XML 53 R38.htm IDEA: XBRL DOCUMENT v3.25.4
Derivatives and Hedging Activities (Tables)
 12 Months Ended
Dec. 31, 2025
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 LocationForeign Exchange Forward ContractsInterest Rate SwapsGross Derivatives
As of December 31, 2025
Prepaid expenses and other current assets$1,093 $3,745 $4,838 
Other assets70 664 734 
Total assets$1,163 $4,409 $5,572 
Accrued liabilities$479 $1,508 $1,987 
Other long-term liabilities67 3,196 3,263 
Total liabilities$546 $4,704 $5,250 
Derivatives Designated as Cash Flow Hedging Instruments
As of December 31, 2024Foreign Exchange Forward ContractsForward-Starting Interest Rate SwapsGross Derivatives
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 
Other long-term liabilities— — — 
Total liabilities$7,391 $— $7,391 
Derivative Instruments, Gain (Loss) 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 OperationsYear Ended December 31,
202520242023
Derivatives designated as cash flow hedging instruments:
Foreign exchange forward contractsTotal revenues$1,237 $2,981 $296 
Foreign exchange forward contractsCost of goods sold1,147 91 7,852 
Foreign exchange forward contracts
Other expense, net(1)
— — 229 
Foreign exchange forward contracts
Interest expense(2)
— — 13 
Interest rate swapsInterest expense12,042 27,132 32,444 
Total derivatives designated as cash flow hedging instruments$14,426 $30,204 $40,834 
_______________________________
(1) Represents location of gain reclassified from accumulated other comprehensive (loss) income into other expense, net as a result of ineffectiveness.
(2) Represents location of gain reclassified from accumulated other comprehensive (loss) income into interest expense as a result of a forecasted transaction being no longer probable of occurring.
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 (Loss) Recognized in Other Comprehensive Loss
Year Ended December 31,
202520242023
Derivatives designated as cash flow hedging instruments:
Foreign exchange forward contracts$3,508 $(1,912)$10,788 
Interest rate swaps(5,015)15,954 5,200 
Total derivatives designated as cash flow hedging instruments$(1,507)$14,042 $15,988