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Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The fair values of our derivative instruments were as follows:


		Fair Value
Derivatives Assets	Balance Sheet Location	September 30, 2022		December 31, 2021
Derivatives not designated as hedging instruments under ASC 815-20		In thousands








Foreign exchange forward contracts	Other current assets	$	570	$	37
Total asset derivatives		$	570	$	37

Derivatives Liabilities




Derivatives not designated as hedging instruments under ASC 815-20
Foreign exchange forward contracts	Other current liabilities	$	862	$	135
Total liability derivatives		$	862	$	135

Accumulated OCI for Derivative and Nonderivative Instruments Designated as Hedging Instruments, Net of Tax

The changes in accumulated other comprehensive income (loss) (AOCI), net of tax, for our derivative and nonderivative hedging instruments designated as hedging instruments, net of tax, were as follows:


In thousands	2022		2021
Net unrealized gain (loss) on hedging instruments at January 1,	$	14,590	$	(16,001)
Unrealized gain (loss) on derivative instruments	—		1,085
Realized (gains) losses reclassified into net income (loss)	—		733
Net unrealized gain (loss) on hedging instruments at September 30,	$	14,590	$	(14,183)

Offsetting Assets

A summary of the effect of netting arrangements on our financial position related to the offsetting of our recognized derivative assets and liabilities under master netting arrangements or similar agreements is as follows:


Offsetting of Derivative Assets	Gross Amounts of Recognized Assets Presented in the Consolidated Balance Sheets		Gross Amounts Not Offset in the Consolidated Balance Sheets
In thousands			Derivative Financial Instruments		Cash Collateral Received		Net Amount
September 30, 2022	$	570	$	(567)	$	—	$	3

December 31, 2021	37		(37)		—		—

Offsetting Liabilities


Offsetting of Derivative Liabilities	Gross Amounts of Recognized Liabilities Presented in the Consolidated Balance Sheets		Gross Amounts Not Offset in the Consolidated Balance Sheets
In thousands			Derivative Financial Instruments		Cash Collateral Pledged		Net Amount
September 30, 2022	$	862	$	(567)	$	—	$	295

December 31, 2021	135		(37)		—		98

Effect of Cash Flow Derivatives on the Balance Sheet and Income Statement, Before Tax

The before-tax effects of our accounting for derivative instruments designated as hedges on AOCI were as follows:


Derivatives in ASC 815-20 Cash Flow Hedging Relationships	Amount of Gain (Loss) Recognized in OCI on Derivative				Gain (Loss) Reclassified from AOCI into Income
					Location	Amount
In thousands	2022		2021			2022		2021
Three Months Ended September 30,



Foreign exchange options	$	—	$	478	Product cost of revenues	$	—	$	(32)



Nine Months Ended September 30,
Interest rate swap contract	$	—	$	73	Interest expense	$	—	$	(229)
Interest rate swap contract	—		—		Other income (expense), net	—		(1,681)

Foreign exchange options	—		367		Product cost of revenues	—		(40)
Cross currency swap contract	—		669		Interest expense	—		94
Cross currency swap contract	—		—		Other income (expense), net	—		656

Foreign Exchange Derivatives Not Designated As Hedging Instruments

The effect of our derivative instruments not designated as hedges on the Consolidated Statements of Operations was as follows:


Derivatives Not Designated as Hedging Instrument under ASC 815-20	Location	Gain (Loss) Recognized on Derivatives in Other Income (Expense)
In thousands		2022		2021
Three Months Ended September 30,
Foreign exchange forward contracts	Other income (expense), net	$	1,338	$	673


Nine Months Ended September 30,
Foreign exchange forward contracts	Other income (expense), net	$	1,299	$	210