Financial Instruments and Fair Value Measurement (Tables)

12 Months Ended

Dec. 31, 2024

Financial Instruments And Fair Value Measurement [Abstract]

Summary of Effects of Foreign Currency Foreign Exchange Contracts on Result of Operations

The following table presents the effects of our foreign currency foreign exchange contracts on our results of operations for the three years ended December 31 (in thousands):

	Gain/(Loss) recognized in AOCI
	December 31,		December 31,			December 31,
	2024		2023			2022
Net Investment Hedge relationships
Foreign currency foreign exchange contracts	$	15,344	$	(45,748	)	$	96,698

Summary of Assets and Liabilities Recorded at Fair Value on Recurring Basis

The following tables present the assets and liabilities recorded at fair value on a recurring basis:

	Balance at		Balance Sheet	Basis of Fair Value Measurement
(in thousands)	December 31, 2024		Location	Level 1		Level 2		Level 3
Assets:
Money market mutual funds	$	115,399	Other noncurrent assets	$	115,399
Certificates of deposit		2,206	Other noncurrent assets				2,206
Equity securities		47,333	Other noncurrent assets		47,333
Deferred compensation assets		49,222	Other noncurrent assets		49,222
Foreign currency forward exchange contracts		572	Other current assets				572
	$	214,732		$	211,954	$	2,778		-
Liabilities:
Deferred compensation liability		49,222	Other noncurrent liabilities		49,222
	$	49,222		$	49,222	$	-		-
	Balance at		Balance Sheet	Basis of Fair Value Measurement
(in thousands)	December 31, 2023		Location	Level 1		Level 2		Level 3
Assets:
Money market mutual funds	$	111,129	Other noncurrent assets	$	111,129
Certificates of deposit		2,300	Other noncurrent assets				2,300
Equity securities		49,923	Other noncurrent assets		49,923
Deferred compensation assets		43,060	Other noncurrent assets		43,060
	$	206,412		$	204,112	$	2,300		-
Liabilities:
Foreign currency forward exchange contracts	$	1,911	Accrued liabilities other			$	1,911
Deferred compensation liability		43,060	Other noncurrent liabilities		43,060
	$	44,971		$	43,060	$	1,911		-