Derivatives and Hedging - (Tables)

9 Months Ended

Sep. 30, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of fair values of derivatives designated as hedging instruments under ASC 815

The fair values of derivatives designated as hedging instruments follows:

	Asset Derivatives					Liability Derivatives
(in thousands)	Balance Sheet Location	September 30, 2021		December 31, 2020		Balance Sheet Location	September 30, 2021		December 31, 2020
Foreign currency contracts	Other current assets	$	14,831	$	20,004	Other accrued liabilities	$	357	$	4
Foreign currency contracts	Other assets	2,132		2,184		Noncurrent liabilities	93		25
Total		$	16,963	$	22,188		$	450	$	29

Schedule of derivative instrument gain (loss)

The after-tax amount of gain (loss) recognized in OCI associated with derivative instruments designated as cash flow hedges follows:

	3ME September 30,		9ME September 30,
Cash Flow Hedges (in thousands)	2021	2020	2021	2020
Foreign currency contracts	1,530	10,112	7,716	6,115
Commodity contracts	—	—	—	(108)
	1,530	10,112	7,716	6,007

Schedule of after-tax amount of gain (loss) recognized in OCI and reclassified from AOCI into earnings associated with derivative instruments designated as cash flow hedges

The after-tax amount of gain (loss) reclassified from AOCI into earnings associated with derivative instruments designated as cash flow hedges follows:

		3ME September 30,				9ME September 30,
Cash Flow Hedges (in thousands)	Location of Gain (Loss)	2021		2020		2021		2020
Foreign currency contracts	Cost of revenue	$	3,084	$	943	$	12,585	$	1,482
Commodity contracts	Cost of revenue	—		—		—		(100)
Interest rate contracts	Interest expense	725		(419)		(114)		(1,258)
Total		$	3,809	$	524	$	12,471	$	124