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HEDGING INSTRUMENTS (Tables) | 3 Months Ended
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Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Net Investment Hedges and Income Statement Impact of Hedging Instruments | The following table presents the effect of cash flow hedge accounting on our unaudited condensed consolidated statements of income and comprehensive income, and provides information regarding the location and amounts of pretax gains or losses of derivatives:
(in thousands) |  |  |  | Three Months Ended March 31, |
|  |  |  | 2024 |  | 2023 |
Financial statement line items in which effects of cash flow hedges are recorded |  | Cost of revenue |  | $ | 371,025 |  |  | $ | 357,224 |  |
Foreign exchange contracts |  |  |  |  |  |  |
Amount of gain reclassified from accumulated other comprehensive income into net income |  |  |  | $ | 810 |  |  | $ | 335 |  |
Financial statement line items in which effects of cash flow hedges are recorded |  | Interest expense |  | $ | (7,911) |  |  | $ | (13,127) |  |
Interest rate swap contract |  |  |  |  |  |  |
Amount of gain reclassified from accumulated other comprehensive income into net income |  |  |  | $ | 957 |  |  | $ | — |  |
Schedule of Hedging Instruments | The fair values of hedging instruments and their respective classification on our unaudited condensed consolidated balance sheets and amounts subject to offset under master netting arrangements consisted of the following derivative instruments, unless otherwise noted:
(in thousands) |  |  |  | Hedging Assets
|  |  |  | March 31, 2024 |  | December 31, 2023
Derivatives and non-derivatives designated as hedging instruments |  | Balance Sheet Classification |  |  |  |
Foreign currency exchange contracts |  | Other current assets |  | $ | 4,715 |  |  | $ | 1,783 |
Cross currency swaps |  | Other current assets |  | — |  |  | — |
Interest rate swap contract |  | Other long-term assets |  | 3,256 |  |  | 1,451 |
Foreign currency exchange contracts |  | Other long-term assets |  | 59 |  |  | — |
Cross currency swaps |  | Other long-term assets |  | 1,046 |  |  | 664 |
Total derivative instruments presented as hedging instruments on the balance sheet |  |  |  | 9,076 |  |  | 3,898 |
Gross amounts subject to master netting arrangements not offset on the balance sheet |  |  |  | (1,067) |  |  | (1,783) |
Net amount |  |  |  | $ | 8,009 |  |  | $ | 2,115 |
(in thousands) |  |  |  | Hedging Liabilities
|  |  |  | March 31, 2024 |  | December 31, 2023
Derivatives and non-derivatives designated as hedging instruments |  | Balance Sheet Classification |  |  |  |
Foreign currency exchange contracts |  | Accrued liabilities |  | $ | 999 |  |  | $ | 5,532 |
Cross currency swaps |  | Other long-term liabilities |  | 2,736 |  |  | 5,041 |
Foreign currency exchange contracts |  | Other long-term liabilities |  | 81 |  |  | — |
Total derivative instruments presented as hedging instruments on the balance sheet |  |  |  | 3,816 |  |  | 10,573 |
Non-derivative foreign currency denominated debt designated as net investment hedge on the balance sheet (1) |  | Long-term debt |  | 96,064 |  |  | 98,187 |
Total hedging instruments presented on the balance sheet |  |  |  | 99,880 |  |  | 108,760 |
Gross amounts subject to master netting arrangements not offset on the balance sheet |  |  |  | (1,067) |  |  | (1,783) |
Net amount |  |  |  | $ | 98,813 |  |  | $ | 106,977 |
(1) Amounts represent reported carrying amounts of our foreign currency-denominated debt. Refer to “Note 18. Fair Value Measurements” for information regarding the fair value of our long-term debt.

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