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Fair value measurements (Tables) | 9 Months Ended
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Sep. 30, 2025
Fair Value Disclosures [Abstract] |
Schedule of Fair Value Measurements of Financial Assets and Liabilities | The fair value measurements of these financial assets and liabilities were determined using the following inputs as of December 31, 2024 and September 30, 2025:
| As of December 31, 2024
| Fair Value Measurements at Reporting Date Using
|  |  | Quoted Prices in Active Markets for Identical Assets |  | Significant Other Observable Inputs |  | Significant Other Unobservable Inputs
| Total |  | (Level 1) |  | (Level 2) |  | (Level 3)
Assets |  |  |  |  |  |  |
Derivative instruments (Note a, c) | $ | 22,001 |  |  | $ | — |  |  | $ | 22,001 |  |  | $ | — |
Deferred compensation plan assets (Note a, e) | 61,549 |  |  | — |  |  | — |  |  | 61,549 |
Total | $ | 83,550 |  |  | $ | — |  |  | $ | 22,001 |  |  | $ | 61,549 |
Liabilities |  |  |  |  |  |  |
Derivative instruments (Note b, c) | 58,699 |  |  | — |  |  | 58,699 |  |  | — |
Deferred compensation plan liability (Note b, f) | 60,924 |  |  | — |  |  | — |  |  | 60,924 |
Total | $ | 119,623 |  |  | $ | — |  |  | $ | 58,699 |  |  | $ | 60,924 |
| As of September 30, 2025
| Fair Value Measurements at Reporting Date Using
|  |  | Quoted Prices in Active Markets for Identical Assets |  | Significant Other Observable Inputs |  | Significant Other Unobservable Inputs
| Total |  | (Level 1) |  | (Level 2) |  | (Level 3)
Assets |  |  |  |  |  |  |
Derivative instruments (Note a, c) | $ | 13,757 |  |  | $ | — |  |  | $ | 13,757 |  |  | $ | — |
Deferred compensation plan assets (Note a, e) | 73,279 |  |  | — |  |  | — |  |  | 73,279 |
Total | $ | 87,036 |  |  | $ | — |  |  | $ | 13,757 |  |  | $ | 73,279 |
Liabilities |  |  |  |  |  |  |
Earn-out consideration (Note b, d) | 77,500 |  |  | — |  |  | — |  |  | 77,500 |
Derivative instruments (Note b, c) | 96,069 |  |  | — |  |  | 96,069 |  |  | — |
Deferred compensation plan liability (Note b, f) | 72,663 |  |  | — |  |  | — |  |  | 72,663 |
Total | $ | 246,232 |  |  | $ | — |  |  | $ | 96,069 |  |  | $ | 150,163 |
5. Fair value measurements (Continued) (a)Derivative assets are included in “prepaid expenses and other current assets” and “other assets” in the consolidated balance sheets. Deferred compensation plan assets are included in “other assets” in the consolidated balance sheets. (b)Included in “accrued expenses and other current liabilities” and “other liabilities” in the consolidated balance sheets. (c)The Company values its derivative instruments based on market observable inputs, including both forward and spot prices for the relevant currencies and interest rate indices for relevant interest rates. The quotes are taken from an independent market database. (d)The fair value of earn-out consideration, calculated as the present value of expected future payments to be made to the sellers of acquired businesses, was derived by estimating the future financial performance of the acquired businesses using the earn-out formulas and performance targets specified in the purchase agreement and adjusting the result to reflect the Company’s estimate of the likelihood of achievement of such targets. Given the significance of the unobservable inputs, the valuations are classified in level 3 of the fair value hierarchy. (e)Deferred compensation plan assets consist of life insurance policies held under a Rabbi Trust. Assets held in the Rabbi Trust are valued based on the cash surrender value of the insurance contract, which is determined based on the fair value of the underlying assets included in the insurance portfolio and are therefore classified within level 3 of the fair value hierarchy. (f)The fair value of the deferred compensation plan liability is derived based on the fair value of the underlying assets in the insurance policies and is therefore classified within level 3 of the fair value hierarchy.
Schedule of Fair Value of Earn-out Consideration | The following table provides a roll-forward of the fair value of earn-out consideration categorized as level 3 in the fair value hierarchy for the three and nine months ended September 30, 2024 and 2025:
| Three months ended September 30, |  | Nine months ended September 30,
| 2024 |  | 2025 |  | 2024 |  | 2025
Opening balance | $ | — |  |  | $ | 77,500 |  |  | $ | — |  |  | $ | — |
Earn-out consideration payable in connection with acquisitions | — |  |  | — |  |  | — |  |  | 77,500 |
Closing balance | $ | — |  |  | $ | 77,500 |  |  | $ | — |  |  | $ | 77,500 |
Schedule of Fair Value of Deferred Compensation Plan Assets | The following table provides a roll-forward of the fair value of deferred compensation plan assets categorized as level 3 in the fair value hierarchy for the three and nine months ended September 30, 2024 and 2025:
| Three months ended September 30, |  | Nine months ended September 30,
| 2024 |  | 2025 |  | 2024 |  | 2025
Opening balance | $ | 56,992 |  |  | $ | 68,356 |  |  | $ | 51,983 |  |  | $ | 61,549 |
Additions (net of redemption) | 747 |  |  | 834 |  |  | 1,547 |  |  | 3,179 |
Change in fair value of deferred compensation plan assets (Note a) | 3,252 |  |  | 4,089 |  |  | 7,461 |  |  | 8,551 |
Closing balance | $ | 60,991 |  |  | $ | 73,279 |  |  | $ | 60,991 |  |  | $ | 73,279 |
(a)Changes in the fair value of plan assets are reported in “other income (expense), net” in the consolidated statements of income.
Schedule of Fair Value of Deferred Compensation Plan Liabilities | The following table provides a roll-forward of the fair value of deferred compensation plan liabilities categorized as level 3 in the fair value hierarchy for the three and nine months ended September 30, 2024 and 2025:
| Three months ended September 30, |  | Nine months ended September 30,
| 2024 |  | 2025 |  | 2024 |  | 2025
Opening balance | $ | 56,311 |  |  | $ | 67,732 |  |  | $ | 51,354 |  |  | $ | 60,924 |
Additions (net of redemption) | 746 |  |  | 834 |  |  | 1,547 |  |  | 3,179 |
Change in fair value of deferred compensation plan liabilities (Note a) | 3,297 |  |  | 4,097 |  |  | 7,453 |  |  | 8,560 |
Closing balance | $ | 60,354 |  |  | $ | 72,663 |  |  | $ | 60,354 |  |  | $ | 72,663 |
(a)Changes in the fair value of deferred compensation plan liabilities are reported in “selling, general and administrative expenses” in the consolidated statements of income.

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- Definition Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 101 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-101 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-3 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- Definition Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- Definition Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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