Accumulated Other Comprehensive Income (Tables)

9 Months Ended

Sep. 30, 2021

Equity [Abstract]

Schedule of accumulated other comprehensive income

The changes in AOCI, net of tax, consisted of the following:

	For the Nine Months Ended September 30, 2021
			Unrealized Gain (Loss) on Cash Flow Hedges, Net of Tax		Unrealized (Loss) Gain on Net Investment Hedges, Net of Tax
(in thousands)	Unrealized Gain (Loss) on Investments, Net of Tax		Foreign Currency Exchange Contracts		Euro-Denominated Notes		Cross Currency Swaps		Cumulative Translation Adjustment		Total
Balance as of December 31, 2020	$	(272)	$	(9,934)	$	(5,982)	$	(2,159)	$	(35,268)	$	(53,615)
Other comprehensive income (loss) before reclassifications	153		7,300		4,235		4,561		(20,213)		(3,964)
Loss reclassified from accumulated other comprehensive income	—		5,522		—		—		—		5,522
Balance as of September 30, 2021	$	(119)	$	2,888	$	(1,747)	$	2,402	$	(55,481)	$	(52,057)

	For the Nine Months Ended September 30, 2020
			Unrealized Gain (Loss) on Cash Flow Hedges, Net of Tax		Unrealized Gain (Loss) on Net Investment Hedges, Net of Tax
(in thousands)	Unrealized (Loss) Gain on Investments, Net of Tax		Foreign Currency Exchange Contracts		Euro-Denominated Notes		Cross Currency Swaps		Cumulative Translation Adjustment		Total
Balance as of December 31, 2019	$	110	$	(736)	$	1,396	$	3,467	$	(50,419)	$	(46,182)
Other comprehensive (loss) income before reclassifications	(408)		(623)		(3,466)		(1,339)		(7,871)		(13,707)
Gain reclassified from accumulated other comprehensive income	—		(2,036)		—		—		—		(2,036)
Balance as of September 30, 2020	$	(298)	$	(3,395)	$	(2,070)	$	2,128	$	(58,290)	$	(61,925)

Summary of reclassifications out of other comprehensive income

The following tables present components and amounts reclassified out of AOCI to net income:

(in thousands)	Affected Line Item in the Statements of Income	Amounts Reclassified from AOCI For the Three Months Ended September 30,
		2021		2020
Gain (loss) on derivative instruments classified as cash flow hedges included in net income:
Foreign currency exchange contracts	Cost of revenue	$	(1,583)	$	(591)
	Tax expense (benefit)	(330)		(53)
	Gain (loss), net of tax	$	(1,253)	$	(538)

(in thousands)	Affected Line Item in the Statements of Income	Amounts Reclassified from AOCI For the Nine Months Ended September 30,
		2021		2020
Gain (loss) on derivative instruments classified as cash flow hedges included in net income:
Foreign currency exchange contracts	Cost of revenue	$	(6,728)	$	2,562
	Tax expense (benefit)	(1,206)		526
	Gain (loss), net of tax	$	(5,522)	$	2,036