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Derivative Instruments and Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The notional amounts of the Company’s outstanding derivative instruments as of March 31, 2025 and December 31, 2024 were as follows:

						March 31, 2025						December 31, 2024
Derivative instruments designated as accounting hedges:
Foreign exchange contracts						$	282,122					$	90,031

Schedule of Fair Value by Balance Sheet

The fair value of the Company’s outstanding derivative instruments as of March 31, 2025 and December 31, 2024 were as follows:

			Balance Sheet Classification						March 31, 2025						December 31, 2024
Assets:
Forward contracts			Other current assets						$	4,972					$	2,175
Liabilities:
Forward contracts			Other current liabilities						$	192					$	816

Schedule of Derivative Instruments

The following table presents the pretax impact of gains from the Company's designated derivative instruments on its Condensed Consolidated Financial Statements for the periods ended March 31, 2025 and March 31, 2024:

			March 31, 2025						March 31, 2024
Cash flow hedges:
Foreign exchange contracts			$	3,475					$	1,687

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Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

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Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

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Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

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