DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

9 Months Ended

Sep. 30, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Fair Value of Derivative Instruments in the Consolidated Balance Sheets

Fair Value of Derivative Instruments in the Condensed Consolidated Balance Sheets as of September 30, 2022 and December 31, 2021

		September 30, 2022				December 31, 2021
	Balance Sheet Location	Derivatives Designated as Hedging Instruments		Derivatives not Designated as Hedging Instruments		Derivatives Designated as Hedging Instruments		Derivatives not Designated as Hedging Instruments
Derivative Assets
Foreign Exchange Contracts	Prepaid and other	$	—	$	176	$	—	$	331
Cross Currency Swap Agreement (1)	Prepaid and other	4,778		—		511		—
		$	4,778	$	176	$	511	$	331
Derivative Liabilities
Foreign Exchange Contracts	Accounts payable, accrued and other liabilities	$	—	$	914	$	—	$	221
		$	—	$	914	$	—	$	221

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(1)This cross currency swap agreement is composed of both an interest component and a foreign exchange component.

Schedule of Effect of Cash Flow Hedge Accounting on Accumulated Other Comprehensive Income (Loss)

The Effect of Derivatives Designated as Hedging Instruments on Accounting on Accumulated Other Comprehensive Income (Loss) for the Three Months Ended September 30, 2022 and 2021

Derivatives Designated as Hedging Instruments	Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivative				Location of (Loss) Gain Recognized in Income on Derivatives	Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income on Derivative				Total Amount of Affected Income Statement Line Item
	2022		2021			2022		2021
Cross currency swap agreement:
Interest component	$	(30)	$	228	Interest expense	$	33	$	(2)	$	(9,756)
Foreign exchange component	(1,238)		3,052		Miscellaneous, net	(4,843)		3,052		(2,093)
	$	(1,268)	$	3,280		$	(4,810)	$	3,050

The Effect of Derivatives Designated as Hedging Instruments on Accumulated Other Comprehensive Income (Loss) for the Nine Months Ended September 30, 2022 and 2021

Derivatives Designated as Hedging Instruments	Amount of Gain Recognized in Other Comprehensive Income on Derivative				Location of Gain Recognized in Income on Derivatives	Amount of Gain Reclassified from Accumulated Other Comprehensive Income on Derivative				Total Amount of Affected Income Statement Line Item
	2022		2021			2022		2021
Cross currency swap agreement:
Interest component	$	229	$	1,055	Interest expense	$	171	$	16	$	(30,668)
Foreign exchange component	3,388		6,291		Miscellaneous, net	(217)		6,291		(3,144)
	$	3,617	$	7,346		$	(46)	$	6,307

Schedule of Effect of Derivatives Not Designated as Hedging Instruments on the Consolidated Statements of Income

The Effect of Derivatives Not Designated as Hedging Instruments on the Condensed Consolidated Statements of Income for the Three Months Ended September 30, 2022 and 2021

Derivatives Not Designated as Hedging Instruments	Location of (Loss) Gain Recognized in Income on Derivatives	Amount of (Loss) Gain Recognized in Income on Derivatives
		2022		2021
Foreign Exchange Contracts	Other (Expense) Income: Miscellaneous, net	$	(853)	$	1,518
		$	(853)	$	1,518

The Effect of Derivatives Not Designated as Hedging Instruments on the Condensed Consolidated Statements of Income for the Nine Months Ended September 30, 2022 and 2021

Derivatives Not Designated as Hedging Instruments	Location of Loss Recognized in Income on Derivatives	Amount of Loss Recognized in Income on Derivatives
		2022		2021
Foreign Exchange Contracts	Other (Expense) Income: Miscellaneous, net	$	(962)	$	(171)
		$	(962)	$	(171)

Schedule of offsetting derivative assets and liabilities

			Gross Amounts Offset in the Statement of Financial Position	Net Amounts Presented in the Statement of Financial Position		Gross Amounts not Offset in the Statement of Financial Position
	Gross Amount					Financial Instruments	Cash Collateral Received	Net Amount
September 30, 2022
Derivative Assets	$	4,954	—	$	4,954	—	—	$	4,954
Total Assets	$	4,954	—	$	4,954	—	—	$	4,954
Derivative Liabilities	$	914	—	$	914	—	—	$	914
Total Liabilities	$	914	—	$	914	—	—	$	914
December 31, 2021
Derivative Assets	$	842	—	$	842	—	—	$	842
Total Assets	$	842	—	$	842	—	—	$	842
Derivative Liabilities	$	221	—	$	221	—	—	$	221
Total Liabilities	$	221	—	$	221	—	—	$	221