XML 48 R36.htm IDEA: XBRL DOCUMENT

Accumulated Other Comprehensive Income (Tables)

6 Months Ended

Jun. 30, 2021

Equity [Abstract]

Schedule of accumulated other comprehensive income

The changes in AOCI, net of tax, consisted of the following:


						For the Six Months Ended June 30, 2021
												Unrealized Gain (Loss) on Cash Flow Hedges, Net of Tax						Unrealized (Loss) Gain on Net Investment Hedges, Net of Tax
(in thousands)						Unrealized Gain (Loss) on Investments, Net of Tax						Foreign Currency Exchange Contracts						Euro-Denominated Notes						Cross Currency Swaps						Cumulative Translation Adjustment						Total

Balance as of December 31, 2020						$	(272)					$	(9,934)					$	(5,982)					$	(2,159)					$	(35,268)					$	(53,615)
Other comprehensive income (loss) before reclassifications						154						3,191						2,654						2,202						(7,246)						955
Loss reclassified from accumulated other comprehensive income						—						4,269						—						—						—						4,269
Balance as of June 30, 2021						$	(118)					$	(2,474)					$	(3,328)					$	43					$	(42,514)					$	(48,391)


						For the Six Months Ended June 30, 2020
												Unrealized Gain (Loss) on Cash Flow Hedges, Net of Tax						Unrealized Gain (Loss) on Net Investment Hedges, Net of Tax
(in thousands)						Unrealized (Loss) Gain on Investments, Net of Tax						Foreign Currency Exchange Contracts						Euro-Denominated Notes						Cross Currency Swaps						Cumulative Translation Adjustment						Total

Balance as of December 31, 2019						$	110					$	(736)					$	1,396					$	3,467					$	(50,419)					$	(46,182)
Other comprehensive (loss) income before reclassifications						(574)						5,538						(642)						2,602						(15,200)						(8,276)
Gain reclassified from accumulated other comprehensive income						—						(2,574)						—						—						—						(2,574)
Balance as of June 30, 2020						$	(464)					$	2,228					$	754					$	6,069					$	(65,619)					$	(57,032)

Summary of reclassifications out of other comprehensive income

The following tables present 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 June 30,
												2021						2020
Gain (loss) on derivative instruments classified as cash flow hedges included in net income:
Foreign currency exchange contracts						Cost of revenue						$	(2,715)					$	1,812
						Tax expense (benefit)						(340)						339
						Gain (loss), net of tax						$	(2,375)					$	1,473


(in thousands)						Affected Line Item in the Statements of Income						Amounts Reclassified from AOCI For the Six Months Ended June 30,
												2021						2020
Gain (loss) on derivative instruments classified as cash flow hedges included in net income:
Foreign currency exchange contracts						Cost of revenue						$	(5,145)					$	3,153
						Tax expense (benefit)						(876)						579
						Gain (loss), net of tax						$	(4,269)					$	2,574