DERIVATIVES (Tables)

12 Months Ended

Dec. 31, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Values of Derivative Financial Instruments Included in Unaudited Condensed Consolidated Balance Sheets

The fair values of the Company’s derivative financial instruments included in the consolidated balance sheets are presented as follows (in thousands):

		December 31,
Derivatives designated as hedging instruments	Balance Sheet Location	2023		2022
Interest rate swaps	Prepaid expenses and other current assets	$	—	$	122
Foreign exchange contracts	Prepaid expenses and other current assets	56		—
	Accrued expenses	144		260

		December 31,
Derivatives not designated as hedging instruments	Balance Sheet Location	2023		2022
Interest rate swaps	Other assets	$	793	$	1,292

Gains and Losses Related to Derivative Financial Instruments Not Designated as Hedging Instruments

The amounts of the (losses) and gains, realized and unrealized, net of taxes, related to the Company’s derivative financial instruments designated as hedging instruments are recognized in other comprehensive income (loss) as follows (in thousands):

	Year ended December 31,
Derivatives designated as hedging instruments	2023		2022		2021
Interest rate swaps	$	(93)	$	523	$	718
Foreign exchange contracts	(964)		322		485
Total	$	(1,057)	$	845	$	1,203

Derivatives Not Designated as Hedging Instruments

The amounts of the gains and losses related to the Company’s derivative financial instruments not designated as hedging instruments are recognized in earnings as follows (in thousands):

		Year Ended December 31,
Derivatives not designated as hedging instruments	Location of Gain or (Loss)	2023		2022		2021
Interest rate swaps	Mark to market gain (loss) on interest rate derivatives	$	(499)	$	1,971	$	1,062
	Interest expense	802		(55)		(458)
		$	303	$	1,916	$	604