Derivative Instruments and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2020

Derivative Instruments and Hedging Activities [Abstract]

Schedule of derivative instruments in statement of financial position fair value

	Asset Derivatives					Liability Derivatives
		Fair Value					Fair Value
(in thousands)	Balance Sheet Location	December 31, 2020		December 31, 2019		Balance Sheet Location	December 31, 2020		December 31, 2019
Derivatives not designated as hedging instruments
Foreign currency exchange contracts	Other current assets	$	80,879	$	54,765	Other current liabilities	$	(65,905)	$	(41,935	)

Schedule of offsetting assets and liabilities

							Gross Amounts Not Offset in the Consolidated Balance Sheet
As of December 31, 2020	Gross Amounts of Recognized Assets		Gross Amounts Offset in the Consolidated Balance Sheet		Net Amounts Presented in the Consolidated Balance Sheet		Financial Instruments			Cash Collateral Received			Net Amounts
Derivatives subject to a master netting arrangement or similar agreement	$	80,879	$	—	$	80,879	$	(44,893	)	$	(2,778	)	$	33,208
As of December 31, 2019
Derivatives subject to a master netting arrangement or similar agreement	$	54,765	$	—	$	54,765	$	(34,935	)	$	(7,362	)	$	12,468

Offsetting of Derivative Liabilities

									Gross Amounts Not Offset in the Consolidated Balance Sheet
As of December 31, 2020	Gross Amounts of Recognized Liabilities			Gross Amounts Offset in the Consolidated Balance Sheet		Net Amounts Presented in the Consolidated Balance Sheet			Financial Instruments		Cash Collateral Paid		Net Amounts
Derivatives subject to a master netting arrangement or similar agreement	$	(65,905	)	$	—	$	(65,905	)	$	44,893	$	12,272	$	(8,740	)
As of December 31, 2019
Derivatives subject to a master netting arrangement or similar agreement	$	(41,935	)	$	—	$	(41,935	)	$	34,935	$	827	$	(6,173	)

Schedule of derivative instruments gain (loss)

		Amount of (Loss) Gain Recognized in Income on Derivative Contracts (a)
	Location of (Loss) Gain Recognized in Income on Derivative Contracts	Year Ended December 31,
(in thousands)		2020		2019		2018
Foreign currency exchange contracts - Ria Operations	Foreign currency exchange (loss) gain, net	$	(1,499)	$	62	$	173