ACCUMULATED OTHER COMPREHENSIVE LOSS

3 Months Ended

Mar. 31, 2022

Equity [Abstract]

ACCUMULATED OTHER COMPREHENSIVE LOSS

ACCUMULATED OTHER COMPREHENSIVE LOSS

The following table summarizes the changes in the accumulated balances for each component of accumulated other comprehensive loss:

	Three Months Ended March 31,
	2022		2021
Foreign currency translation
Beginning balance	$	(52,747)	$	(28,168)
Foreign currency translation	(36,115)		(13,581)
Income tax benefit	5,563		3,050
Foreign currency translation, net of tax	(30,552)		(10,531)
Ending balance	$	(83,299)	$	(38,699)
Cash flow hedging instruments
Beginning balance	$	(3,417)	$	3,642
Unrealized loss in fair value	(46,557)		(7,346)
Net loss reclassified into Cost of revenues (exclusive of depreciation and amortization)	904		2,066
Net loss reclassified into Foreign exchange loss	43,854		—
Income tax benefit	408		1,199
Cash flow hedging instruments, net of tax	(1,391)		(4,081)
Ending balance(1)	$	(4,808)	$	(439)
Defined benefit plans
Beginning balance	$	1,957	$	(986)
Actuarial losses	—		(811)
Income tax benefit	—		185
Defined benefit plans, net of tax	—		(626)
Ending balance	$	1,957	$	(1,612)
Accumulated other comprehensive loss	$	(86,150)	$	(40,750)

(1) As of March 31, 2022, the ending balance of net unrealized losses related to derivatives designated as cash flow hedges is expected to be reclassified into Cost of revenues (exclusive of depreciation and amortization) in the next twelve months.