DERIVATIVE INSTRUMENTS AND HEDGING STRATEGIES (Tables)

9 Months Ended

Sep. 30, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Aggregate Notional Amounts for the Derivatives Outstanding

The following table summarizes the aggregate notional amounts for the Company’s derivatives outstanding as of the periods presented.

Forward Contracts	September 30, 2023		December 31, 2022
Derivatives designated as hedging instruments:
Sell	$	988,286	$	808,635
Purchase	$	180,560	$	177,393
Derivatives not designated as hedging instruments:
Sell	$	301,825	$	218,903
Purchase	$	6,517	$	6,785

Schedule of Fair Value Carrying Amounts of Derivatives

The fair value carrying amounts of the Company’s derivatives, which are classified as Level 2 within the fair value hierarchy, were as follows:

Balance Sheet Location	September 30, 2023		December 31, 2022
Derivatives designated as hedging instruments:
Asset Derivatives
Other current assets	$	21,267	$	19,464
Other assets	7,620		2,059
Subtotal	$	28,887	$	21,523
Liability Derivatives
Accounts payable and accrued liabilities	$	9,918	$	12,130
Other long-term liabilities	3,623		1,074
Subtotal	$	13,541	$	13,204
Derivatives not designated as hedging instruments:
Asset Derivatives
Other current assets	$	5,210	$	1,472
Liability Derivatives
Accounts payable and accrued liabilities	$	666	$	471
Total Derivatives Assets	$	34,097	$	22,995
Total Derivatives Liabilities	$	14,207	$	13,675

Schedule 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 for the periods presented.

	Three Months Ended September 30,
	2023			2022
Derivatives Designated as Cash Flow Hedging Instruments		Cash Flow Hedging Gains (Losses) Reclassified into Earnings		Cash Flow Hedging Gains (Losses) Reclassified into Earnings
Net product revenues		$	(4,636)	$	15,280
Operating expenses		$	908	$	(3,936)
Derivatives Not Designated as Hedging Instruments		Gains (Losses) Recognized in Earnings		Gains (Losses) Recognized in Earnings
Operating expenses		$	6,559	$	6,572

	Nine Months Ended September 30,
	2023			2022
Derivatives Designated as Cash Flow Hedging Instruments		Cash Flow Hedging Gains (Losses) Reclassified into Earnings		Cash Flow Hedging Gains (Losses) Reclassified into Earnings
Net product revenues		$	(489)	$	26,779
Operating expenses		$	426	$	(7,115)
Derivatives Not Designated as Hedging Instruments		Gains (Losses) Recognized in Earnings		Gains (Losses) Recognized in Earnings
Operating expenses		$	3,165	$	12,812