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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.

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- 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

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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.

+ 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

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