Derivatives (Tables)

12 Months Ended

Dec. 31, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The fair value of derivative instruments on a gross basis is as follows (in thousands):

Fair Value of Derivative Instruments Designated as Hedging Instruments	Balance Sheet Location	December 31, 2021		December 31, 2020
Assets
Foreign currency forward contracts	Prepaid expenses and other assets	$	1,326	$	1,777
Foreign currency forward contracts	Other assets (long-term)		179		424
(Liabilities)
Interest rate swaps	Accrued expenses		—		(896)
Interest rate swaps	Other long-term obligations		(1,447)		(3,462)
Foreign currency forward contracts	Accrued expenses		(2,288)		(5,281)
Foreign currency forward contracts	Other long-term obligations		(502)		(866)
Fair Value of Derivative Instruments Not Designated as Hedging Instruments	Balance Sheet Location	December 31, 2021		December 31, 2020
Assets
Foreign currency forward contracts	Prepaid expenses and other assets	$	736	$	877
(Liabilities)
Foreign currency forward contracts	Accrued expenses		(856)		(2,120)

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)

Derivative instruments designated as cash flow hedges had the following effects, before income taxes, on other comprehensive income ("OCI") in our consolidated statements of comprehensive income (loss) and consolidated balance sheets (in thousands):

	Amount of Gain/(Loss)
	Recognized in OCI
	Year Ended December 31,
Derivative instrument	2021		2020		2019
Interest rate swaps	$	1,402	$	(6,131)	$	(2,830)
Foreign currency forward contracts		(1,521)		(5,516)		(587)

Derivative instruments designated as cash flow hedges had the following effects, before income taxes, on AOCI and net earnings in our consolidated statements of income (loss), consolidated statements of comprehensive income (loss) and consolidated balance sheets (in thousands):

	Consolidated Statements						Amount of Gain/(Loss)
	of Income (Loss)						reclassified from AOCI
	Year Ended December 31,						Year ended December 31,
Location in statements of income	2021			2020	2019		2021		2020		2019
Interest expense	$	(5,261)	$	(9,994)	$	(12,413)	$	(1,509)	$	(872)	$	2,040
Revenue		1,074,751		963,875		994,852		(5,592)		36		577
Cost of sales		(589,418)		(562,698)		(562,486)		1,017		(1,288)		(578)

Derivative Instruments, Gain (Loss)

The following gains/(losses) from these derivative instruments were recognized in our consolidated statements of income (loss) for the years presented (in thousands):

		Year ended December 31,
Derivative Instrument	Location in statements of income (loss)	2021		2020		2019
Foreign currency forward contracts	Other income (expense)	$	(1,598)	$	(2,190)	$	(307)