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6. Derivative Financial Instruments (Tables) | 9 Months Ended
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Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block] | The following tables present the fair values of derivative instruments included in our condensed consolidated balance sheets as of September 30, 2024 and December 31, 2023 (in thousands):
|  | September 30, 2024
|  | Other Current Assets |  |  |  | Other Current Liabilities |  |
Derivatives designated as hedging instruments: |  |  |  |  |  |  |  |
Commodity swap contracts |  | $ | — |  |  |  |  | $ | 469 |  |  |
Total derivatives designated as hedging instruments |  | $ | — |  |  |  |  | $ | 469 |  |  |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |  |
Foreign exchange forward contracts |  | $ | 2,228 |  |  |  |  | $ | 2,602 |  |  |
Total derivatives not designated as hedging instruments |  | $ | 2,228 |  |  |  |  | $ | 2,602 |  |  |
Total derivative instruments |  | $ | 2,228 |  |  |  |  | $ | 3,071 |  |  |
|  | December 31, 2023
|  | Other Current Assets |  |  |  | Other Current Liabilities |  |
Derivatives designated as hedging instruments: |  |  |  |  |  |  |  |
Commodity swap contracts |  | $ | — |  |  |  |  | $ | 344 |  |  |
Total derivatives designated as hedging instruments |  | $ | — |  |  |  |  | $ | 344 |  |  |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |  |
Foreign exchange forward contracts |  | $ | 1,778 |  |  |  |  | $ | 1,400 |  |  |
Total derivatives not designated as hedging instruments |  | $ | 1,778 |  |  |  |  | $ | 1,400 |  |  |
Total derivative instruments |  | $ | 1,778 |  |  |  |  | $ | 1,744 |  |  |
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) [Table Text Block] | The following table presents the pretax amounts related to derivative instruments designated as cash flow hedges affecting accumulated other comprehensive income (loss) and our condensed consolidated statements of operations for the nine months ended September 30, 2024 and 2023 (in thousands):
|  |  |  | Commodity Swap Contracts |  |
Balance as of December 31, 2023 |  |  |  | $ | (1,493) |  |  |
Amounts recognized in other comprehensive income (loss) |  |  |  | (1,094) |  |  |
Amount reclassified to cost of sales |  |  |  | 1,715 |  |  |
Balance as of September 30, 2024 |  |  |  | $ | (872) |  |  |
Balance as of December 31, 2022 |  |  |  | $ | (7,242) |  |  |
Amounts recognized in other comprehensive income (loss) |  |  |  | (962) |  |  |
Amount reclassified to cost of sales |  |  |  | 5,576 |  |  |
Balance as of September 30, 2023 |  |  |  | $ | (2,628) |  |  |
Derivative Instruments, Gain (Loss) [Table Text Block] | The following table presents the effect of derivative instruments not designated as hedges on our condensed consolidated statements of operations for the three and nine months ended September 30, 2024 and 2023 (in thousands):
|  |  |  | Amount of Gain (Loss) Recognized in Income Statement
|  |  |  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  | Income Statement Line Item |  | 2024 |  | 2023 |  | 2024 |  | 2023
Foreign exchange forward contracts |  | Foreign currency loss, net |  | $ | 12,759 |  |  | $ | 4,533 |  |  | $ | (3,049) |  |  | $ | (9,568) |
Schedule of Notional Value of Foreign Exchange Forward Derivatives [Table Text Block] | As of September 30, 2024 and December 31, 2023, the notional values of our foreign exchange forward contracts that do not qualify for hedge accounting were as follows (notional amounts and U.S. dollar equivalents in millions):
|  | September 30, 2024
Transaction |  | Currency |  | Notional Amount |  | USD Equivalent
Sell |  | Canadian dollar |  | CAD 4.2 |  | $3.1
Purchase |  | Euro |  | €155.5 |  | $173.6
Sell |  | Euro |  | €8.6 |  | $9.6
Purchase |  | Indian rupee |  | INR 18,055.0 |  | $215.7
Sell |  | Indian rupee |  | INR 83,157.0 |  | $993.3
Purchase |  | Japanese yen |  | ¥1,464.0 |  | $10.3
Sell |  | Japanese yen |  | ¥563.6 |  | $4.0
Purchase |  | Malaysian ringgit |  | MYR 193.0 |  | $46.8
Sell |  | Malaysian ringgit |  | MYR 17.0 |  | $4.1
Sell |  | Mexican peso |  | MXN 34.6 |  | $1.8
Purchase |  | Singapore dollar |  | SGD 14.1 |  | $11.0
Sell |  | Singapore dollar |  | SGD 19.7 |  | $15.4
|  | December 31, 2023
Transaction |  | Currency |  | Notional Amount |  | USD Equivalent
Sell |  | Canadian dollar |  | CAD 4.2 |  | $3.2
Sell |  | Chilean peso |  | CLP 1,372.6 |  | $1.6
Purchase |  | Euro |  | €98.3 |  | $108.7
Sell |  | Euro |  | €14.1 |  | $15.6
Sell |  | Indian rupee |  | INR 62,967.4 |  | $756.9
Purchase |  | Japanese yen |  | ¥1,053.6 |  | $7.5
Sell |  | Japanese yen |  | ¥705.2 |  | $5.0
Purchase |  | Malaysian ringgit |  | MYR 160.7 |  | $35.0
Sell |  | Mexican peso |  | MXN 34.6 |  | $2.0
Purchase |  | Singapore dollar |  | SGD 6.5 |  | $4.9

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