Financial Derivatives (Tables)

6 Months Ended

Jun. 30, 2021

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Deferred Gains (Losses) and Related Taxes on Cash Flow Hedges

The deferred gains (losses) and related taxes on the Company’s cash flow hedges recorded in “Accumulated other comprehensive income (loss)” (“AOCI”) in the accompanying Condensed Consolidated Balance Sheets were as follows (in thousands):

	June 30, 2021			December 31, 2020
Deferred gains (losses) in AOCI	$	(1,017	)	$	(2,188	)
Tax on deferred gains (losses) in AOCI		3			(3	)
Deferred gains (losses) in AOCI, net of taxes	$	(1,014	)	$	(2,191	)
Deferred gains (losses) expected to be reclassified to "Revenues"    from AOCI during the next twelve months	$	(869	)

Outstanding Foreign Currency Forward Contracts and Options

The Company had the following outstanding foreign currency forward contracts and options (in thousands):

	June 30, 2021			December 31, 2020
Contract Type	Notional Amount in USD		Settle Through Date	Notional Amount in USD		Settle Through Date
Cash flow hedges:
Options:
US Dollars/Philippine Pesos	$	40,000	April 2022	$	12,000	June 2021
Forwards:
US Dollars/Philippine Pesos	$	2,000	August 2021		—		—
US Dollars/Costa Rican Colones		34,000	August 2022		36,000	December 2021
Euros/Hungarian Forints		1,138	December 2021		—		—
Euros/Romanian Leis		7,514	December 2021		—		—
Non-designated hedges:
Forwards	$	8,693	November 2021	$	12,439	November 2021

Derivative Instruments Fair Value

The following tables present the fair value of the Company’s derivative instruments included in the accompanying Condensed Consolidated Balance Sheets (in thousands):

		Derivative Assets
	Balance Sheet Location	June 30, 2021		December 31, 2020
Derivatives designated as cash    flow hedging instruments:
Foreign currency contracts	Other current assets	$	341	$	154
Derivatives not designated as    hedging instruments:
Foreign currency contracts	Other current assets		276		183
Total derivative assets		$	617	$	337
		Derivative Liabilities
	Balance Sheet Location	June 30, 2021		December 31, 2020
Derivatives designated as cash    flow hedging instruments:
Foreign currency contracts	Other accrued expenses and current liabilities	$	905	$	2,253
Foreign currency contracts	Other long-term liabilities		148		—
			1,053		2,253
Derivatives not designated as    hedging instruments:
Foreign currency contracts	Other accrued expenses and current liabilities		23		225
Total derivative liabilities		$	1,076	$	2,478

Effect of the Company's Derivative Instruments

The following table presents the effect of the Company’s derivative instruments included in the accompanying condensed consolidated financial statements (in thousands):

	Location of Gains (Losses) in	Three Months Ended June 30,						Six Months Ended June 30,
	Net Income	2021			2020			2021			2020
Revenues		$	448,885		$	416,833		$	906,771		$	827,999
Derivatives designated as cash    flow hedging instruments:
Gains (losses) recognized in AOCI:
Foreign currency contracts		$	(504	)	$	1,179			(296	)		868
Gains (losses) reclassified from AOCI:
Foreign currency contracts	Revenues	$	(676	)	$	1,438			(1,433	)		2,364
Derivatives not designated as    hedging instruments:
Gains (losses) recognized from foreign       currency contracts	Other income (expense), net	$	(42	)	$	(164	)	$	(7	)	$	(410	)