XML 50 R38.htm IDEA: XBRL DOCUMENT
v3.25.3

Derivative Instruments, Hedging Activities and Fair Value (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of fair value of outstanding derivative contracts | The fair value of outstanding derivative contracts recorded as assets and liabilities on the Company's Condensed Consolidated Balance Sheets was as follows:
(In thousands) |  | Balance Sheet Location |  | Fair Value of Derivatives Designated as Hedging Instruments |  | Fair Value of Derivatives Not Designated as Hedging Instruments |  | Total Fair Value
September 30, 2025 |  |  |  |  |  |  |  |
Asset derivatives (Level 2): |  |  |  |  |  |  |  |
Foreign currency exchange forward contracts |  | Other current assets |  | $ | 59 |  |  | $ | 1,699 |  |  | $ | 1,758 |
Interest rate swaps |  | Other current assets |  | 804 |  |  | — |  |  | 804 |
Interest rate swaps |  | Other assets |  | 187 |  |  | — |  |  | 187 |
Total |  |  |  | $ | 1,050 |  |  | $ | 1,699 |  |  | $ | 2,749 |
Liability derivatives (Level 2):
Foreign currency exchange forward contracts |  | Derivative liabilities |  | $ | 801 |  |  | $ | 33,072 |  |  | $ | 33,873 |
Interest rate swaps |  | Derivative liabilities |  | 156 |  |  | — |  |  | 156 |
Total |  |  |  | $ | 957 |  |  | $ | 33,072 |  |  | $ | 34,029 |
December 31, 2024 |  |  |  |  |  |  |  |
Asset derivatives (Level 2): |  |  |  |  |  |  |  |
Foreign currency exchange forward contracts |  | Other current assets |  | $ | 347 |  |  | $ | 7,590 |  |  | $ | 7,937 |
Interest rate swaps |  | Other assets |  | 5,250 |  |  | — |  |  | $ | 5,250 |
Total |  |  |  | $ | 5,597 |  |  | $ | 7,590 |  |  | $ | 13,187 |
Liability derivatives (Level 2):
Foreign currency exchange forward contracts |  | Derivative liabilities |  | $ | 80 |  |  | $ | 987 |  |  | $ | 1,067 |
Interest rate swaps |  | Derivative liabilities |  | 217 |  |  | — |  |  | 217 |
Total |  |  |  | $ | 297 |  |  | $ | 987 |  |  | $ | 1,284 |
Schedule of effect of derivative instruments | The effect of derivative instruments on the Company's Condensed Consolidated Statements of Comprehensive Income (Loss) was as follows: Derivatives Designated as Hedging
|  | Gain (Loss) Recognized in OCI on Derivatives |  | Loss (Gain) Reclassified from AOCI into Income - Effective Portion or Equity
|  | Three Months Ended |  | Three Months Ended
|  | September 30 |  | September 30
(In thousands) |  | 2025 |  | 2024 |  | 2025 |  | 2024
Foreign currency exchange forward contracts |  | $ | 97 |  |  | $ | (1,188) |  |  | $ | 503 |  |  | $ | 541 |
Interest rate swaps |  | 230 |  |  | (3,284) |  |  | (119) |  |  | (866) |
|  | $ | 327 |  |  | $ | (4,472) |  |  | $ | 384 |  |  | $ | (325) |
|  | Gain (Loss) Recognized in OCI on Derivatives |  | Loss (Gain) Reclassified from AOCI into Income - Effective Portion or Equity
|  | Nine Months Ended |  | Nine Months Ended
|  | September 30 |  | September 30
(In thousands) |  | 2025 |  | 2024 |  | 2025 |  | 2024
Foreign currency exchange forward contracts |  | $ | (2,214) |  |  | $ | (938) |  |  | $ | 1,392 |  |  | $ | 44 |
Interest rate swaps |  | (3,850) |  |  | 1,394 |  |  | (349) |  |  | (2,619) |
|  | $ | (6,064) |  |  | $ | 456 |  |  | $ | 1,043 |  |  | $ | (2,575) |
The location and amount of gain (loss) recognized on the Company's Condensed Consolidated Statements of Operations was as follows:
|  | Three Months Ended
|  | September 30
|  | 2025 |  | 2024
(In thousands) |  | Product Revenues |  |  |  | Interest Expense |  |  |  | Product Revenues |  |  |  | Interest Expense |  |
Total amounts in the Condensed Consolidated Statement of Operations in which the effects of derivatives designated as hedging instruments are recorded |  | $ | 68,940 |  |  |  |  | $ | (28,353) |  |  |  |  | $ | 85,495 |  |  |  |  | $ | (28,813) |  |  |
Interest rate swaps: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gain (loss) reclassified from AOCI into income |  | — |  |  |  |  | 119 |  |  |  |  | — |  |  |  |  | 866 |  |  |
Foreign exchange contracts: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gain (loss) reclassified from AOCI into income |  | (503) |  |  |  |  | — |  |  |  |  | (541) |  |  |  |  | — |  |  |
|  | Nine Months Ended
|  | September 30
|  | 2025 |  | 2024
(In thousands) |  | Product Revenues |  | Interest Expense |  |  |  |  |  | Product Revenues |  |  |  | Interest Expense |  |
Total amounts in the Condensed Consolidated Statement of Operations in which the effects of derivatives designated as hedging instruments are recorded |  | $ | 197,397 |  |  | $ | (82,527) |  |  |  |  |  |  | $ | 291,368 |  |  |  |  | $ | (84,869) |  |  |
Interest rate swaps: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gain (loss) reclassified from AOCI into income |  | — |  |  | 349 |  |  |  |  |  |  | — |  |  |  |  | 2,619 |  |  |
Foreign exchange contracts: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gain (loss) reclassified from AOCI into income |  | (1,392) |  |  | — |  |  |  |  |  |  | (44) |  |  |  |  | — |  |  |
Derivatives Not Designated as Hedging Instruments
|  | Location of Gain (Loss) Recognized in Income on Derivatives (a) |  | Amount of Gain (Loss) Recognized in Income on Derivatives (a)
|  |  | Three Months Ended |  | Nine Months Ended
|  |  | September 30 |  | September 30
(In thousands) |  |  | 2025 |  | 2024 |  | 2025 |  | 2024
Foreign currency exchange forward contracts |  | Cost of services and products sold |  | $ | 3,841 |  |  | $ | (18,569) |  |  | $ | (42,296) |  |  | $ | (6,344) |
(a) These gains (losses) offset other amounts recognized in cost of services and products sold principally as a result of intercompany or third party foreign currency exposures.

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 the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration