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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

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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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 https://asc.fasb.org/extlink&oid=125515794&loc=SL5624181-113959

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-Name Accounting Standards Codification
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-Section 50
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-Name Accounting Standards Codification
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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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
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Tabular disclosure of the notional amounts of outstanding derivative positions.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
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