Fair-Value Measurements (Tables)

12 Months Ended

Dec. 31, 2023

Fair Value Disclosures [Abstract]

Schedule of Fair Value of Financial Assets and Liabilities

The following table presents the fair-value hierarchy for our Level 1 and Level 2 financial and non-financial assets and liabilities, which are measured at fair value on a recurring basis:

	December 31, 2023				December 31, 2022
(in thousands)	Quoted prices in active markets (Level 1)		Significant other observable inputs (Level 2)		Quoted prices in active markets (Level 1)		Significant other observable inputs (Level 2)
Fair Value
Assets:
Cash equivalents	$	27,157	$	—	$	6,533	$	—
Foreign currency option contracts			$	1,725			—
Foreign currency forward contracts			199				—
Other Assets:
Common stock of unaffiliated foreign public company (a)	682		—		602		—
Interest rate swaps	—		12,214		—		23,605

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(a)Original cost basis $0.5 million

Schedule of /Gains on Changes in Fair Value of Derivative Instruments

(Gains)/losses related to changes in fair value of derivative instruments that were recognized in Other (income)/expense, net in the Consolidated Statements of Income were as follows:

(in thousands)	2023		2022		2021
Derivatives not designated as hedging
instruments:
Foreign currency options (gains)/losses	$	(351)	$	(509)	$	169