ACCUMULATED OTHER COMPREHENSIVE LOSS

9 Months Ended

Sep. 30, 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 September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Foreign currency translation
Beginning balance	$	(68,469)	$	(29,062)	$	(52,747)	$	(28,168)
Foreign currency translation	(69,674)		(12,531)		(82,812)		(14,024)
Income tax benefit	12,751		1,770		10,167		2,369
Foreign currency translation, net of tax	(56,923)		(10,761)		(72,645)		(11,655)
Ending balance	$	(125,392)	$	(39,823)	$	(125,392)	$	(39,823)
Cash flow hedging instruments
Beginning balance	$	(9,845)	$	1,601	$	(3,417)	$	3,642
Unrealized loss in fair value	(15,222)		(3,995)		(72,827)		(10,070)
Net loss reclassified into Cost of revenues (exclusive of depreciation and amortization)	8,186		1,318		13,647		4,755
Net loss reclassified into Foreign exchange loss	112		—		43,940		—
Income tax benefit	1,572		610		3,460		1,207
Cash flow hedging instruments, net of tax	(5,352)		(2,067)		(11,780)		(4,108)
Ending balance(1)	$	(15,197)	$	(466)	$	(15,197)	$	(466)
Defined benefit plans
Beginning balance	$	1,957	$	(1,612)	$	1,957	$	(986)
Actuarial losses	—		—		—		(811)
Income tax benefit	—		—		—		185
Defined benefit plans, net of tax	—		—		—		(626)
Ending balance	$	1,957	$	(1,612)	$	1,957	$	(1,612)
Accumulated other comprehensive loss	$	(138,632)	$	(41,901)	$	(138,632)	$	(41,901)

(1) As of September 30, 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.