Quarterly report [Sections 13 or 15(d)]

DERIVATIVE FINANCIAL INSTRUMENTS

v3.26.1
DERIVATIVE FINANCIAL INSTRUMENTS
3 Months Ended
Mar. 31, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
DERIVATIVE FINANCIAL INSTRUMENTS DERIVATIVE FINANCIAL INSTRUMENTS
The Company may use foreign exchange options or forward contracts to hedge a portion of its forecasted foreign currency denominated transactions. The Company does not use any of its derivative instruments for speculative or trading purposes.
These foreign exchange hedge contracts are accounted for as cash flow hedges and have maturities of up to approximately three months. As of March 31, 2026 and December 31, 2025, the fair value of the Company’s outstanding hedges were an approximately $0.2 million asset and $0.2 million liability, respectively.