XML 45 R30.htm IDEA: XBRL DOCUMENT v3.22.4
Derivative Financial Instruments and Hedging (Tables)
12 Months Ended
Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Disclosure of notional amount of derivatives by hedging designation

The notional amounts of outstanding foreign currency contracts in U.S. dollar as of the periods presented were as follows:

 

 

December 31,

 

 

 

2022

 

 

2021

 

 

 

(in thousands)

 

Derivatives Designated as Hedging Instruments:

 

 

 

 

 

 

Foreign currency contracts

 

$

42,854

 

 

$

45,971

 

Derivatives Not Designated as Hedging Instruments:

 

 

 

 

 

 

Foreign currency contracts

 

 

17,555

 

 

 

4,975

 

Total derivative instruments

 

$

60,409

 

 

$

50,946

 

 

 

Derivative instruments, gain (loss)

The effect of foreign currency contracts on the Consolidated Statements of Operations during the periods presented were as follows:

 

 

Derivatives Designated as Hedging Instruments

 

 

Derivatives Not Designated as Hedging Instruments

 

 

 

December 31,

 

 

December 31,

 

 

 

2022

 

 

2021

 

 

2020

 

 

2022

 

 

2021

 

 

2020

 

Statement of Operations Location:

 

(in thousands)

 

Cost of revenue: subscription–self-managed and SaaS

 

$

(314

)

 

$

74

 

 

$

68

 

 

$

 

 

$

 

 

$

 

Research and development

 

 

(2,660

)

 

 

504

 

 

 

426

 

 

 

 

 

 

 

 

 

 

Sales and marketing

 

 

(540

)

 

 

120

 

 

 

141

 

 

 

 

 

 

 

 

 

 

General and administrative

 

 

(650

)

 

 

166

 

 

 

163

 

 

 

 

 

 

 

 

 

 

Interest and other income, net

 

 

8

 

 

 

8

 

 

 

 

 

 

(527

)

 

 

345

 

 

 

62

 

Total gains (losses) recognized in earnings

 

$

(4,156

)

 

$

872

 

 

$

798

 

 

$

(527

)

 

$

345

 

 

$

62