Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule Of The Fair Values Of Derivative Instruments

Fair Values of Derivative Instruments

	Asset Derivatives				Liability Derivatives
	(In thousands)
	September 30, 2021		December 31, 2020		September 30, 2021		December 31, 2020
Derivatives Designated as Hedging Instruments	Balance Sheet Location	Fair Value	Balance Sheet Location	Fair Value	Balance Sheet Location	Fair Value	Balance Sheet Location	Fair Value
Foreign currency forward contracts	Prepaid expenses and other current assets	$550	Prepaid expenses and other current assets	$3,945	Accrued expenses and other current liabilities	$1,337	Accrued expenses and other current liabilities	$75
	Asset Derivatives				Liability Derivatives
	(In thousands)
	September 30, 2021		December 31, 2020		September 30, 2021		December 31, 2020
Derivatives Not Designated as Hedging Instruments	Balance Sheet Location	Fair Value	Balance Sheet Location	Fair Value	Balance Sheet Location	Fair Value	Balance Sheet Location	Fair Value
Foreign currency forward contracts	Prepaid expenses and other current assets	$11,525	Prepaid expenses and other current assets	$67	Accrued expenses and other current liabilities	$132	Accrued expenses and other current liabilities	$1,372

Schedule Of Effect Of Derivative Instruments On Financial Performance

The Effect of Derivative Instruments on Financial Performance

	For the Three Months Ended September 30,
	(In thousands)
Derivatives in Cash Flow Hedging Relationships	Amount of (Loss) Gain Recognized in Other Comprehensive Loss				Location of Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss into Income	Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss
	2021		2020			2021		2020
Foreign currency forward contracts	$	(846)	$	2,123	Operating expenses	$	292	$	(390)

	For the Nine Months Ended September 30,
	(In thousands)
Derivatives in Cash Flow Hedging Relationships	Amount of (Loss) Gain Recognized in Other Comprehensive Loss				Location of Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss into Income	Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss
	2021		2020			2021		2020
Foreign currency forward contracts	$	(4,282)	$	667	Operating expenses	$	2,994	$	(1,061)

There was no material ineffectiveness in the Company’s foreign currency hedging program in the periods presented.

 

	For the Three Months Ended September 30,
	(In thousands)
Derivatives Not Designated as Hedging Instruments	Location of Gain (Loss) Recognized in Income on Derivative	Amount of Gain (Loss) Recognized in Income on Derivative
		2021		2020
Foreign currency forward contracts	Other (expense) income, net	$	3,560	$	(7,407)

	For the Nine Months Ended September 30,
	(In thousands)
Derivatives Not Designated as Hedging Instruments	Location of Gain (Loss) Recognized in Income on Derivative	Amount of Gain (Loss) Recognized in Income on Derivative
		2021		2020
Foreign currency forward contracts	Other (expense) income, net	$	11,844	$	(4,878)

Schedule Of Net Notional Foreign Currency Forward Contracts Outstanding

As of September 30, 2021, the Company had the following net notional foreign currency forward contracts outstanding (in thousands):

Foreign Currency	Currency Denomination
Australian Dollar	AUD 19,000
Brazilian Real	BRL 2,000
British Pound Sterling	GBP 24,800
Canadian Dollar	CAD 5,950
Chinese Yuan Renminbi	CNY 36,400
Czech Koruna	CZK 71,000
Danish Krone	DKK 16,300
Euro	EUR 31,098
Hong Kong Dollar	HKD 30,975
Indian Rupee	INR 256,000
Japanese Yen	JPY 992,000
Korean Won	KRW 458,000
Singapore Dollar	SGD 12,200
Swedish Krona	SEK 6,800
Swiss Franc	CHF 192,650