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DERIVATIVE INSTRUMENTS AND HEDGING STRATEGIES (Tables)
12 Months Ended
Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Aggregate Notional Amounts Outstanding
The following table summarizes the aggregate notional amounts for the Company’s derivatives outstanding as of the periods presented.
Forward ContractsDecember 31, 2024December 31, 2023
Derivatives designated as hedging instruments:
Sell$1,371,816 $1,249,662 
Purchase$289,967 $198,408 
Derivatives not designated as hedging instruments:
Sell$344,101 $350,269 
Purchase$63,617 $90,102 
Schedule of Fair Value Carrying Amount of Derivative Instruments
The fair value carrying amounts of the Company’s derivatives, as classified within the fair value hierarchy, were as follows:
Balance Sheet LocationDecember 31, 2024December 31, 2023
Derivatives designated as hedging instruments:
Asset Derivatives - Level 2 (1)
Other current assets$60,192 $6,663 
Other assets14,514 1,855 
Subtotal$74,706 $8,518 
Liability Derivatives - Level 2 (1)
Accounts payable and accrued liabilities$12,381 $30,005 
Other long-term liabilities2,536 8,171 
Subtotal$14,917 $38,176 
Derivatives not designated as hedging instruments:
Asset Derivatives - Level 2 (1)
Other current assets$4,934 $547 
Liability Derivatives - Level 2 (1)
Accounts payable and accrued liabilities$675 $3,848 
Total Derivatives Assets$79,640 $9,065 
Total Derivatives Liabilities$15,592 $42,024 
(1)    Refer to Note 1 to these Consolidated Financial Statements for additional information related to the Company’s fair value measurements.
Schedule of Impact of Gains and Losses from Consolidated Statements of Income
The following tables summarize the impact of gains and losses from the Company's derivatives on its Consolidated Statements of Income for the periods presented.
Years Ended December 31,
20242023
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 $14,708 $(186)
Operating expenses $164 $350 
Derivatives Not Designated as Hedging InstrumentsGains (Losses) Recognized in EarningsGains (Losses) Recognized in Earnings
Operating expenses$33,966 $(8,808)