Financial Instruments and Risk Management (Tables)

12 Months Ended

Dec. 31, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Gross Notional Amount of Outstanding Derivatives

The following table presents the gross notional amount of outstanding derivative instruments:

	December 31,
(in thousands)	2022		2021
Derivative instruments designated as cash flow hedges:
Currency forward contracts	$	514,365	$	485,083
Derivative instruments not designated as hedges:
Currency forward contracts	448,838		267,982

Balance Sheet Classification and Fair Value of Derivative Instruments

The following table presents the balance sheet classification and fair value of derivative instruments:

		December 31,
(in thousands)	Balance Sheet Classification	2022		2021
Derivative instruments designated as cash flow hedges:
Derivative instruments in asset positions:
Currency forward contracts	Prepaid expenses and other current assets	$	20,306	$	7,927
Currency forward contracts	Other non-current assets	7,153		10,142
Derivative instruments in liability positions:
Currency forward contracts	Accrued liabilities	1,249		2,545
Currency forward contracts	Other long-term liabilities	1,770		318
Derivative instruments not designated as cash flow hedges:
Derivative instruments in asset positions:
Currency forward contracts	Prepaid expenses and other current assets	3,027		1,470
Derivative instruments in liability positions:
Currency forward contracts	Accrued liabilities	2,533		1,027

Effect and Classification of Derivative Instruments

The following table presents the statement of operations effect and classification of derivative instruments:

	Statement Of Operations Classification	Year Ended December 31,
(in thousands)		2022		2021		2020
Currency Forward Contracts:
Derivative instruments designated as cash flow hedges:
Gain (loss) recognized in other comprehensive income (loss), net of tax	—	$	20,724	$	16,113	$	(7,218)
Gain (loss) reclassified from accumulated other comprehensive income (loss) to income for the effective portion	Net sales	(146)		(448)		191
Gain (loss) reclassified from accumulated other comprehensive income (loss) to income for the effective portion	Cost of sales	12,100		(4,072)		14,495
Gain reclassified from accumulated other comprehensive income (loss) to income as a result of cash flow hedge discontinuance	Other non-operating income (expense), net	320		451		817
Derivative instruments not designated as cash flow hedges:
Loss recognized in income	Other non-operating income (expense), net	(1,955)		(608)		(2,865)