ACCUMULATED OTHER COMPREHENSIVE LOSS

12 Months Ended

Dec. 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:

	For the Years Ended December 31,
	2022		2021		2020
Foreign currency translation
Beginning balance	$	(52,747)	$	(28,168)	$	(32,666)
Foreign currency translation	(45,295)		(29,323)		5,802
Income tax (expense)/ benefit	(3,738)		4,744		(1,304)
Foreign currency translation, net of tax	(49,033)		(24,579)		4,498
Ending balance	$	(101,780)	$	(52,747)	$	(28,168)
Cash flow hedging instruments
Beginning balance	$	(3,417)	$	3,642	$	1,292
Unrealized (loss)/ gain in fair value	(49,233)		(13,781)		8,076
Net loss/ (gain) reclassified into Cost of revenues (exclusive of depreciation and amortization)	20,331		4,649		(5,031)
Net loss reclassified into Foreign exchange loss	44,067		—		—
Income tax (expense)/ benefit	(3,442)		2,073		(695)
Cash flow hedging instruments, net of tax	11,723		(7,059)		2,350
Ending balance(1)	$	8,306	$	(3,417)	$	3,642
Defined benefit plans
Beginning balance	$	1,957	$	(986)	$	—
Actuarial (losses)/ gains	(4,892)		3,805		(1,275)
Income tax benefit/ (expense)	1,088		(862)		289
Defined benefit plans, net of tax	(3,804)		2,943		(986)
Ending balance	$	(1,847)	$	1,957	$	(986)
Accumulated other comprehensive loss	$	(95,321)	$	(54,207)	$	(25,512)

(1) As of December 31, 2022, the ending balance of net unrealized gain 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.