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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
3 Months Ended
Mar. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair Value of Derivative Instruments
The fair value of derivative instruments on the Company’s consolidated balance sheets as of March 31, 2021 and December 31, 2020 were as follows:
As of March 31, 2021As of December 31, 2020
Balance Sheet ClassificationAsset DerivativesLiability DerivativesAsset DerivativesLiability Derivatives
Foreign exchange forward contracts -
Designated as hedging instruments
Prepaid expenses and other current assets$1,543 $4,955 
Accrued expenses and other current liabilities$2,111 $243