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Derivatives and Hedging (Tables)

12 Months Ended

Dec. 31, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of fair values of derivatives designated as hedging instruments under ASC 815

The fair values of derivatives designated as hedging instruments follows:

			Asset Derivatives												Liability Derivatives
(in thousands)			Balance Sheet Location			December 31, 2020			December 31, 2019						Balance Sheet Location			December 31, 2020			December 31, 2019
Foreign currency contracts			Other current assets			$	20,004		$	2,871					Other accrued liabilities			$	4		$	1,585
Commodity contracts			Other current assets			—			10						Other accrued liabilities			—			—
Foreign currency contracts			Other assets			2,184			3,757						Noncurrent liabilities			25			4,747
Total						$	22,188		$	6,638								$	29		$	6,332

Schedule of derivative instrument gain (loss)

The after-tax amount of gain (loss) recognized in OCI and reclassified from AOCI into earnings associated with derivative instruments designated as cash flow hedges follows:

			After-Tax Amount of Gain (Loss) Recognized in OCI															After-Tax Amount of Gain (Loss) Reclassified from AOCI into Earnings
Cash Flow Hedges (in thousands)			2020			2019			2018						Location of Gain (Loss)			2020			2019			2018
Foreign currency contracts			$	19,608		$	1,043		$	(5,207)					Cost of revenue			$	2,382		$	(1,041)		$	(4,432)
Commodity contracts			(107)			460			—						Cost of revenue			(100)			453			—
Interest rate contracts			—			—			—						Interest expense			(1,678)			(1,049)			(1,049)
Total			$	19,501		$	1,503		$	(5,207)								$	604		$	(1,637)		$	(5,481)

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- 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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4E
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624181-113959

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5618551-113959

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624171-113959

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- 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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624163-113959

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