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ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables) | 9 Months Ended
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Sep. 30, 2024
Equity [Abstract] |
Schedule of Accumulated Other Comprehensive Income | The changes in Accumulated Other Comprehensive Income (“AOCI”), net of tax, consisted of the following:
|  | For the Nine Months Ended September 30, 2024
|  |  |  | 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 |  | Interest Rate Swap |  | Euro-Denominated Notes |  | Cross Currency Swaps |  | Defined Benefit Plans, Net of Tax |  | Cumulative Translation Adjustment |  | Total
Balance as of December 31, 2023 |  | $ | (164) |  |  | $ | (2,397) |  |  | $ | 1,106 |  |  | $ | 2,346 |  |  | $ | 1,428 |  |  | $ | (3,559) |  |  | $ | (69,966) |  |  | $ | (71,206) |
Other comprehensive income (loss) before reclassifications |  | 1 |  |  | 444 |  |  | 997 |  |  | (732) |  |  | (370) |  |  | — |  |  | (1,261) |  |  | (921) |
Reclassified from accumulated other comprehensive income |  | 163 |  |  | (2,144) |  |  | (2,132) |  |  | — |  |  | — |  |  | 269 |  |  | — |  |  | (3,844) |
Balance as of September 30, 2024 |  | $ | — |  |  | $ | (4,097) |  |  | $ | (29) |  |  | $ | 1,614 |  |  | $ | 1,058 |  |  | $ | (3,290) |  |  | $ | (71,227) |  |  | $ | (75,971) |
|  | For the Nine Months Ended September 30, 2023
|  |  |  | Unrealized Gain (Loss) on Cash Flow Hedges, Net of Tax |  | Unrealized Gain (Loss) on Net Investment Hedges, Net of Tax |  |  |  |  |  |
(in thousands) |  | Unrealized Loss on Investments, Net of Tax |  | Foreign Currency Exchange Contracts |  | Interest Rate Swap |  | Euro-Denominated Notes |  | Cross Currency Swaps |  | Defined Benefit Plans, Net of Tax |  | Cumulative Translation Adjustment |  | Total
Balance as of December 31, 2022 |  | $ | (172) |  |  | $ | 839 |  |  | $ | — |  |  | $ | 4,947 |  |  | $ | 7,057 |  |  | $ | (2,776) |  |  | $ | (87,691) |  |  | $ | (77,796) |
Other comprehensive income (loss) before reclassifications |  | 6 |  |  | 7,305 |  |  | 5,254 |  |  | 488 |  |  | (1,158) |  |  | — |  |  | (6,939) |  |  | 4,956 |
Reclassified from accumulated other comprehensive income |  | — |  |  | (1,174) |  |  | (1,272) |  |  | — |  |  | — |  |  | 395 |  |  | — |  |  | (2,051) |
Balance as of September 30, 2023 |  | $ | (166) |  |  | $ | 6,970 |  |  | $ | 3,982 |  |  | $ | 5,435 |  |  | $ | 5,899 |  |  | $ | (2,381) |  |  | $ | (94,630) |  |  | $ | (74,891) |
Schedule of Reclassifications Out of Other Comprehensive Income | The following table presents 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 September 30, |  | Amounts Reclassified from AOCI For the Nine Months Ended September 30,
|  |  |  | 2024 |  | 2023 |  | 2024 |  | 2023
Foreign currency exchange contracts |  | Cost of revenue |  | $ | 512 |  |  | $ | 1,273 |  |  | $ | 3,043 |  |  | $ | 1,723 |
|  | Tax expense |  | (176) |  |  | (372) |  |  | (899) |  |  | (549) |
|  | Gain, net of tax |  | $ | 336 |  |  | $ | 901 |  |  | $ | 2,144 |  |  | $ | 1,174 |
Interest rate swap contracts |  | Interest expense |  | $ | 860 |  |  | $ | 1,385 |  |  | $ | 2,796 |  |  | $ | 1,668 |
|  | Tax expense |  | (204) |  |  | (329) |  |  | (664) |  |  | (396) |
|  | Gain, net of tax |  | $ | 656 |  |  | $ | 1,056 |  |  | $ | 2,132 |  |  | $ | 1,272 |
Investments |  | General and administrative expense |  | $ | — |  |  | $ | — |  |  | $ | (214) |  |  | $ | — |
|  | Tax benefit |  | — |  |  | — |  |  | 51 |  |  | — |
|  | Loss, net of tax |  | $ | — |  |  | $ | — |  |  | $ | (163) |  |  | $ | — |
Defined benefit plans |  | Cost of revenue and operating expenses |  | $ | (143) |  |  | $ | (119) |  |  | $ | (319) |  |  | $ | (470) |
|  | Tax benefit |  | 21 |  |  | 21 |  |  | 50 |  |  | 75 |
|  | Loss, net of tax |  | $ | (122) |  |  | $ | (98) |  |  | $ | (269) |  |  | $ | (395) |

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