Quarterly report [Sections 13 or 15(d)]

STOCKHOLDERS' EQUITY

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STOCKHOLDERS' EQUITY
 9 Months Ended
Sep. 30, 2025
Equity [Abstract]  
STOCKHOLDERS' EQUITY STOCKHOLDERS’ EQUITY
Share Repurchases
On February 26, 2025, the Company announced that its Board of Directors approved a new $125.0 million stock repurchase program. Purchases of the Company’s common stock under the stock repurchase program may be made in the open market, including pursuant to a Rule 10b5-1 program, by block repurchases, in private transactions (including with related parties) or otherwise, from time to time, depending on market conditions. The stock repurchase program has no expiration date and may be suspended or discontinued at any time without notice, subject to any changes in applicable law or regulations thereunder.
During the three months ended September 30, 2025, the Company repurchased 4,125 shares of common stock in open market transactions for gross consideration of $0.1 million, which represents an average cost per share of $32.94. During the nine months ended September 30, 2025, the Company repurchased 123,966 shares of common stock in open market transactions for gross consideration of $4.0 million, which represents an average cost per share of $32.43. As of September 30, 2025, $121.0 million remained available of the $125.0 million stock repurchase program authorized in February 2025.
Accumulated Other Comprehensive Income (Loss)
The following table shows the changes in balances for accumulated other comprehensive income (loss), net of tax (in thousands):
  Currency Translation Adjustments
Pension Liability Adjustments(1)
Unrealized gain (loss) on cash flow hedges(2)
Total
Balance as of December 31, 2024 $ (49,903) $ (43,367) $ (399) $ (93,669)
Other comprehensive income 11,119  —  611  11,730 
Reclassified from accumulated other comprehensive loss —  4  (93) (89)
Income tax expense —  —  (48) (48)
Net current period other comprehensive income 11,119  4  470  11,593 
Foreign exchange rate impact 1,328  (1,328) —  — 
Balance as of March 31, 2025
 $ (37,456) $ (44,691) $ 71  $ (82,076)
Other comprehensive income (loss) 22,972  —  (1,524) 21,448 
Reclassified from accumulated other comprehensive loss —  5  444  449 
Income tax benefit —  —  311  311 
Net current period other comprehensive income (loss) 22,972  5  (769) 22,208 
Foreign exchange rate impact 2,756  (2,756) —  — 
Balance as of June 30, 2025
 $ (11,728) $ (47,442) $ (698) $ (59,868)
Other comprehensive income (loss) (4,951) —  71  (4,880)
Reclassified from accumulated other comprehensive loss —  6  516  522 
Income tax expense —  —  (173) (173)
Net current period other comprehensive income (loss) (4,951) 6  414  (4,531)
Foreign exchange rate impact (834) 834  —  — 
Balance as of September 30, 2025
 $ (17,513) $ (46,602) $ (284) $ (64,399)
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(1)Reclassification of amounts related to pension liability adjustments included as a component of net periodic pension cost.
(2)Reclassification of amounts related to cash flow hedges included as operating expenses.