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DERIVATIVE INSTRUMENTS AND HEDGING STRATEGIES (Tables)

12 Months Ended

Dec. 31, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Forward Foreign Currency Exchange Contracts Outstanding

The following table summarizes the aggregate notional amounts for the Company’s derivatives outstanding as of the periods presented.

Forward Contracts			December 31, 2022						December 31, 2021
Derivatives designated as hedging instruments:
Sell			$	808,635					$	740,667
Purchase			$	177,393					$	183,256
Derivatives not designated as hedging instruments:
Sell			$	218,903					$	113,257
Purchase			$	6,785					$	31,068

Schedule of Fair Value Carrying Amount of Derivative Instruments

The fair value carrying amounts of the Company’s derivatives, as classified within the fair value hierarchy, were as follows:

Balance Sheet Location			December 31, 2022						December 31, 2021
Derivatives designated as hedging instruments:
Asset Derivatives - Level 2 (1)
Other current assets			$	19,464					$	17,357
Other assets			2,059						4,991
Subtotal			$	21,523					$	22,348
Liability Derivatives - Level 2 (1)
Accounts payable and accrued liabilities			$	12,130					$	5,487
Other long-term liabilities			1,074						1,378
Subtotal			$	13,204					$	6,865
Derivatives not designated as hedging instruments:
Asset Derivatives - Level 2 (1)
Other current assets			$	1,472					$	427
Liability Derivatives - Level 2 (1)
Accounts payable and accrued liabilities			$	471					$	776
Total Derivatives Assets			$	22,995					$	22,775
Total Derivatives Liabilities			$	13,675					$	7,641

(1)    Refer to Note 1 to these Consolidated Financial Statements for additional information related to the Company’s fair value measurements.

Schedule of Effect of Derivative Instruments

The following tables summarize the impact of gains and losses from the Company's derivatives on its Consolidated Statements of Operations for the periods presented.

						Years Ended December 31,
						2022												2021
Derivatives Designated as Cash Flow Hedging Instruments									Cash Flow Hedging Gains (Losses) Reclassified into Earnings												Cash Flow Hedging Gains (Losses) Reclassified into Earnings
Net product revenues									$	48,541											$	196
Operating expenses									$	(11,917)											$	(1,650)
Derivatives Not Designated as Hedging Instruments									Gains (Losses) Recognized in Earnings												Gains (Losses) Recognized in Earnings
Operating expenses									$	872											$	1,548

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Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

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Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4E
-URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624181-113959

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Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

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Tabular disclosure of the presentation of foreign exchange contracts on the statement of financial position, including the fair value amounts and location of such amounts.

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