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Financial Instruments and Risk Management (Tables) | 9 Months Ended
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Sep. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Gross Notional Amount of Outstanding Derivatives | The following table presents the gross notional amount of outstanding derivative instruments:
(in thousands) |  | September 30, 2023 |  | December 31, 2022 |  | September 30, 2022
Derivative instruments designated as cash flow hedges: |  |  |  |  |  |
Currency forward contracts |  | $ | 548,424 |  |  | $ | 514,365 |  |  | $ | 459,189 |
Derivative instruments not designated as hedges: |  |  |  |  |  |
Currency forward contracts |  | $ | 477,843 |  |  | $ | 448,838 |  |  | $ | 287,825 |
Balance Sheet Classification and Fair Value of Derivative Instruments | The following table presents the balance sheet classification and fair value of derivative instruments:
(in thousands) | Balance Sheet Classification |  | September 30, 2023 |  | December 31, 2022 |  | September 30, 2022
Derivative instruments designated as cash flow hedges: |  |  |  |  |  |  |
Derivative instruments in asset positions: |  |  |  |  |  |  |
Currency forward contracts | Prepaid expenses and other current assets |  | $ | 17,121 |  |  | $ | 20,306 |  |  | $ | 32,289 |
Currency forward contracts | Other non-current assets |  | 6,511 |  |  | 7,153 |  |  | 13,919 |
Derivative instruments in liability positions: |  |  |  |  |  |  |
Currency forward contracts | Accrued liabilities |  | 972 |  |  | 1,249 |  |  | — |
Currency forward contracts | Other long-term liabilities |  | 104 |  |  | 1,770 |  |  | 436 |
Derivative instruments not designated as cash flow hedges: |  |  |  |  |  |  |
Derivative instruments in asset positions: |  |  |  |  |  |  |
Currency forward contracts | Prepaid expenses and other current assets |  | 4,485 |  |  | 3,027 |  |  | 2,912 |
Derivative instruments in liability positions: |  |  |  |  |  |  |
Currency forward contracts | Accrued liabilities |  | 1,389 |  |  | 2,533 |  |  | 1,514 |
Effect and Classification of Derivative Instruments | The following table presents the statement of operations effect and classification of derivative instruments:
| Statement Of Operations Classification |  | Three Months Ended September 30, |  | Nine Months Ended September 30,
(in thousands) |  | 2023 |  | 2022 |  | 2023 |  | 2022 |  |
Currency Forward Contracts: |  |  |  |  |  |  |  |  |  |  |
Derivative instruments designated as cash flow hedges: |  |  |  |  |  |  |  |  |  |  |
Gain recognized in other comprehensive income (loss), net of tax | — |  | $ | 9,876 |  |  | $ | 17,191 |  |  | $ | 10,602 |  |  | $ | 31,780 |  |  |
Gain (loss) reclassified from accumulated other comprehensive income (loss) to income for the effective portion | Net sales |  | (236) |  |  | (28) |  |  | 10 |  |  | (204) |  |  |
Gain reclassified from accumulated other comprehensive income (loss) to income for the effective portion | Cost of sales |  | 8,874 |  |  | 4,114 |  |  | 18,149 |  |  | 5,373 |  |  |
Gain (loss) reclassified from accumulated other comprehensive income (loss) to income as a result of cash flow hedge discontinuance | Other non-operating income (expense), net |  | — |  |  | — |  |  | (2) |  |  | 222 |  |  |
Derivative instruments not designated as cash flow hedges: |  |  |  |  |  |  |  |  |  |  |
Gain recognized in income | Other non-operating income (expense), net |  | 3,313 |  |  | 1,341 |  |  | 2,033 |  |  | 2,638 |  |  |

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