Hedging Transactions and Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Notional Amounts of Outstanding Derivative Positions

As of September 30, 2023, the notional values of the remaining foreign currency forward contracts were as follows:

Notional Values of Foreign Currency Derivatives
USD/CNH	$	18,999,562
EUR/USD	€	10,440,705
KRW/USD	₩	3,994,650,000
JPY/EUR	¥	50,000,000

As of September 30, 2023, the volume of our copper contracts outstanding was as follows:

Volume of Copper Derivatives
October 2023 - December 2023	69 metric tons per month
January 2024 - March 2024	69 metric tons per month
April 2024 - June 2024	69 metric tons per month
July 2024 - September 2024	69 metric tons per month

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance

The impacts from our derivative instruments on the statement of operations and statements of comprehensive income (loss) were as follows:

		Three Months Ended				Nine Months Ended
(Dollars in thousands)	Financial Statement Line Item	September 30, 2023		September 30, 2022		September 30, 2023		September 30, 2022
Foreign Currency Contracts
Contracts not designated as hedging instruments	Other income (expense), net	$	268	$	(101)	$	1,103	$	(1,019)
Copper Derivative Contracts
Contracts not designated as hedging instruments	Other income (expense), net	$	(182)	$	(171)	$	(602)	$	(969)