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Derivatives (Tables)
3 Months Ended
Mar. 31, 2023
Derivatives  
Schedule of fair value of derivative instruments

Balance Sheet Location

Fair Value

    

    

2023

    

2022

Derivatives designated as hedging instruments:

 

  

 

  

 

  

Foreign currency forward contracts

 

Prepaid expenses and other current assets

$

58

$

-

Foreign currency forward contracts

 

Accrued expenses and other

$

-

$

365

Schedule of effects of foreign currency forward contracts designated as cash flow hedges

 

For the Three Months Ended

 

March 31, 

    

2023

    

2022

Net gain (loss) recognized in OCI(1)

$

242

$

(78)

Net (gain) loss reclassified from accumulated OCI into income(2)

$

181

$

83

Net gain recognized in income(3)

$

-

$

-

(1)Net change in fair value of the effective portion classified into other comprehensive income (“OCI”)
(2)Effective portion classified within direct operating costs.
(3)There were no ineffective portions for the period presented.