Foreign Currency Exchange Contracts and Hedging |
12 Months Ended |
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Dec. 31, 2025 | |
| Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
| Foreign Currency Exchange Contracts and Hedging |
10. Foreign currency exchange contracts and hedging As of December 31, 2025, the Company’s total non-designated and designated derivative contracts had notional amounts totaling approximately $42,714 and $0, respectively. As of December 31, 2024, the Company’s total non-designated and designated derivative contracts had notional amounts totaling approximately $46,288 and $0, respectively. These contracts were comprised of offsetting contracts with the same counterparty, each expires within one to two months. During the years ended December 31, 2025, 2024 and 2023 these contracts had, net of tax, an unrealized gain or loss of $0. The nonperformance risk of the Company and the counterparty did not have a material impact on the fair value of the derivatives. During the years ended December 31, 2025, 2024 and 2023, there were no ineffective portions relating to these hedges and the hedges remained effective through their respective settlement dates. As of December 31, 2025, the Company had no designated hedges and four non-designed hedges. As of December 31, 2024, the Company had no designated hedges and five non-designated hedges. |
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- References No definition available.
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- Definition The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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