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ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables)
12 Months Ended
Dec. 31, 2023
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of Accumulated Other Comprehensive Income
The changes in AOCI, net of tax, consisted of the following:
For the Years Ended December 31, 2023 and 2022
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 TaxForeign Currency Exchange ContractsInterest Rate SwapEuro-Denominated NotesCross Currency SwapsDefined Benefit Plans, Net of TaxCumulative Translation AdjustmentTotal
     
Balance as of December 31, 2021$(126)$4,979 $— $422 $3,240 $— $(61,999)$(53,484)
Other comprehensive (loss) income before reclassifications
(46)14,851 — 4,525 3,817 (3,282)(25,692)(5,827)
Amounts reclassified from accumulated other comprehensive income— (18,991)— — — 506 — (18,485)
Balance as of December 31, 2022(172)839 — 4,947 7,057 (2,776)(87,691)(77,796)
Other comprehensive income (loss) before reclassifications
(792)3,131 (2,601)(5,629)(1,302)17,725 10,540 
Amounts reclassified from accumulated other comprehensive income— (2,444)(2,025)— — 519 — (3,950)
Balance as of December 31, 2023$(164)$(2,397)$1,106 $2,346 $1,428 $(3,559)$(69,966)$(71,206)
Summary of Reclassifications Out of Other Comprehensive Income
The following table presents components and amounts reclassified out of AOCI to net income:
(in thousands)Affected Line Item in the Statements of IncomeAmounts Reclassified from AOCI for the Years Ended December 31,
202320222021
    
Foreign currency exchange contractsCost of revenue$3,512 $25,733 $(7,121)
Tax (expense) benefit(1,068)(6,742)1,347 
Gains (losses), net of tax$2,444 $18,991 $(5,774)
Interest rate swap contract
Interest expense$2,656 $— $— 
Tax (expense)
(631)— — 
Gain, net of tax$2,025 $— $— 
Defined benefit plansCost of revenue and operating expenses$(630)$(605)$— 
Tax benefit111 99 — 
(Losses), net of tax
$(519)$(506)$—