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DERIVATIVE INSTRUMENTS AND HEDGING STRATEGIES (Tables)
 6 Months Ended
Jun. 30, 2020
Derivative [Line Items]  
Fair Value Carrying Amount of Derivatives
The fair value carrying amounts of the Company’s derivatives, as classified within the fair value hierarchy, were as follows:
Balance Sheet LocationJune 30, 2020December 31, 2019
Derivatives designated as hedging instruments:
Asset Derivatives - Level 2 (1)
Other current assets$23,701  $19,584  
Other assets12,620  13,539  
Subtotal$36,321  $33,123  
Liability Derivatives - Level 2 (1)
Accounts payable and accrued liabilities$7,392  $8,184  
Other long-term liabilities4,419  5,493  
Subtotal$11,811  $13,677  
Derivatives not designated as hedging instruments:
Asset Derivatives - Level 2 (1)
Other current assets$47  $469  
Liability Derivatives - Level 2 (1)
Accounts payable and accrued liabilities$43  $2,264  
Total Derivatives Assets$36,368  $33,592  
Total Derivatives Liabilities$11,854  $15,941  
(1)   For additional discussion of fair value measurements, see Note 3 – Summary of Significant Accounting Policies included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019.
Summary of Impact of Gains and Losses from Derivatives Designated as Hedging Instruments
The following tables summarize the impact of gains and losses from the Company's derivatives on its Condensed Consolidated Statements of Comprehensive Income (Loss) for the periods presented.

Three Months Ended
June 30, 2020June 30, 2019
Derivatives Designated as Cash Flow Hedging InstrumentsCash Flow Hedging Gains (Losses)
Reclassified into Earnings		Cash Flow Hedging Gains (Losses)
Reclassified into Earnings
Net product revenues as reported$419,032  $8,279  $379,075  $4,280  
Operating expenses as reported$470,430  $(1,786) $429,117  $(768) 
Derivatives Not Designated as Hedging InstrumentsGains (Losses) Recognized in EarningsGains (Losses) Recognized in Earnings
Operating Expenses$1,729  $(918) 

Six Months Ended
June 30, 2020June 30, 2019
Derivatives Designated as Cash Flow Hedging InstrumentsCash Flow Hedging Gains (Losses)
Reclassified into Earnings		Cash Flow Hedging Gains (Losses)
Reclassified into Earnings
Net product revenues as reported$908,075  $14,608  $773,558  $4,975  
Operating expenses as reported$867,538  $(3,459) $883,813  $(497) 
Derivatives Not Designated as Hedging InstrumentsGains (Losses) Recognized in EarningsGains (Losses) Recognized in Earnings
Operating Expenses$5,538  $(3,896) 
Derivatives Designated As Hedging Instruments  
Derivative [Line Items]  
Summary of Derivatives Designated as Hedging Instruments Outstanding
The following table summarizes the aggregate notional amounts for the Company’s derivatives designated as hedging instruments outstanding as of the periods presented.
Foreign Exchange ContractsJune 30, 2020December 31, 2019
Sell$739,340  $820,546  
Purchase$187,392  $212,348  
Not Designated as Hedging Instrument  
Derivative [Line Items]  
Summary of Derivatives Designated as Hedging Instruments Outstanding
The following table summarizes the aggregate notional amounts for the Company’s derivatives not designated as hedging instruments outstanding as of the periods presented.
Foreign Exchange ContractsJune 30, 2020December 31, 2019
Sell$36,111  $77,335  
Purchase$27,736  $30,818