Accumulated Other Comprehensive Income

12 Months Ended

Dec. 31, 2020

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Income

ACCUMULATED OTHER COMPREHENSIVE INCOME

    The changes in AOCI, net of tax, consisted of the following:

	For the Years Ended December 31, 2020 and 2019
			Unrealized (Loss) Gain on Cash Flow Hedges, Net of Tax		Unrealized (Loss) Gain on Net Investment Hedges, Net of Tax
(in thousands)	Unrealized (Loss) Gain on Investments, Net of Tax		Foreign Currency Exchange Contracts		Euro-Denominated Notes		Cross Currency Swaps		Cumulative Translation Adjustment		Total
Balance as of December 31, 2018	$	(157)	$	6,229	$	(394)	$	1,360	$	(48,829)	$	(41,791)
Other comprehensive income (loss) before reclassifications	267		1,196		1,790		2,107		(1,590)		3,770
Amounts reclassified from accumulated other comprehensive income	—		(8,161)		—		—		—		(8,161)
Balance as of December 31, 2019	110		(736)		1,396		3,467		(50,419)		(46,182)
Other comprehensive (loss) income before reclassifications	(382)		(8,527)		(7,378)		(5,626)		15,151		(6,762)
Amounts reclassified from accumulated other comprehensive income	—		(671)		—		—		—		(671)
Balance as of December 31, 2020	$	(272)	$	(9,934)	$	(5,982)	$	(2,159)	$	(35,268)	$	(53,615)

    The following table presents components and amounts reclassified out of AOCI to net income:

(in thousands)	Affected Line Item in the Statements of Income	Amounts Reclassified from AOCI for the Years Ended December 31,
		2020		2019		2018
Gains (losses) on derivative instruments included in net income:
Foreign currency exchange contracts	Cost of revenue	$	829	$	10,628	$	(976)
	Tax expense (benefit)	158		2,467		(187)
	Gains (losses), net of tax	$	671	$	8,161	$	(789)