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DERIVATIVE FINANCIAL INSTRUMENTS (Tables) | 12 Months Ended
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Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Fair Values of Derivative Assets and Liabilities | The fair values of derivative assets and liabilities, net, all of which are classified as Level 2, are reported within either ‘Prepaid expenses and other assets’ or ‘Accrued expenses and other liabilities’ in the consolidated balance sheets and were:
| December 31, 2022 |  | December 31, 2021
| Derivative Assets |  | Derivative Liabilities |  | Derivative Assets |  | Derivative Liabilities
| (in thousands)
Non-hedged derivatives: |  |  |  |  |  |  |
Forward foreign currency exchange contracts | $ | 345 |  |  | $ | (360) |  |  | $ | 724 |  |  | $ | (938) |
Netting of counterparty contracts | (345) |  |  | 345 |  |  | (724) |  |  | 724 |
Foreign currency forward contract derivatives | — |  |  | (15) |  |  | — |  |  | (214) |
Hedged derivatives: |  |  |  |  |  |  |
Cash flow foreign currency contracts | 348 |  |  | (1,116) |  |  | — |  |  | — |
Netting of counterparty contracts | — |  |  | — |  |  | — |  |  | — |
Cash flow foreign currency contract derivatives | 348 |  |  | (1,116) |  |  | — |  |  | — |
Total derivatives | $ | 348 |  |  | $ | (1,131) |  |  | $ | — |  |  | $ | (214) |
Summary of Derivative Financial Instruments Notional Amounts on Outstanding Positions | The notional amounts of outstanding forward foreign currency exchange contracts shown below report the total U.S. Dollar equivalent position and the net contract fair values for each foreign currency position.
| December 31, 2022 |  | December 31, 2021
| Notional |  | Fair Value |  | Notional |  | Fair Value
| (in thousands)
Non-hedged derivatives: |  |  |  |  |  |  |
Singapore Dollar | $ | 26,760 |  |  | $ | 207 |  |  | $ | 43,723 |  |  | $ | (296) |
Indian Rupee | 24,945 |  |  | (10) |  |  | 10,379 |  |  | (86) |
South Korean Won | 18,403 |  |  | (320) |  |  | 14,201 |  |  | (112) |
British Pound Sterling | 14,509 |  |  | 128 |  |  | 25,795 |  |  | 104 |
Japanese Yen | 8,953 |  |  | 9 |  |  | 12,910 |  |  | 80 |
Euro | 5,068 |  |  | (29) |  |  | 21,198 |  |  | 162 |
Other currencies | — |  |  | — |  |  | 19,481 |  |  | (66) |
Total non-hedged derivatives | 98,638 |  |  | (15) |  |  | 147,687 |  |  | (214) |
Hedged derivatives: |  |  |  |  |  |  |
Euro | 51,914 |  |  | (360) |  |  | — |  |  | — |
British Pound Sterling | 23,025 |  |  | 235 |  |  | — |  |  | — |
South Korean Won | 12,285 |  |  | (756) |  |  | — |  |  | — |
Indian Rupee | 7,203 |  |  | 113 |  |  | — |  |  | — |
Total hedged derivatives | 94,427 |  |  | (768) |  |  | — |  |  | — |
Total derivatives | $ | 193,065 |  |  | $ | (783) |  |  | $ | 147,687 |  |  | $ | (214) |
Latest maturity date, non-hedged derivatives | April 2023 |  | January 2022
Latest maturity date, hedged derivatives | June 2023 |  | N/A
Schedule of Gains / Losses from Foreign Currency Transactions and Derivative Contracts | Amounts reported in ‘Foreign currency gains (losses), net’ in the consolidated statements of operations include both realized and unrealized gains (losses) from foreign currency transactions and derivative contracts and were as follows:
| Year Ended December 31,
| 2022 |  | 2021 |  | 2020
| (in thousands)
Non-hedged derivatives: |  |  |  |  |
Foreign currency transaction gains (losses) | $ | (2,858) |  |  | $ | 100 |  |  | $ | 941 |
Foreign currency forward exchange contracts gains (losses) | 6,086 |  |  | (240) |  |  | (2,069) |
Foreign currency gains (losses), net | $ | 3,228 |  |  | $ | (140) |  |  | $ | (1,128) |

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