Derivatives (Tables)

9 Months Ended

Sep. 30, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

The following table summarizes the fair value of derivative instruments in the accompanying condensed consolidated balance sheet:


		September 30, 2023				December 31, 2022
	Balance Sheet Location	Asset (Liability) (a)		Notional Amount (b)		Asset (Liability) (a)		Notional Amount
(In thousands)
Derivatives Designated as Hedging Instruments:
Derivative in an Asset Position:
2018 Swap Agreement	Other Current Assets	$	—	$	—	$	131	$	15,000
Derivatives in a Liability Position:
Forward currency-exchange contract	Other Current Liabilities	$	(65)	$	430	$	(54)	$	430

Derivatives Not Designated as Hedging Instruments:
Derivatives in an Asset Position:
Forward currency-exchange contracts	Other Current Assets	$	—	$	—	$	15	$	647
Derivatives in a Liability Position:
Forward currency-exchange contracts	Other Current Liabilities	$	(23)	$	801	$	—	$	—

(a) See Note 9, Fair Value Measurements and Fair Value of Financial Instruments, for the fair value measurements relating to these financial instruments.

(b) The 2023 notional amounts are indicative of the level of the Company's recurring derivative activity.

Activity in Accumulated Other Comprehensive Items (AOCI)

The following table summarizes the activity in AOCI associated with the Company's derivative instruments designated as cash flow hedges as of and for the nine months ended September 30, 2023:


(In thousands)	Interest Rate Swap Agreement		Forward Currency-Exchange Contract		Total
Unrealized Gain (Loss), Net of Tax, at December 31, 2022	$	99	$	(41)	$	58
Gain reclassified to earnings (a)	(99)		—		(99)
Loss recognized in AOCI	—		(8)		(8)
Unrealized Loss, Net of Tax, at September 30, 2023	$	—	$	(49)	$	(49)

(a) See Note 7, Accumulated Other Comprehensive Items, for the income statement classification.