| Schedule of Derivative Instruments |
The following table presents the fair value of outstanding derivatives on an individual contract basis:
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Fair Value of Derivatives
with Unrealized Gains |
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Fair Value of Derivatives
with Unrealized Losses |
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September |
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December |
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September |
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September |
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December |
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September |
| (In thousands) |
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2025 |
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2024 |
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2024 |
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2025 |
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2024 |
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2024 |
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| Derivatives designated as hedging instruments: |
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| Foreign currency exchange contracts |
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$ |
8,854 |
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$ |
7,720 |
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$ |
627 |
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$ |
(9,580) |
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$ |
(11,620) |
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$ |
(12,987) |
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| Interest rate swap agreements |
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1,081 |
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5,390 |
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— |
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— |
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— |
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(203) |
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| Derivatives not designated as hedging instruments: |
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| Foreign currency exchange contracts |
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31 |
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— |
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— |
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— |
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— |
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(37) |
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| Total derivatives |
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$ |
9,966
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$ |
13,110
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$ |
627
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$ |
(9,580) |
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$ |
(11,620) |
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$ |
(13,227) |
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The following table presents a reconciliation of gross to net amounts for derivative asset and liability balances:
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September 2025 |
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December 2024 |
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September 2024 |
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| (In thousands) |
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Derivative Asset |
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Derivative Liability |
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Derivative Asset |
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Derivative Liability |
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Derivative Asset |
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Derivative Liability |
| Gross amounts presented in the balance sheet |
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$ |
9,966 |
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$ |
(9,580) |
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$ |
13,110 |
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$ |
(11,620) |
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$ |
627 |
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$ |
(13,227) |
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| Gross amounts not offset in the balance sheet |
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(2,523) |
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2,523 |
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(3,468) |
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3,468 |
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(627) |
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627 |
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| Net amounts |
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$ |
7,443
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$ |
(7,057) |
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$ |
9,642
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$ |
(8,152) |
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$ |
—
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$ |
(12,600) |
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The following table presents the location of derivatives in the Company's balance sheets, with current or noncurrent classification based on maturity dates:
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| (In thousands) |
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September 2025 |
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December 2024 |
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September 2024 |
| Prepaid expenses and other current assets |
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$ |
6,032 |
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$ |
5,845 |
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$ |
556 |
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| Accrued and other current liabilities |
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(7,791) |
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(10,659) |
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(10,686) |
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| Other assets |
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3,934 |
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7,265 |
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71 |
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| Other liabilities |
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(1,789) |
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(961) |
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(2,541) |
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| Schedule of Pre-Tax Effects of Cash Flow Hedges Included in the Statement of Operations and Statements of Comprehensive Income (Loss) |
The following tables present the pre-tax effects of cash flow hedges included in the Company's statements of operations and statements of comprehensive income:
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Gain (Loss) on Derivatives Recognized in AOCL |
| (In thousands) |
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Three Months Ended September |
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Nine Months Ended September |
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| Cash Flow Hedging Relationships |
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2025 |
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2024 |
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2025 |
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2024 |
| Foreign currency exchange contracts |
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$ |
7,303 |
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$ |
(12,592) |
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$ |
383 |
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$ |
(13,780) |
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| Interest rate swap agreements |
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519 |
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(128) |
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(1,584) |
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(81) |
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| Total |
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$ |
7,822
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$ |
(12,720) |
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$ |
(1,201) |
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$ |
(13,861) |
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Gain (Loss) Reclassified from AOCL into Income |
| (In thousands) |
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Three Months Ended September |
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Nine Months Ended September |
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| Location of Gain (Loss) |
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2025 |
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2024 |
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2025 |
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2024 |
| Net revenues |
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$ |
(49) |
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$ |
(402) |
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$ |
(1,037) |
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$ |
(1,564) |
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| Cost of goods sold |
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(1,051) |
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4,635 |
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(2,650) |
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16,216 |
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| Other (expense) income, net |
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(241) |
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71 |
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(9) |
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238 |
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| Interest expense |
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1,544 |
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75 |
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2,725 |
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3,375 |
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| Total |
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$ |
203
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$ |
4,379
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$ |
(971) |
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$ |
18,265
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| Schedule of Derivatives Not Designated as Hedging Instruments |
The following table presents a summary of derivatives not designated as hedges included in the Company's statements of operations:
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| (In thousands) |
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Location of Gain (Loss) on Derivatives Recognized in Income |
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Gain (Loss) on Derivatives Recognized in Income |
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| Derivatives Not Designated as Hedges |
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Three Months Ended September |
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Nine Months Ended September |
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2025 |
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2024 |
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2025 |
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2024 |
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| Foreign currency exchange contracts |
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Net revenues |
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$ |
139 |
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$ |
— |
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$ |
139 |
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$ |
— |
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| Foreign currency exchange contracts |
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Cost of goods sold |
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|
946 |
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(5) |
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875 |
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6 |
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| Foreign currency exchange contracts |
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Other (expense) income, net |
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— |
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(13) |
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24,106 |
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(9) |
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| Total |
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$ |
1,085
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$ |
(18) |
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$ |
25,120
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$ |
(3) |
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