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Hedging Instruments (Tables)
 3 Months Ended
Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of net investment hedges and Income Statement impact of hedging instruments The following table presents the effect of cash flow hedge accounting on our unaudited condensed consolidated statements of income and comprehensive income, and provides information regarding the location and amounts of pretax gains or losses of derivatives:
(in thousands) Three Months Ended
March 31,
 20232022
Financial statement line items in which effects of cash flow hedges are recordedCost of revenue$357,224 $337,796 
Foreign exchange contracts
Amount of gain (loss) reclassified from accumulated other comprehensive income into income$335 $2,236 
Schedule of hedging instruments
The fair values of hedging instruments and their respective classification on our unaudited condensed consolidated balance sheets and amounts subject to offset under master netting arrangements consisted of the following derivative instruments, unless otherwise noted:
(in thousands) Hedging Assets
 March 31, 2023December 31, 2022
Derivatives and non-derivatives designated as hedging instrumentsBalance Sheet Classification  
Foreign currency exchange contractsOther current assets$4,314 $5,185 
Cross currency swaps Other current assets6,877 8,135 
Foreign currency exchange contractsOther long-term assets41 — 
Cross currency swapsOther long-term assets1,029 1,127 
Total derivative instruments presented as hedging instruments on the balance sheet12,261 14,447 
Gross amounts subject to master netting arrangements not offset on the balance sheet(1,890)(3,210)
Net amount $10,371 $11,237 

(in thousands) Hedging Liabilities
 March 31, 2023December 31, 2022
Derivatives and non-derivatives designated as hedging instrumentsBalance Sheet Classification  
Foreign currency exchange contracts Accrued liabilities$3,525 $4,572 
Cross currency swapsOther long-term liabilities271 — 
Interest rate swapOther long-term liabilities59 — 
Foreign currency exchange contracts Other long-term liabilities245 — 
Total derivative instruments presented as hedging instruments on the balance sheet4,100 4,572 
Non-derivative foreign currency denominated debt designated as net investment hedge on the balance sheet (1)
Long-term debt96,730 94,775 
Total hedging instruments presented on the balance sheet100,830 99,347 
Gross amounts subject to master netting arrangements not offset on the balance sheet(1,890)(3,210)
Net amount $98,940 $96,137 
(1) Amounts represent reported carrying amounts of our foreign currency-denominated debt. Refer to “Note 18. Fair Value Measurements” for information regarding the fair value of our long-term debt.