Accumulated Other Comprehensive Income

12 Months Ended

Dec. 31, 2022

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, 2022 and 2021
			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		Defined Benefit Plans, Net of Tax		Cumulative Translation Adjustment		Total
Balance as of December 31, 2020	$	(272)	$	(9,934)	$	(5,982)	$	(2,159)	$	—	$	(35,268)	$	(53,615)
Other comprehensive income (loss) before reclassifications	146		9,139		6,404		5,399		—		(26,731)		(5,643)
Amounts reclassified from accumulated other comprehensive income	—		5,774		—		—		—		—		5,774
Balance as of December 31, 2021	(126)		4,979		422		3,240		—		(61,999)		(53,484)
Other comprehensive (loss) income before reclassifications	(46)		14,851		4,525		3,817		(3,282)		(25,692)		(5,827)
Amounts reclassified from accumulated other comprehensive income	—		(18,991)		—		—		506		—		(18,485)
Balance as of December 31, 2022	$	(172)	$	839	$	4,947	$	7,057	$	(2,776)	$	(87,691)	$	(77,796)

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,
		2022		2021		2020
Foreign currency exchange contracts	Cost of revenue	$	25,733	$	(7,121)	$	829
	Tax (expense) benefit	(6,742)		1,347		(158)
	Gains (losses), net of tax	$	18,991	$	(5,774)	$	671

Defined benefit plans	Cost of revenue and operating expenses	$	(605)	$	—	$	—
	Tax benefit	99		—		—
	Losses, net of tax	$	(506)	$	—	$	—