XML 58 R42.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Derivatives and Hedging Activities (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
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 consolidated balance sheets (in thousands):
|  | Derivatives Designated as Cash Flow Hedging Instruments |  |
Consolidated Balance Sheet Location |  | Foreign Exchange Forward Contracts |  | Interest Rate Swaps |  | Gross Derivatives
As of December 31, 2024 |  |  |  |  |  |
Prepaid expenses and other current assets |  | $ | 6,716 |  |  | $ | 11,038 |  |  | $ | 17,754 |
Other assets |  | — |  |  | 5,724 |  |  | 5,724 |
Total assets |  | $ | 6,716 |  |  | $ | 16,762 |  |  | $ | 23,478 |
Accrued liabilities |  | $ | 7,391 |  |  | $ | — |  |  | $ | 7,391 |
Total liabilities |  | $ | 7,391 |  |  | $ | — |  |  | $ | 7,391 |
|  | Derivatives Designated as Cash Flow Hedging Instruments |  |
As of December 31, 2023 |  | Foreign Exchange Forward Contracts |  | Forward-Starting Interest Rate Swaps |  | Gross Derivatives
Prepaid expenses and other current assets |  | $ | 6,785 |  |  | $ | 23,065 |  |  | $ | 29,850 |
Other assets |  | 673 |  |  | 4,876 |  |  | 5,549 |
Total assets |  | $ | 7,458 |  |  | $ | 27,941 |  |  | $ | 35,399 |
Accrued liabilities |  | $ | 2,590 |  |  | $ | — |  |  | $ | 2,590 |
Other long-term liabilities |  | 240 |  |  | — |  |  | 240 |
Total liabilities |  | $ | 2,830 |  |  | $ | — |  |  | $ | 2,830 |
The following table presents the effects of our derivative instruments designated as cash flow hedges on the Consolidated Statements of Operations (in thousands):
| Gain Reclassified From Accumulated Other Comprehensive (Loss) Income into Income
| Location of Gain in the Consolidated Statements of Operations |  | Year Ended December 31,
|  | 2024 |  | 2023 |  | 2022
Derivatives designated as cash flow hedging instruments: |  |  |  |  |  |  |
Foreign exchange forward contracts | Total revenues |  | $ | 2,981 |  |  | $ | 296 |  |  | $ | 3,829 |
Foreign exchange forward contracts | Cost of goods sold |  | 91 |  |  | 7,852 |  |  | 7,751 |
Foreign exchange forward contracts | Other expense, net(1) |  | — |  |  | 229 |  |  | — |
Foreign exchange forward contracts | Interest expense(2) |  | — |  |  | 13 |  |  | 717 |
Interest rate swaps | Interest expense |  | 27,132 |  |  | 32,444 |  |  | 6,122 |
Total derivatives designated as cash flow hedging instruments |  |  | $ | 30,204 |  |  | $ | 40,834 |  |  | $ | 18,419 |
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block] | We recognized the following (losses) gains on our derivative instruments designated as cash flow hedges in other comprehensive loss before reclassifications to income (in thousands):
|  | Amount of Gain Recognized in Other Comprehensive Loss
|  | Year Ended December 31,
|  | 2024 |  | 2023 |  | 2022
Derivatives designated as cash flow hedging instruments: |  |  |  |  |  |
Foreign exchange forward contracts |  | $ | (1,912) |  |  | $ | 10,788 |  |  | $ | 9,588 |
Interest rate swaps |  | 15,954 |  |  | 5,200 |  |  | 62,786 |
Total derivatives designated as cash flow hedging instruments |  | $ | 14,042 |  |  | $ | 15,988 |  |  | $ | 72,374 |

X
- References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of gain (loss) on derivative and nonderivative instruments designated and qualifying as cash flow hedge recorded in accumulated other comprehensive income (AOCI) and reclassified into earnings. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4C -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C + Details
Name: | us-gaap_ScheduleOfCashFlowHedgesIncludedInAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for cash flow hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4C -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C + Details
Name: | us-gaap_ScheduleOfCashFlowHedgingInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration