DERIVATIVE INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2023

General Discussion of Derivative Instruments and Hedging Activities [Abstract]

Schedule of Notional and Fair Value Amounts of Outstanding Derivative Instruments

	Notional amount				Fair value (Level 2 within the fair value hierarchy)
	December 31,				December 31,
	2023		2022		2023		2022
Forward contracts
expenses NIS	107,940		111,253		253		(7,862)
expenses INR	62,023		46,406		147		(1,379)
expenses PHP	11,577		11,235		302		651
	$	181,540	$	168,894	$	702	$	(8,590)

Schedule of Fair Value of Derivative Instruments by Balance Sheet Location

The fair value of the Company's outstanding derivative instruments at December 31, 2023 and 2022 is summarized below:

		Fair value of derivative instruments
		December 31,
	Balance sheet line item	2023		2022
Derivative assets:
Foreign exchange forward contracts	Prepaid expenses and other current assets	$	702	$	651
Derivative liabilities:
Foreign exchange forward contracts	Accrued expenses and other liabilities	$	—	$	(9,241)

Schedule of Effect of Derivative Instruments in Cash Flow Hedging Relationship on Income and Other Comprehensive Income

The effect of derivative instruments in cash flow hedging relationship on income and other comprehensive income for the years ended December 31, 2023, 2022 and 2021 is summarized below:

	Amount of gain (loss) recognized in other comprehensive income on derivative, net of tax (effective portion)
	Year Ended December 31,
	2023		2022		2021
Derivatives in foreign exchange cash flow hedging relationships:
Forward contracts	$	(5,300)	$	(18,223)	$	4,993
Option contracts	—		—		31
	$	(5,300)	$	(18,223)	$	5,024

Derivatives in foreign exchange cash flow hedging relationships for the years ended December 31, 2023, 2022 and 2021 is summarized below:

		Amount of gain (loss) reclassified from other comprehensive income into income (expenses), net of tax (effective portion)
		Year Ended December 31,
	Statements of income line item	2023		2022		2021
Option contracts to hedge payroll and facility expenses	Cost of revenues and operating expenses	$	—	$	—	$	(771)
Forward contracts to hedge payroll and facility expenses	Cost of revenues, operating expenses and financial expenses	13,335		7,189		(5,157)
		$	13,335	$	7,189	$	(5,928)