Financial Instruments and Risk Management (Tables)

3 Months Ended

Mar. 31, 2026

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
(in thousands)	March 31, 2026		December 31, 2025
Derivative instruments designated as cash flow hedges:
Currency forward contracts	$	810,181	$	808,875
Derivative instruments not designated as hedges:
Currency forward contracts	$	297,731	$	261,805

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
(in thousands)	Balance Sheet Classification	March 31, 2026		December 31, 2025
Derivative instruments designated as cash flow hedges:
Derivative instruments in asset positions:
Currency forward contracts	Prepaid expenses and other current assets	$	9,021	$	5,895
Currency forward contracts	Other non-current assets	$	8,444	$	2,788
Derivative instruments in liability positions:
Currency forward contracts	Accrued liabilities	$	5,248	$	9,119
Currency forward contracts	Other long-term liabilities	$	3,771	$	5,732
Derivative instruments not designated as cash flow hedges:
Derivative instruments in asset positions:
Currency forward contracts	Prepaid expenses and other current assets	$	1,641	$	1,144
Derivative instruments in liability positions:
Currency forward contracts	Accrued liabilities	$	1,655	$	676

Effect and Classification of Derivative Instruments

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

	Statement Of Operations Classification	Three Months Ended March 31,
(in thousands)		2026		2025
Currency forward contracts:
Derivative instruments designated as cash flow hedges:
Gain (loss) recognized in other comprehensive loss, net of tax	—	$	10,333	$	(5,910)
Gain (loss) reclassified from accumulated other comprehensive loss to net income for the effective portion	Net sales	$	32	$	(441)
Gain reclassified from accumulated other comprehensive loss to net income for the effective portion	Cost of sales	$	263	$	3,131
Derivative instruments not designated as cash flow hedges:
Loss recognized in net income	Other non-operating income, net	$	(6)	$	(612)