Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Fair Value of Derivative Instruments and the Balance Sheet Lines in Which They Are Recorded

The following table sets forth the fair values of derivative instruments held by the Company as of September 30, 2023 and December 31, 2022 and the balance sheet lines in which they are recorded:

	Fair Value Asset (Liability)
	September 30, 2023		December 31, 2022		Balance Sheet Caption
Foreign currency forward	$	1,980	$	944	Prepaid and other current assets
Foreign currency forward	(931)		(2,760)		Other accrued expenses

Schedule of Other Comprehensive Earnings for the Gains on Net Investment Hedges

Amounts recognized in other comprehensive earnings for the gains (losses) on net investment hedges were as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Gain on euro-denominated debt	$	32,773	$	94,731	$	262	$	179,221
Tax expense	(7,274)		(21,020)		(58)		(39,990)
Net gain on net investment hedges, net of tax	$	25,499	$	73,711	$	204	$	139,231

Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following table presents the Company’s assets and liabilities measured at fair value on a recurring basis as of September 30, 2023 and December 31, 2022:

	September 30, 2023		December 31, 2022
	Level 2		Level 2
Assets:
Foreign currency cash flow hedges	$	1,980	$	944
Liabilities:
Foreign currency cash flow hedges	931		2,760