XML 51 R38.htm IDEA: XBRL DOCUMENT v3.24.0.1

DERIVATIVE INSTRUMENTS AND HEDGING STRATEGIES (Tables)

12 Months Ended

Dec. 31, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Aggregate Notional Amounts Outstanding

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

Forward Contracts			December 31, 2023						December 31, 2022
Derivatives designated as hedging instruments:
Sell			$	1,249,662					$	808,635
Purchase			$	198,408					$	177,393
Derivatives not designated as hedging instruments:
Sell			$	350,269					$	218,903
Purchase			$	90,102					$	6,785

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, 2023						December 31, 2022
Derivatives designated as hedging instruments:
Asset Derivatives - Level 2 (1)
Other current assets			$	6,663					$	19,464
Other assets			1,855						2,059
Subtotal			$	8,518					$	21,523
Liability Derivatives - Level 2 (1)
Accounts payable and accrued liabilities			$	30,005					$	12,130
Other long-term liabilities			8,171						1,074
Subtotal			$	38,176					$	13,204
Derivatives not designated as hedging instruments:
Asset Derivatives - Level 2 (1)
Other current assets			$	547					$	1,472
Liability Derivatives - Level 2 (1)
Accounts payable and accrued liabilities			$	3,848					$	471
Total Derivatives Assets			$	9,065					$	22,995
Total Derivatives Liabilities			$	42,024					$	13,675

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

Schedule of Impact of Gains and Losses from Consolidated Statements of Operations

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,
						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									$	(186)											$	48,541
Operating expenses									$	350											$	(11,917)
Derivatives Not Designated as Hedging Instruments									Gains (Losses) Recognized in Earnings												Gains (Losses) Recognized in Earnings
Operating expenses									$	(8,808)											$	872

X

- References

No definition available.

+ Details

Name:	us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4E
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480434/815-10-50-4E

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480434/815-10-50-4A

+ Details

Name:	us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480434/815-10-50-4B

+ Details

Name:	us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480434/815-10-50-4B

+ Details

Name:	us-gaap_ScheduleOfForeignExchangeContractsStatementOfFinancialPositionTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration