Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2025

Summary of Financial Liabilities and Assets Measured at Fair Value on Recurring Basis

The table below summarizes the financial assets and liabilities that were measured at fair value on a recurring basis as of December 31, 2025 and the gain (loss) recorded during the year ended December 31, 2025:


	Asset (Liability) Carrying Value at December 31, 2025			Quoted Prices in Active Markets for Identical (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)			Gain (Loss) for Year Ended December 31, 2025
Interest rate swap	$	455		$	—	$	455		$	—		$	905
Foreign currency hedges	$	4,767		$	—	$	4,767		$	—		$	(704	)
Cross-currency swap	$	(786	)	$	—	$	(786	)	$	—		$	287
Qualified replacement plan assets	$	8,991		$	8,991	$	—		$	—		$	422
Contingent consideration	$	(3,453	)	$	—	$	—		$	(3,453	)	$	3,575

The table below summarizes the financial assets that were measured at fair value on a recurring basis as of December 31, 2024 and the gain recorded during the year ended December 31, 2024:


	Asset (Liability) Carrying Value at December 31, 2024			Quoted Prices in Active Markets for Identical (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)			Gain for Year Ended December 31, 2024
Interest rate swap	$	1,503		$	—	$	1,503		$	—		$	1,430
Foreign currency hedges	$	(2,992	)	$	—	$	(2,992	)	$	—		$	942
Cross-currency swap	$	324		$	—	$	324		$	—		$	358
Qualified replacement plan assets	$	11,380		$	11,380	$	—		$	—		$	644
Contingent consideration	$	(7,028	)	$	—	$	—		$	(7,028	)	$	1,765

Roll-forward of the Contingent Consideration

A roll-forward of the contingent consideration is as follows:


	Contingent
	Consideration
Balance at December 31, 2024	$	7,028
Change in fair value		(3,575	)
Balance at December 31, 2025	$	3,453

CTS CORP 10-K