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ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables)
12 Months Ended
Dec. 31, 2024
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income
The changes in AOCI, net of tax, consisted of the following:
For the Years Ended December 31, 2024 and 2023
Unrealized Gain (Loss) on Cash Flow Hedges, Net of Tax
Unrealized Gain (Loss) on Net Investment Hedges, Net of Tax
(in thousands)
Unrealized Gain (Loss) on Investments, Net of Tax
Foreign Currency Exchange ContractsInterest Rate SwapEuro-Denominated NotesCross Currency SwapsDefined Benefit Plans, Net of TaxCumulative Translation AdjustmentTotal
     
Balance as of December 31, 2022
$(172)$839 $— $4,947 $7,057 $(2,776)$(87,691)$(77,796)
Other comprehensive income (loss) before reclassifications
(792)3,131 (2,601)(5,629)(1,302)17,725 10,540 
Amounts reclassified from accumulated other comprehensive income— (2,444)(2,025)— — 519 — (3,950)
Balance as of December 31, 2023
(164)(2,397)1,106 2,346 1,428 (3,559)(69,966)(71,206)
Other comprehensive income (loss) before reclassifications
19,418 1,927 4,105 5,981 (701)(46,958)(16,227)
Amounts reclassified from accumulated other comprehensive income163 (4,236)(2,491)— — 352 — (6,212)
Balance as of December 31, 2024
$— $12,785 $542 $6,451 $7,409 $(3,908)$(116,924)$(93,645)
Summary of Reclassifications Out of Other Comprehensive Income
The following table presents components and amounts reclassified out of AOCI to net income:
(in thousands)Affected Line Item in the Statements of IncomeAmounts Reclassified from AOCI for the Years Ended December 31,
202420232022
    
Foreign currency exchange contractsCost of revenue$5,932 $3,512 $25,733 
Provision for income taxes
(1,696)(1,068)(6,742)
Gains, net of tax
Net income
$4,236 $2,444 $18,991 
Interest rate swap contractInterest expense$3,268 $2,656 $— 
Provision for income taxes
(777)(631)— 
Gain, net of tax
Net income
$2,491 $2,025 $— 
Investments
General and administrative expenses
$(214)$— $— 
Provision for income taxes
51 — — 
Loss, net of tax
Net income
$(163)$— $— 
Defined benefit plansCost of revenue and operating expenses$(506)$(630)$(605)
Provision for income taxes
154 111 99 
Loss, net of tax
Net income
$(352)$(519)$(506)