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ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables) | 3 Months Ended
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Mar. 31, 2025
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 Three Months Ended March 31, 2025
|  | Unrealized Gain (Loss) on Cash Flow Hedges, Net of Tax |  | Unrealized Gain (Loss) on Net Investment Hedges, Net of Tax |  |  |  |  |  |
(in thousands) |  | 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, 2024 |  | $ | 12,785 |  |  | $ | 542 |  |  | $ | 6,451 |  |  | $ | 7,409 |  |  | $ | (3,908) |  |  | $ | (116,924) |  |  | $ | (93,645) |
Other comprehensive (loss) income before reclassifications |  | (5,153) |  |  | 59 |  |  | (3,006) |  |  | (3,605) |  |  | — |  |  | 18,101 |  |  | 6,396 |
Reclassified from accumulated other comprehensive income |  | (2,711) |  |  | (247) |  |  | — |  |  | — |  |  | 116 |  |  | — |  |  | (2,842) |
Balance as of March 31, 2025 |  | $ | 4,921 |  |  | $ | 354 |  |  | $ | 3,445 |  |  | $ | 3,804 |  |  | $ | (3,792) |  |  | $ | (98,823) |  |  | $ | (90,091) |
|  | For the Three Months Ended March 31, 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 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 |  |  | 5,848 |  |  | 2,106 |  |  | 1,618 |  |  | 2,049 |  |  | — |  |  | (19,773) |  |  | (8,151) |
Reclassified from accumulated other comprehensive income |  | 163 |  |  | (567) |  |  | (730) |  |  | — |  |  | — |  |  | 94 |  |  | — |  |  | (1,040) |
Balance as of March 31, 2024 |  | $ | — |  |  | $ | 2,884 |  |  | $ | 2,482 |  |  | $ | 3,964 |  |  | $ | 3,477 |  |  | $ | (3,465) |  |  | $ | (89,739) |  |  | $ | (80,397) |
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 March 31,
|  |  |  | 2025 |  | 2024
Foreign currency exchange contracts |  | Cost of revenue |  | $ | 3,745 |  |  | $ | 810 |
|  | Provision for income taxes |  | (1,034) |  |  | (243) |
|  | Gain, net of tax |  | $ | 2,711 |  |  | $ | 567 |
Interest rate swap contracts |  | Interest expense |  | $ | 324 |  |  | $ | 957 |
|  | Provision for income taxes |  | (77) |  |  | (227) |
|  | Gain, net of tax |  | $ | 247 |  |  | $ | 730 |
Investments |  | General and administrative expense |  | $ | — |  |  | $ | (214) |
|  | Provision for income taxes |  | — |  |  | 51 |
|  | Loss, net of tax |  | $ | — |  |  | $ | (163) |
Defined benefit plans |  | Cost of revenue and operating expenses |  | $ | (138) |  |  | $ | (113) |
|  | Provision for income taxes |  | 22 |  |  | 19 |
|  | Loss, net of tax |  | $ | (116) |  |  | $ | (94) |

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