Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2021

Fair Value Disclosures [Abstract]

Schedule of Derivative Instrument Fair Values

The following table presents the location and amounts of derivative instrument fair values in the Condensed Consolidated Balance Sheets:

Assets/(liabilities)	March 31, 2021		December 31, 2020
Designated as hedging instruments:
Gross amounts recognized	$	(11,211)	$	(13,238)
Gross amounts offset	—		—
Net amounts	$	(11,211)	$	(13,238)
Not designated as hedging instruments:
Gross amounts recognized	$	(214)	$	(1,156)
Gross amounts offset	70		148
Net amounts	$	(144)	$	(1,008)
Net amounts presented:
Accrued liabilities	$	(7,543)	$	(8,591)
Other long-term liabilities	(3,812)		(5,655)

Schedule of Gains and Losses on Derivative Instrument Cash Flow Hedges

The following table presents the location and amount of gains and losses on derivative instruments designated as cash flow hedges in the Condensed Consolidated Statements of Operations:

	Three Months Ended March 31,
	2021		2020
Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss) on Derivatives	$	573	$	(3,601)
Amount of (Loss) Gain Reclassified from Accumulated Other Comprehensive Income (Loss) into Earnings
Net sales	$	(763)	$	180
Interest expense	(778)		(30)
Other non-operating income	207		360
	$	(1,334)	$	510

The following table presents the location and amount of gains and losses on foreign exchange contract derivatives not designated as hedging instruments in the Condensed Consolidated Statements of Operations.

	Three Months Ended March 31,
	2021		2020
Other non-operating (expense) income	$	(913)	$	6,248

Schedule of Fair Value Hierarchy for Assets and Liabilities Measured at Fair Value

The following table presents the Company’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of March 31, 2021 and December 31, 2020:

	March 31, 2021
	Total Liabilities		Quoted Prices in Active Markets for Identical Assets Level (1)		Significant Other Observable Inputs Level (2)		Significant Unobservable Inputs Level (3)
Foreign Currency Derivatives	$	(4,653)	$	—	$	(4,653)	$	—
Interest Rate Swaps	(6,702)		—		(6,702)		—
Stock-based Liabilities	(25,756)		(25,756)		—		—

	December 31, 2020
	Total Liabilities		Quoted Prices in Active Markets for Identical Assets Level (1)		Significant Other Observable Inputs Level (2)		Significant Unobservable Inputs Level (3)
Foreign Currency Derivatives	$	(5,644)	$	—	$	(5,644)	$	—
Interest Rate Swaps	(8,602)		—		(8,602)		—
Stock-based Liabilities	(18,712)		(18,712)		—		—