ACCUMULATED OTHER COMPREHENSIVE INCOME

3 Months Ended

Mar. 31, 2025

Equity [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME

ACCUMULATED OTHER COMPREHENSIVE INCOME

The changes in Accumulated Other Comprehensive Income (“AOCI”), net of tax, consisted of the following:

	For the Three Months Ended March 31, 2025
	Unrealized Gain (Loss) on Cash Flow Hedges, Net of Tax				Unrealized Gain (Loss) on Net Investment Hedges, Net of Tax
(in thousands)	Foreign Currency Exchange Contracts		Interest Rate Swap		Euro-Denominated Notes		Cross Currency Swaps		Defined Benefit Plans, Net of Tax		Cumulative Translation Adjustment		Total
Balance as of December 31, 2024	$	12,785	$	542	$	6,451	$	7,409	$	(3,908)	$	(116,924)	$	(93,645)
Other comprehensive (loss) income before reclassifications	(5,153)		59		(3,006)		(3,605)		—		18,101		6,396
Reclassified from accumulated other comprehensive income	(2,711)		(247)		—		—		116		—		(2,842)
Balance as of March 31, 2025	$	4,921	$	354	$	3,445	$	3,804	$	(3,792)	$	(98,823)	$	(90,091)

	For the Three Months Ended March 31, 2024
			Unrealized Gain (Loss) on Cash Flow Hedges, Net of Tax				Unrealized Gain (Loss) on Net Investment Hedges, Net of Tax
(in thousands)	Unrealized Loss on Investments, Net of Tax		Foreign Currency Exchange Contracts		Interest Rate Swap		Euro-Denominated Notes		Cross Currency Swaps		Defined Benefit Plans, Net of Tax		Cumulative Translation Adjustment		Total
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	1		5,848		2,106		1,618		2,049		—		(19,773)		(8,151)
Reclassified from accumulated other comprehensive income	163		(567)		(730)		—		—		94		—		(1,040)
Balance as of March 31, 2024	$	—	$	2,884	$	2,482	$	3,964	$	3,477	$	(3,465)	$	(89,739)	$	(80,397)

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 Three Months Ended March 31,
		2025		2024
Foreign currency exchange contracts	Cost of revenue	$	3,745	$	810
	Provision for income taxes	(1,034)		(243)
	Gain, net of tax	$	2,711	$	567
Interest rate swap contracts	Interest expense	$	324	$	957
	Provision for income taxes	(77)		(227)
	Gain, net of tax	$	247	$	730
Investments	General and administrative expense	$	—	$	(214)
	Provision for income taxes	—		51
	Loss, net of tax	$	—	$	(163)
Defined benefit plans	Cost of revenue and operating expenses	$	(138)	$	(113)
	Provision for income taxes	22		19
	Loss, net of tax	$	(116)	$	(94)