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DERIVATIVE INSTRUMENTS AND HEDGING STRATEGIES (Tables) | 6 Months Ended
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Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Derivatives Designated as Hedging Instruments Outstanding | The following table summarizes the aggregate notional amounts for the Company’s derivatives outstanding as of the periods presented.
Forward Contracts | June 30, 2023 |  | December 31, 2022
Derivatives designated as hedging instruments: |  |  |
Sell | $ | 745,960 |  |  | $ | 808,635 |
Purchase | $ | 154,649 |  |  | $ | 177,393 |
Derivatives not designated as hedging instruments: |  |  |
Sell | $ | 308,486 |  |  | $ | 218,903 |
Purchase | $ | 21,479 |  |  | $ | 6,785 |
Schedule of Fair Value Carrying Amount of Derivatives | The fair value carrying amounts of the Company’s derivatives, which are classified as Level 2 within the fair value hierarchy, were as follows:
Balance Sheet Location | June 30, 2023 |  | December 31, 2022
Derivatives designated as hedging instruments: |  |  |
Asset Derivatives |  |  |
Other current assets | $ | 13,659 |  |  | $ | 19,464 |
Other assets | 1,728 |  |  | 2,059 |
Subtotal | $ | 15,387 |  |  | $ | 21,523 |
Liability Derivatives |  |  |
Accounts payable and accrued liabilities | $ | 18,445 |  |  | $ | 12,130 |
Other long-term liabilities | 5,252 |  |  | 1,074 |
Subtotal | $ | 23,697 |  |  | $ | 13,204 |
Derivatives not designated as hedging instruments: |  |  |
Asset Derivatives |  |  |
Other current assets | $ | 3,448 |  |  | $ | 1,472 |
Liability Derivatives |  |  |
Accounts payable and accrued liabilities | $ | 1,127 |  |  | $ | 471 |
Total Derivatives Assets | $ | 18,835 |  |  | $ | 22,995 |
Total Derivatives Liabilities | $ | 24,824 |  |  | $ | 13,675 |
Schedule of Impact of Gains and Losses from Derivatives Designated as Hedging Instruments | The following tables summarize the impact of gains and losses from the Company's derivatives on its Condensed Consolidated Statements of Comprehensive Income for the periods presented.
| Three Months Ended June 30,
| 2023 |  | 2022
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 |  | $ | 677 |  |  | $ | 5,927 |
Operating expenses |  | $ | (26) |  |  | $ | (1,800) |
Derivatives Not Designated as Hedging Instruments |  | Gains (Losses) Recognized in Earnings |  | Gains (Losses) Recognized in Earnings
Operating expenses |  | $ | 769 |  |  | $ | 4,950 |
| Six Months Ended June 30,
| 2023 |  | 2022
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 |  | $ | 4,147 |  |  | $ | 11,499 |
Operating expenses |  | $ | (482) |  |  | $ | (3,179) |
Derivatives Not Designated as Hedging Instruments |  | Gains (Losses) Recognized in Earnings |  | Gains (Losses) Recognized in Earnings
Operating expenses |  | $ | (3,394) |  |  | $ | 6,241 |

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