollar values of the following:

Currency	March 31, 2024
Mexican Peso	$	41,000
Japanese Yen	7,200
Chinese Yuan	7,800
	$	56,000

Schedule of Balance Sheet Classification and Fair Values of Derivative Instruments

The balance sheet classification and fair values of the Company’s derivative instruments, which are Level 2 measurements, are as follows:

Derivatives instruments	Condensed Consolidated Balance Sheets Location	March 31, 2024		December 31, 2023
Interest rate swaps:	Other non-current assets	$	4,873	$	1,828
Foreign currency forward contracts:	Other accrued liabilities	—		159
	Prepaid expenses and other current assets	687		—

The following table presents the net unrealized loss deferred to AOCI:

Derivatives designated as cash flow hedges		March 31, 2024		December 31, 2023
Interest rate swaps	AOCI	$	3,752	$	1,407

The following table presents the location and the amount of net gain recognized in the Company’s Condensed Consolidated Statements of Operations related to derivative instruments for the three months ended March 31, 2024 and 2023:

Derivative instruments	Condensed Consolidated Statements of Operations Location	2024		2023
Interest rate swaps	Interest expense, net	$	1,286	$	—
Foreign exchange forward contracts	Other income, net	943		293
Total		$	2,229	$	293