Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block] |
The following table presents the fair values of our derivative instruments included within the consolidated balance sheets (in thousands): | | | | | | | | | | | | | | | | | | | | | | | Derivatives Designated as Cash Flow Hedging Instruments | | | Consolidated Balance Sheet Location | | Foreign Exchange Forward Contracts | | Interest Rate Swaps | | Gross Derivatives | | | | As of December 31, 2023 | | | | | | | Prepaid expenses and other current assets | | $ | 6,785 | | | $ | 23,065 | | | $ | 29,850 | | Other assets | | 673 | | | 4,876 | | | 5,549 | | Total assets | | $ | 7,458 | | | $ | 27,941 | | | $ | 35,399 | | | | | | | | | Accrued liabilities | | $ | 2,590 | | | $ | — | | | $ | 2,590 | | Other long-term liabilities | | 240 | | | — | | | 240 | | Total liabilities | | $ | 2,830 | | | $ | — | | | $ | 2,830 | | | | | | | | | | | Derivatives Designated as Cash Flow Hedging Instruments | | | As of December 31, 2022 | | Foreign Exchange Forward Contracts | | Forward-Starting Interest Rate Swaps | | Gross Derivatives | Prepaid expenses and other current assets | | $ | 4,860 | | | $ | 28,431 | | | $ | 33,291 | | Other assets | | 94 | | | 26,753 | | | 26,847 | | Total assets | | $ | 4,954 | | | $ | 55,184 | | | $ | 60,138 | | | | | | | | | Accrued liabilities | | $ | 1,847 | | | $ | — | | | $ | 1,847 | | Other long-term liabilities | | 167 | | | — | | | 167 | | Total liabilities | | $ | 2,014 | | | $ | — | | | $ | 2,014 | |
The following table presents the effects of our derivative instruments designated as cash flow hedges on the Consolidated Statements of Operations (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Gain Reclassified From Accumulated Other Comprehensive (Loss) Income into Income | | Location of Gain in the Consolidated Statements of Operations | | Year Ended December 31, | | | 2023 | | 2022 | | 2021 | Derivatives designated as cash flow hedging instruments: | | | | | | | | Foreign exchange forward contracts | Total revenues | | $ | 296 | | | $ | 3,829 | | | $ | — | | Foreign exchange forward contracts | Cost of goods sold | | 7,852 | | | 7,751 | | | 3,444 | | Foreign exchange forward contracts | Other expense, net(1) | | 229 | | | — | | | — | | Foreign exchange forward contracts | Interest expense(2) | | 13 | | | 717 | | | — | | Interest rate swaps | Interest expense | | 32,444 | | | 6,122 | | | — | | Total derivatives designated as cash flow hedging instruments | | | $ | 40,834 | | | $ | 18,419 | | | $ | 3,444 | |
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Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block] |
We recognized the following gains (losses) on our derivative instruments designated as cash flow hedges in other comprehensive income (loss) before reclassifications to income (in thousands): | | | | | | | | | | | | | | | | | | | | | | | Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss) | | | Year Ended December 31, | | | 2023 | | 2022 | | 2021 | Derivatives designated as cash flow hedging instruments: | | | | | | | Foreign exchange forward contracts | | $ | 10,788 | | | $ | 9,588 | | | $ | 950 | | Interest rate swaps | | 5,200 | | | 62,786 | | | (1,480) | | Total derivatives designated as cash flow hedging instruments | | $ | 15,988 | | | $ | 72,374 | | | $ | (530) | |
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