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DERIVATIVE FINANCIAL INSTRUMENTS (Tables) | 6 Months Ended
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Jun. 30, 2025
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, reported within either ‘Prepaid expenses and other assets’ or ‘Accrued expenses and other liabilities’ in the condensed consolidated balance sheets, were:
| June 30, 2025 |  | December 31, 2024
| Derivative Assets |  | Derivative Liabilities |  | Derivative Assets |  | Derivative Liabilities
| (in thousands)
Non-hedged derivatives: |  |  |  |  |  |  |
Forward foreign currency exchange contracts | $ | 804 |  |  | $ | (1,082) |  |  | $ | 2,691 |  |  | $ | (3,433) |
Hedged derivatives: |  |  |  |  |  |  |
Cash flow foreign currency contracts | 92 |  |  | (265) |  |  | 1,242 |  |  | (856) |
Total derivatives | 896 |  |  | (1,347) |  |  | 3,933 |  |  | (4,289) |
Netting of counterparty contracts | (676) |  |  | 676 |  |  | (2,762) |  |  | 2,762 |
Total derivatives, net of counterparty contracts | $ | 220 |  |  | $ | (671) |  |  | $ | 1,171 |  |  | $ | (1,527) |
Schedule of Derivative Financial Instruments Notional Amounts on Outstanding Positions | The notional amounts of outstanding foreign currency forward exchange contracts presented below report the total U.S. Dollar equivalent position and the net contract fair values for each foreign currency position.
| June 30, 2025 |  | December 31, 2024
| Notional |  | Fair Value |  | Notional |  | Fair Value
| (in thousands)
Non-hedged derivatives |  |  |  |  |  |  |
Euro | $ | 7,855 |  |  | $ | (171) |  |  | $ | 49,833 |  |  | $ | (1,303) |
Singapore Dollar | 22,506 |  |  | 493 |  |  | 31,524 |  |  | (1,251) |
British Pound Sterling | 1,339 |  |  | 35 |  |  | 28,223 |  |  | 536 |
South Korean Won | 18,295 |  |  | (836) |  |  | 9,274 |  |  | 655 |
Japanese Yen | 7,516 |  |  | 220 |  |  | 5,510 |  |  | 289 |
Indian Rupee | 2,493 |  |  | 3 |  |  | 494 |  |  | 8 |
Other currencies | 8,990 |  |  | (21) |  |  | 24,613 |  |  | 324 |
Total non-hedged derivatives | 68,994 |  |  | (277) |  |  | 149,471 |  |  | (742) |
Hedged derivatives: |  |  |  |  |  |  |
Chinese Yuan | 8,952 |  |  | (13) |  |  | 40,458 |  |  | (553) |
British Pound Sterling | 5,351 |  |  | 92 |  |  | 23,678 |  |  | (303) |
Euro | 2,207 |  |  | (236) |  |  | 17,246 |  |  | 628 |
South Korean Won | 641 |  |  | (17) |  |  | 8,790 |  |  | 614 |
Total hedged derivatives | 17,151 |  |  | (174) |  |  | 90,172 |  |  | 386 |
Total derivatives | $ | 86,145 |  |  | $ | (451) |  |  | $ | 239,643 |  |  | $ | (356) |
Latest maturity date, non-hedged derivatives | July 2025 |  | January 2025
Latest maturity date, hedged derivatives | October 2025 |  | October 2025
Schedule of Gain (Losses) from Foreign Currency Transactions and Derivative Contracts | Amounts reported in ‘Foreign currency gains (losses), net’ in the condensed consolidated statements of operations include both realized and unrealized gains (losses) from foreign currency transactions and derivative contracts and were:
| Three Months Ended June 30, |  | Six Months Ended June 30, |  |
| 2025 |  | 2024 |  | 2025 |  | 2024 |  |  |  |
| (in thousands)
Foreign currency transaction gains (losses) | $ | 612 |  |  | $ | (1,513) |  |  | $ | 5,361 |  |  | $ | (2,933) |  |  |  |  |
Foreign currency forward exchange contracts gains (losses) | (178) |  |  | 190 |  |  | (54) |  |  | (663) |  |  |  |  |
Foreign currency gains (losses), net | $ | 434 |  |  | $ | (1,323) |  |  | $ | 5,307 |  |  | $ | (3,596) |  |  |  |  |

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