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Derivatives and Risk Management (Tables) | 12 Months Ended
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Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Notional Amounts of Outstanding Derivative Positions | The gross notional amounts of open derivative contracts designated as cash flow hedges as of December 31, 2021 and 2020, were as follows (in thousands):
Description of Derivative Contract |  | 2021 |  | 2020
FX derivative contracts to be exchanged for British Pounds |  | $ | 11,160 |  |  | $ | 9,545 |
FX derivative contracts to be exchanged for Japanese Yen |  | 6,648 |  |  | 18,637 |
FX derivative contracts to be exchanged for Euros |  | 58,224 |  |  | 47,444 |
|  | $ | 76,032 |  |  | $ | 75,626 |
Schedule of Cash Flow Hedges Included in AOCI | After-tax net gain associated with derivatives designated as cash flow hedges recorded in the ending balance of AOCI and the amount expected to be reclassified to earnings in the next 12 months are as follows (in thousands):
Description of Derivative Contract |  | After-tax Net Loss in AOCI as of December 31, 2021 |  | After-tax Net Loss Expected to be Reclassified to Earnings in Next 12 Months
FX derivative contracts |  | $ | (945) |  |  | $ | (945) |
Pre-tax gains (losses) for derivative contracts designated as cash flow hedges recognized in OCI and the amount reclassified to earnings from AOCI were as follows (in thousands):
|  |  |  | Year Ended December 31, 2021
Description of Derivative Contract |  | Location in Earnings of Reclassified Gain or Loss |  | Losses Recognized in OCI |  | (Losses) Gains Reclassified from AOCI to Earnings:
FX derivative contracts |  | Foreign exchange and other gains/(losses) |  | $ | (3,922) |  |  | $ | (2,333) |
FX derivative contracts |  | SG&A |  | — |  |  | 2,408 |
|  |  |  | $ | (3,922) |  |  | $ | 75 |
|  |  |  | Year Ended December 31, 2020
Description of Derivative Contract |  | Location in Earnings of Reclassified Gain or Loss |  | Gains Recognized in OCI |  | (Losses) Gains Reclassified from AOCI to Earnings:
FX derivative contracts |  | Foreign exchange and other gains/(losses) |  | $ | 1,724 |  |  | $ | (1,522) |
FX derivative contracts |  | SG&A |  | — |  |  | 980 |
Interest rate swap contracts |  | Interest expense |  | — |  |  | (113) |
|  |  |  | $ | 1,724 |  |  | $ | (655) |
|  |  |  | Year Ended December 31, 2019
Description of Derivative Contract |  | Location in Earnings of Reclassified Gain or Loss |  | Gains Recognized in OCI |  | Gains (Losses) Reclassified from AOCI to Earnings:
FX derivative contracts |  | Foreign exchange and other gains/(losses) |  | $ | 2,757 |  |  | $ | 3,003 |
FX derivative contracts |  | SG&A |  | — |  |  | (2,071) |
Interest rate swap contracts |  | Interest expense |  | — |  |  | (92) |
|  |  |  | $ | 2,757 |  |  | $ | 840 |
Schedule of Fair Value of Derivative Instruments in Statement of Financial Position | The following tables present the fair value and the location of derivative contracts reported on the consolidated balance sheets (in thousands):
December 31, 2021 |  | Asset Derivatives |  | Liability Derivatives
Derivatives Designated as Hedging Instruments |  | Balance Sheet Location |  | Fair Value (1) |  | Balance Sheet Location |  | Fair Value (1)
FX derivative contracts |  | Accrued liabilities |  | $ | 243 |  |  | Accrued liabilities |  | $ | 1,286 |
Total derivatives designated as hedging instruments |  |  |  | 243 |  |  |  |  | 1,286 |
Derivatives Not Designated as Hedging Instruments |  |  |  |  |  |  |  |
FX derivative contracts |  | Accrued liabilities |  | 61 |  |  | Accrued liabilities |  | 427 |
Capped call derivatives |  | Current derivative assets |  | 106,629 |  |  |  |  |
Embedded exchange feature |  |  |  |  |  | Current derivative liabilities |  | 181,700 |
Total derivatives not designated as hedging instruments |  |  |  | 106,690 |  |  |  |  | 182,127 |
Total derivatives |  |  |  | $ | 106,933 |  |  |  |  | $ | 183,413 |
December 31, 2020 |  | Asset Derivatives |  | Liability Derivatives
Derivatives Designated as Hedging Instruments |  | Balance Sheet Location |  | Fair Value (1) |  | Balance Sheet Location |  | Fair Value (1)
FX derivative contracts |  | Prepaid expenses and other current assets |  | $ | 1,998 |  |  | Accrued liabilities |  | $ | 14 |
FX derivative contracts |  | Accrued liabilities |  | 895 |  |  |  |  |
Total derivatives designated as hedging instruments |  |  |  | 2,893 |  |  |  |  | 14 |
Derivatives Not Designated as Hedging Instruments |  |  |  |  |  |  |  |
Interest rate swap contracts |  |  |  |  |  | Accrued liabilities |  | 74 |
FX derivative contracts |  | Prepaid expenses and other current assets |  | 55 |  |  | Accrued liabilities |  | 4,073 |
Capped call derivatives |  | Long-term derivative assets |  | 72,302 |  |  |  |  |
Embedded exchange feature |  |  |  |  |  | Long-term derivative liability |  | 121,756 |
Other derivatives |  |  |  |  |  | Accrued liabilities |  | 4,106 |
Other derivatives |  |  |  |  |  | Long-term derivative liability |  | 184 |
Total derivatives not designated as hedging instruments |  |  |  | 72,357 |  |  |  |  | 130,193 |
Total derivatives |  |  |  | $ | 75,250 |  |  |  |  | $ | 130,207 |
(1)For the classification of inputs used to evaluate the fair value of our derivatives, refer to “Note 9. Fair Value Measurements.”

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