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HEDGING INSTRUMENTS (Tables)
 9 Months Ended
Sep. 30, 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)Financial statement line items in which effects of cash flow hedges are recordedThree Months Ended
September 30,		Nine Months Ended
September 30,
2024202320242023
Foreign exchange contractsCost of revenue$379,505 $367,545 $1,134,949 $1,095,549 
Amount of gain reclassified from accumulated other comprehensive income into net income$512 $1,273 $3,043 $1,723 
Interest rate swap contractInterest expense$(7,697)$(8,647)$(23,707)$(32,316)
Amount of gain reclassified from accumulated other comprehensive income into net income$860 $1,385 $2,796 $1,668 
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:
(in thousands) Hedging Assets
 September 30, 2024December 31, 2023
Derivatives and non-derivatives designated as hedging instrumentsBalance Sheet Classification  
Foreign currency exchange contractsOther current assets$978 $1,783 
Cross currency swaps Other current assets694 — 
Interest rate swap contractOther long-term assets— 1,451 
Foreign currency exchange contractsOther long-term assets10 — 
Cross currency swapsOther long-term assets— 664 
Total derivative instruments presented as hedging instruments on the balance sheet1,682 3,898 
Gross amounts subject to master netting arrangements not offset on the balance sheet(988)(1,783)
Net amount $694 $2,115 




(in thousands) Hedging Liabilities
 September 30, 2024December 31, 2023
Derivatives and non-derivatives designated as hedging instrumentsBalance Sheet Classification  
Foreign currency exchange contracts Accrued liabilities$5,621 $5,532 
Cross currency swapsOther long-term liabilities5,557 5,041 
Interest rate swap contractOther long-term liabilities38 — 
Foreign currency exchange contracts Other long-term liabilities1,316 — 
Total derivative instruments presented as hedging instruments on the balance sheet12,532 10,573 
Non-derivative foreign currency denominated debt designated as net investment hedge on the balance sheet (1)
Long-term debt99,147 98,187 
Total hedging instruments presented on the balance sheet111,679 108,760 
Gross amounts subject to master netting arrangements not offset on the balance sheet(988)(1,783)
Net amount $110,691 $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.