DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Fair Values of Derivative Assets and Liabilities

The fair values of derivative assets and liabilities, net, all of which are classified as Level 2, reported within either ‘Accrued expenses and other liabilities’ or ‘Prepaid expenses and other assets’ in the condensed consolidated balance sheets, were:

	September 30, 2022				December 31, 2021
	Derivative Assets		Derivative Liabilities		Derivative Assets		Derivative Liabilities
	(in thousands)
Non-hedged derivatives:
Forward foreign currency exchange contracts	$	1,368	$	(1,226)	$	724	$	(938)
Netting of counterparty contracts	(1,226)		1,226		(724)		724
Foreign currency forward contract derivatives	142		—		—		(214)
Hedged derivatives:
Cash flow foreign currency contracts	568		—		—		—
Netting of counterparty contracts	—		—		—		—
Cash flow foreign currency contract derivatives	568		—		—		—
Total derivatives	$	710	$	—	$	—	$	(214)

Schedule of Derivative Financial Instruments Notional Amounts on Outstanding Positions

The notional amounts of outstanding foreign currency forward exchange contracts presented below report the total U.S. Dollar equivalent position and the net contract fair values for each foreign currency position.

	September 30, 2022				December 31, 2021
	Notional		Fair Value		Notional		Fair Value
	(in thousands)
Non-hedged derivatives:
Singapore Dollar	$	67,673	$	(1,226)	$	43,723	$	(296)
South Korean Won	19,635		646		14,201		(112)
Indian Rupee	21,590		484		10,379		(86)
British Pound Sterling	17,513		49		25,795		104
Japanese Yen	9,528		75		12,910		80
Euro	6,119		114		21,198		162
Other currencies	—		—		19,481		(66)
Total non-hedged derivatives	142,058		142		147,687		(214)
Hedged derivatives:
Euro	12,800		113		—		—
South Korean Won	8,860		271		—		—
Indian Rupee	6,960		138		—		—
British Pound Sterling	6,812		46		—		—
Total hedged derivatives	35,432		568		—		—
Total derivatives	$	177,490	$	710	$	147,687	$	(214)
Latest maturity date, non-hedged derivatives	December 2022				January 2022
Latest maturity date, hedged derivatives	June 2023				N/A

Schedule of Gain (Losses) from Foreign Currency Transactions and Derivative Contracts

Amounts reported in ‘Foreign currency gains (losses), net’ in the condensed consolidated statements of operations include both realized and unrealized gains (losses) from foreign currency transactions and derivative contracts and were:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
	(in thousands)
Non-hedged derivatives:
Foreign currency transaction gains (losses)	$	(2,126)	$	493	$	(6,178)	$	148
Foreign currency forward exchange contracts gains	1,733		44		5,063		(232)
Foreign currency gains (losses), net	$	(393)	$	537	$	(1,115)	$	(84)