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DERIVATIVE INSTRUMENTS AND HEDGING STRATEGIES (Tables)
6 Months Ended
Jun. 30, 2025
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 ContractsJune 30,
2025
December 31,
2024
Derivatives designated as hedging instruments:
Sell$1,217,994 $1,371,816 
Purchase$273,308 $289,967 
Derivatives not designated as hedging instruments:
Sell$421,451 $344,101 
Purchase$97,377 $63,617 
Schedule of Fair Value Carrying Amounts of Derivatives
The fair value of the Company’s derivatives, which are classified as Level 2 within the fair value hierarchy, were as follows:
Balance Sheet LocationJune 30,
2025
December 31,
2024
Derivatives designated as hedging instruments:
Derivative Assets
Other current assets$17,060 $60,192 
Other assets4,933 14,514 
Subtotal$21,993 $74,706 
Derivative Liabilities
Accounts payable and accrued liabilities$52,889 $12,381 
Other long-term liabilities16,692 2,536 
Subtotal$69,581 $14,917 
Derivatives not designated as hedging instruments:
Derivative Assets
Other current assets$725 $4,934 
Derivative Liabilities
Accounts payable and accrued liabilities$2,420 $675 
Total Derivative Assets
$22,718 $79,640 
Total Derivative Liabilities
$72,001 $15,592 
Schedule of Impact of Gains and Losses from Derivatives Designated and Not Designated as Hedging Instruments
The following tables summarize the impact of gains and losses from the Company's derivatives on its Condensed Consolidated Statements of Comprehensive Income for the periods presented.
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Derivatives Designated as Cash Flow Hedging InstrumentsCash Flow Hedging Gains (Losses)
Reclassified into Earnings
Cash Flow Hedging Gains (Losses)
Reclassified into Earnings
Cash Flow Hedging Gains (Losses)
Reclassified into Earnings
Cash Flow Hedging Gains (Losses)
Reclassified into Earnings
Net product revenues$(2,063)$3,371 $10,482 $2,252 
Operating expenses$1,514 $(190)$(1,092)$314 
Derivatives Not Designated as Hedging InstrumentsGains (Losses) Recognized in EarningsGains (Losses) Recognized in EarningsGains (Losses) Recognized in EarningsGains (Losses) Recognized in Earnings
Operating expenses$(24,070)$13,812 $(36,179)$21,541