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Derivative Financial Instruments (Tables) | 9 Months Ended
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Sep. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block] | The following table presents the fair values of our derivative instruments included within the Condensed Consolidated Balance Sheets (in thousands):
|  | Derivatives Designated as Cash Flow Hedging Instruments |  |
Condensed Consolidated Balance Sheet Location |  | Foreign Exchange Contracts |  | Interest Rate Swaps |  | Gross Derivatives
As of September 30, 2023 |  |  |  |  |  |
Prepaid expenses and other current assets |  | $ | 8,630 |  |  | $ | 30,447 |  |  | $ | 39,077 |
Other assets |  | 542 |  |  | 22,167 |  |  | 22,709 |
Total assets |  | $ | 9,172 |  |  | $ | 52,614 |  |  | $ | 61,786 |
Accrued liabilities |  | $ | 1,890 |  |  | $ | — |  |  | $ | 1,890 |
Other long-term liabilities |  | 91 |  |  | — |  |  | 91 |
Total liabilities |  | $ | 1,981 |  |  | $ | — |  |  | $ | 1,981 |
As of December 31, 2022 |  |  |  |  |  |
Prepaid expenses and other current assets |  | $ | 4,860 |  |  | $ | 28,431 |  |  | $ | 33,291 |
Other assets |  | 94 |  |  | 26,753 |  |  | 26,847 |
Total assets |  | $ | 4,954 |  |  | $ | 55,184 |  |  | $ | 60,138 |
Accrued liabilities |  | $ | 1,847 |  |  | $ | — |  |  | $ | 1,847 |
Other long-term liabilities |  | 167 |  |  | — |  |  | 167 |
Total liabilities |  | $ | 2,014 |  |  | $ | — |  |  | $ | 2,014 |
We recognized the following gains on our derivative instruments designated as cash flow hedges in other comprehensive income before reclassifications to net loss (in thousands):
|  | Gain Recognized in Other Comprehensive Income
|  | Three months ended September 30, |  | Nine months ended September 30,
|  | 2023 |  | 2022 |  | 2023 |  | 2022
Derivatives designated as cash flow hedging instruments: |  |  |  |  |  |  |  |
Foreign exchange contracts |  | $ | 1,757 |  |  | $ | 3,383 |  |  | $ | 10,260 |  |  | $ | 11,720 |
Interest rate swaps |  | 12,496 |  |  | 21,201 |  |  | 21,236 |  |  | 60,398 |
Total derivatives designated as cash flow hedging instruments |  | $ | 14,253 |  |  | $ | 24,584 |  |  | $ | 31,496 |  |  | $ | 72,118 |
The following table presents the effects of our derivative instruments designated as cash flow hedges on the Condensed Consolidated Statements of Operations (in thousands):
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block] |
|  | Gain (Loss) Reclassified From Accumulated Other Comprehensive Loss into Income
|  |  |  | Three months ended September 30, |  | Nine months ended September 30,
|  | Location of Gain (Loss) Recognized in Income |  | 2023 |  | 2022 |  | 2023 |  | 2022
Derivatives designated as cash flow hedging instruments: |  |  |  |  |  |  |  |  |  |
Foreign exchange contracts |  | Total revenues |  | $ | 1,019 |  |  | $ | (1,690) |  |  | $ | (429) |  |  | $ | 2,666 |
Foreign exchange contracts |  | Cost of goods sold |  | 2,247 |  |  | 3,090 |  |  | 6,063 |  |  | 4,140 |
Foreign exchange contracts |  | Other expense, net | (1) | — |  |  | — |  |  | 229 |  |  | — |
Foreign exchange contracts |  | Interest expense | (2) | — |  |  | 462 |  |  | 13 |  |  | 717 |
Interest rate swaps |  | Interest expense |  | 8,813 |  |  | 2,133 |  |  | 23,807 |  |  | 608 |
Total derivatives designated as cash flow hedging instruments |  |  |  | $ | 12,079 |  |  | $ | 3,995 |  |  | $ | 29,683 |  |  | $ | 8,131 |
_______________________________ (1) Represents location of gain reclassified from accumulated other comprehensive loss into income as a result of ineffectiveness. (2) Represents location of gain reclassified from accumulated other comprehensive loss into income as a result of forecasted transactions no longer probable of occurring. As of September 30, 2023, we expect an estimated $6.7 million in deferred gains on the outstanding foreign exchange contracts and an estimated $31.6 million in deferred gains on the interest rate swaps will be reclassified from accumulated other comprehensive loss to net income during the next 12 months concurrent with the underlying hedged transactions also being reported in net income.

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