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DERIVATIVE INSTRUMENTS AND HEDGING STRATEGIES (Tables)

6 Months Ended

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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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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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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