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Derivatives and Hedging - (Tables) | 9 Months Ended
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Sep. 30, 2021
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 |  | September 30, 2021 |  | December 31, 2020 |  | Balance Sheet Location |  | September 30, 2021 |  | December 31, 2020
Foreign currency contracts |  | Other current assets |  | $ | 14,831 |  |  | $ | 20,004 |  |  | Other accrued liabilities |  | $ | 357 |  |  | $ | 4 |
Foreign currency contracts |  | Other assets |  | 2,132 |  |  | 2,184 |  |  | Noncurrent liabilities |  | 93 |  |  | 25 |
Total |  |  |  | $ | 16,963 |  |  | $ | 22,188 |  |  |  |  | $ | 450 |  |  | $ | 29 |
Schedule of derivative instrument gain (loss) | The after-tax amount of gain (loss) recognized in OCI associated with derivative instruments designated as cash flow hedges follows:
| 3ME September 30, |  | 9ME September 30,
Cash Flow Hedges (in thousands) | 2021 |  | 2020 |  | 2021 |  | 2020
Foreign currency contracts | 1,530 |  |  | 10,112 |  |  | 7,716 |  |  | 6,115 |
Commodity contracts | — |  |  | — |  |  | — |  |  | (108) |
| 1,530 |  |  | 10,112 |  |  | 7,716 |  |  | 6,007 |
Schedule of after-tax amount of gain (loss) recognized in OCI and reclassified from AOCI into earnings associated with derivative instruments designated as cash flow hedges | The after-tax amount of gain (loss) reclassified from AOCI into earnings associated with derivative instruments designated as cash flow hedges follows:
|  |  |  | 3ME September 30, |  | 9ME September 30,
Cash Flow Hedges (in thousands) |  | Location of Gain (Loss) |  | 2021 |  | 2020 |  | 2021 |  | 2020
Foreign currency contracts |  | Cost of revenue |  | $ | 3,084 |  |  | $ | 943 |  |  | $ | 12,585 |  |  | $ | 1,482 |
Commodity contracts |  | Cost of revenue |  | — |  |  | — |  |  | — |  |  | (100) |
Interest rate contracts |  | Interest expense |  | 725 |  |  | (419) |  |  | (114) |  |  | (1,258) |
Total |  |  |  | $ | 3,809 |  |  | $ | 524 |  |  | $ | 12,471 |  |  | $ | 124 |

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- Definition Tabular disclosure of gain (loss) on derivative and nonderivative instruments designated and qualifying as cash flow hedge recorded in accumulated other comprehensive income (AOCI) and reclassified into earnings. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 + Details
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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=125515794&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=125515794&loc=SL5618551-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 + Details
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