Financial Instruments and Risk Management (Tables)

12 Months Ended

Dec. 31, 2025

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:

	As of December 31,
(in thousands)	2025		2024
Derivative instruments designated as cash flow hedges:
Currency forward contracts	$	808,875	$	550,591
Derivative instruments not designated as hedges:
Currency forward contracts	$	261,805	$	263,103

Balance Sheet Classification and Fair Value of Derivative Instruments

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

		As of December 31,
(in thousands)	Balance Sheet Classification	2025		2024
Derivative instruments designated as cash flow hedges:
Derivative instruments in asset positions:
Currency forward contracts	Prepaid expenses and other current assets	$	5,895	$	20,890
Currency forward contracts	Other non-current assets	$	2,788	$	9,137
Derivative instruments in liability positions:
Currency forward contracts	Accrued liabilities	$	9,119	$	853
Currency forward contracts	Other long-term liabilities	$	5,732	$	13
Derivative instruments not designated as cash flow hedges:
Derivative instruments in asset positions:
Currency forward contracts	Prepaid expenses and other current assets	$	1,144	$	3,739
Derivative instruments in liability positions:
Currency forward contracts	Accrued liabilities	$	676	$	872

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)		2025		2024		2023
Currency forward contracts:
Derivative instruments designated as cash flow hedges:
Gain (loss) recognized in other comprehensive loss, net of tax	—	$	(20,081)	$	31,252	$	(849)
Gain (loss) reclassified from accumulated other comprehensive loss to net income for the effective portion	Net sales	$	332	$	(1,655)	$	60
Gain reclassified from accumulated other comprehensive loss to net income for the effective portion	Cost of sales	$	9,779	$	17,688	$	23,307
Gain reclassified from accumulated other comprehensive loss to net income as a result of cash flow hedge discontinuance	Other non-operating income (expense), net	$	186	$	130	$	521
Derivative instruments not designated as cash flow hedges:
Gain (loss) recognized in net income	Other non-operating income (expense), net	$	1,385	$	5,824	$	(1,822)