Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Information Related to Recurring Fair Value Measurement of Derivative Financial Instruments in the Consolidated Balance Sheet

Information related to the recurring fair value measurement of derivative financial instruments in the consolidated balance sheet as of December 31, 2022 is as follows:

				Asset Derivatives			Liability Derivatives
	Fair Value Hierarchy	Notional Amount		Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value		Net Asset/ (Liabilities)
Derivatives Designated as Cash Flow Hedges
Foreign currency derivatives	Level 2	$	40,063	Other current assets	$	3,791	Other current liabilities	$	—	$	3,791
Derivatives Not Designated as Hedging Instruments
Interest rate contracts	Level 2	$	100,000	Other current assets	$	2,772	Other current liabilities	$	—	$	2,772

Information related to the recurring fair value measurement of derivative financial instruments in the consolidated balance sheet as of December 31, 2021 is as follows:

				Asset Derivatives			Liability Derivatives
	Fair Value Hierarchy	Notional Amount		Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value		Net Asset/ (Liabilities)
Derivatives Designated as Cash Flow Hedges
Foreign currency derivatives	Level 2	$	13,974	Other current assets	$	294	Other current liabilities	$	—	$	294
Commodity hedges	Level 2	$	309	Other current assets	$	6	Other current liabilities	$	—	$	6

Information Related to Effect of Derivative Instruments in the Consolidated Statements of Income

Information related to the effect of derivative instruments in the consolidated statements of income is as follows:

		Year Ended December 31,
	Location	2022			2021			2020
Derivatives Designated as Cash Flow Hedges
Foreign currency derivatives	Cost of sales – income	$	1,458		$	1,609		$	(1,629	)
	Other comprehensive (loss) income		3,496			(1,217	)		272
	Foreign currency loss		—			—			(118	)
Total foreign currency derivatives		$	4,954		$	392		$	(1,475	)
Commodity derivatives	Cost of sales – income	$	19		$	14		$	—
	Other comprehensive (loss) income		(6	)		6			—
Total commodity derivatives		$	13		$	20		$	—
Derivatives Not Designated as Hedging Instruments
Foreign currency derivatives	Foreign currency (loss) gain	$	(3,806	)	$	-		$	-
Total foreign currency derivatives		$	(3,806	)	$	-		$	-
Interest rate contracts	Interest income (expense), net	$	2,772		$	-		$	-
Total interest rate derivatives		$	2,772		$	-		$	-