DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2024

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:

	March 31, 2024				December 31, 2023
	Derivative Assets		Derivative Liabilities		Derivative Assets		Derivative Liabilities
	(in thousands)
Non-hedged derivatives:
Forward foreign currency exchange contracts	$	391	$	(360)	$	2,850	$	(1,333)
Hedged derivatives:
Cash flow foreign currency contracts	606		(351)		142		(229)
Total derivatives	997		(711)		2,992		(1,562)
Netting of counterparty contracts	(327)		327		(1,547)		1,547
Total derivatives, net of counterparty contracts	$	670	$	(384)	$	1,445	$	(15)

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.

	March 31, 2024				December 31, 2023
	Notional		Fair Value		Notional		Fair Value
	(in thousands)
Non-hedged derivatives:
Singapore Dollar	$	23,825	$	(146)	$	41,441	$	1,507
Euro	17,681		(154)		30,757		1,343
British Pound Sterling	11,484		38		17,662		(835)
South Korean Won	13,350		118		9,759		(428)
Indian Rupee	12,770		(20)		5,291		(23)
Japanese Yen	5,591		177		969		(47)
Other currencies	25,079		18		—		—
Total non-hedged derivatives	109,780		31		105,879		1,517
Hedged derivatives:
Euro	21,694		450		40,014		(186)
British Pound Sterling	10,799		(119)		22,320		135
South Korean Won	4,095		156		11,093		(42)
Indian Rupee	2,579		(4)		5,703		6
Chinese Yuan	34,288		(228)		—		—
Total hedged derivatives	73,455		255		79,130		(87)
Total derivatives	$	183,235	$	286	$	185,009	$	1,430
Latest maturity date, non-hedged derivatives	April 2024				January 2024
Latest maturity date, hedged derivatives	December 2024				December 2024

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

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

	Three Months Ended March 31,
	2024		2023
	(in thousands)
Foreign currency transaction losses	$	(1,420)	$	(771)
Foreign currency forward exchange contracts gains (losses)	(853)		368
Foreign currency losses, net	$	(2,273)	$	(403)