DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

6 Months Ended

Jun. 30, 2023

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

Schedule of fair value of derivative instrument

	Fair value
	June 30,		December 31,
Derivatives designated as hedging instruments	2023		2022		Balance Sheet location
Assets:
Commodity contracts	$	—	$	—	Accounts receivable, net
Liabilities:
Commodity contracts	$	(1,129)	$	—	Accrued liabilities
Commodity contracts	$	(137)	$	—	Other liabilities

	Fair value
	June 30,		December 31,
Derivatives not designated as hedging instruments	2023		2022		Balance Sheet location
Assets:
Foreign currency exchange contracts	$	270	$	965	Accounts receivable, net
Liabilities:
Foreign currency exchange contracts	$	(92)	$	(4,698)	Accrued liabilities

Schedule of changes in the fair values of derivatives designated as cash flow hedges had on other comprehensive income ("OCI"), AOCI and earnings

Three-months ended June 30, 2023
Derivatives				Gain (loss)
designated as	Gain (loss) recognized		Location of gain (loss)	reclassified from
hedging instruments	in AOCI		recognized in income	AOCI into income
Commodity contracts	$	(1,266)	Cost of sales	$	—

Six-months ended June 30, 2023
Derivatives				Gain (loss)
designated as	Gain (loss) recognized		Location of gain (loss)	reclassified from
hedging instruments	in AOCI		recognized in income	AOCI into income
Commodity contracts	$	(1,266)	Cost of sales	$	—

Schedule of net loss on derivative instruments in the consolidated statements of income

		Gain (loss)
		recognized in income on
		derivatives
		Three-months ended
Derivatives not designated as	Location of gain (loss)	June 30,		June 30,
hedging instruments	recognized in income on derivatives	2023		2022
Foreign currency exchange contracts	Interest and other income (expense), net	$	(1,924)	$	743

		Gain (loss)
		recognized in income on
		derivatives
		Six-months ended
Derivatives not designated as	Location of gain (loss)	June 30,		June 30,
hedging instruments	recognized in income on derivatives	2023		2022
Foreign currency exchange contracts	Interest and other income (expense), net	$	(9,775)	$	(3,275)