DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2022

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)
	June 30, 2022		December 31, 2021		June 30, 2022		December 31, 2021
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	$63	Prepaid expenses and other current assets	$694	Accrued expenses and other current liabilities	$3,781	Accrued expenses and other current liabilities	$1,358
	Asset Derivatives				Liability Derivatives
	(In thousands)
	June 30, 2022		December 31, 2021		June 30, 2022		December 31, 2021
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	$13,682	Prepaid expenses and other current assets	$47	Accrued expenses and other current liabilities	$233	Accrued expenses and other current liabilities	$173

Schedule of Effect of Derivative Instruments on Financial Performance

The Effect of Derivative Instruments on Financial Performance

	For the Three Months Ended June 30,
	(In thousands)
Derivatives in Cash Flow Hedging Relationships	Amount of Loss Recognized in Other Comprehensive Loss				Location of (Loss) Gain Reclassified from Accumulated Other Comprehensive Loss into Income	Amount of (Loss) Gain Reclassified from Accumulated Other Comprehensive Loss
	2022		2021			2022		2021
Foreign currency forward contracts	$	(2,241)	$	(630)	Operating expenses	$	(726)	$	758
	For the Six Months Ended June 30,
	(In thousands)
Derivatives in Cash Flow Hedging Relationships	Amount of Loss Recognized in Other Comprehensive Loss				Location of (Loss) Gain Reclassified from Accumulated Other Comprehensive Loss into Income	Amount of (Loss) Gain Reclassified from Accumulated Other Comprehensive Loss
	2022		2021			2022		2021
Foreign currency forward contracts	$	(2,883)	$	(3,436)	Operating expenses	$	(1,112)	$	2,701

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

	For the Three Months Ended June 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
		2022		2021
Foreign currency forward contracts	Other (expense) income, net	$	16,708	$	(4,812)
	For the Six Months Ended June 30,
	(In thousands)
Derivatives Not Designated as Hedging Instruments	Location of Gain Recognized in Income on Derivative	Amount of Gain Recognized in Income on Derivative
		2022		2021
Foreign currency forward contracts	Other (expense) income, net	$	22,073	$	8,284

Schedule of Net Notional Foreign Currency Forward Contracts Outstanding

As of June 30, 2022, the Company had the following net notional foreign currency forward contracts outstanding (in thousands):

Foreign Currency	Currency Denomination
Australian Dollar	AUD 13,200
Brazilian Real	BRL 2,600
British Pound Sterling	GBP 17,000
Canadian Dollar	CAD 3,350
Chinese Yuan Renminbi	CNY 88,000
Czech Koruna	CZK 97,000
Danish Krone	DKK 4,700
Euro	EUR 28,664
Hong Kong Dollar	HKD 16,050
Indian Rupee	INR 425,000
Japanese Yen	JPY 881,000
Korean Won	KRW 1,562,000
Singapore Dollar	SGD 18,400
Swedish Krona	SEK 300
Swiss Franc	CHF 295,550