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Derivative Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
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 Condensed Consolidated Balance Sheets (in thousands):
Derivatives Designated as Cash Flow Hedging Instruments
Condensed Consolidated Balance Sheet LocationForeign Exchange ContractsInterest Rate SwapsGross Derivatives
As of September 30, 2024
Prepaid expenses and other current assets$5,356 $10,940 $16,296 
Other assets177 — 177 
Total assets$5,533 $10,940 $16,473 
Accrued liabilities$9,878 $— $9,878 
Other long-term liabilities226 1,399 1,625 
Total liabilities$10,104 $1,399 $11,503 
As of December 31, 2023
Prepaid expenses and other current assets$6,785 $23,065 $29,850 
Other assets673 4,876 5,549 
Total assets$7,458 $27,941 $35,399 
Accrued liabilities$2,590 $— $2,590 
Other long-term liabilities240 — 240 
Total liabilities$2,830 $— $2,830 


We recognized the following (losses) gains on our derivative instruments designated as cash flow hedges in other comprehensive income before reclassifications to net loss (income) (in thousands):
(Losses) Gains Recognized in Other Comprehensive Income
Three months ended
September 30,
Nine months ended
September 30,
2024202320242023
Derivatives designated as cash flow hedging instruments:
Foreign exchange forward contracts$(5,713)$1,757 $(4,738)$10,260 
Interest rate swaps(14,030)12,496 3,874 21,236 
Total derivatives designated as cash flow hedging instruments$(19,743)$14,253 $(864)$31,496 

The following table presents the effects of our derivative instruments designated as cash flow hedges on the Condensed Consolidated Statements of Operations (in thousands):
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block]
Gains (Losses) Reclassified From Accumulated Other Comprehensive (Loss) Income into Net Loss
Three months ended
September 30,
Nine months ended
September 30,
Location of Gains (Losses) Recognized in Net Loss2024202320242023
Derivatives designated as cash flow hedging instruments:
Foreign exchange forward contractsTotal revenues$740 $1,019 $2,073 $(429)
Foreign exchange forward contractsCost of goods sold(843)2,247 1,497 6,063 
Foreign exchange forward contractsOther expense, net(1)— — — 229 
Foreign exchange forward contractsInterest expense(2)— — — 13 
Interest rate swapsInterest expense7,020 8,813 22,273 23,807 
Total derivatives designated as cash flow hedging instruments$6,917 $12,079 $25,843 $29,683 
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(1)    Represents location of gain reclassified from accumulated other comprehensive loss into other expense, net as a result of ineffectiveness.
(2)    Represents location of gain reclassified from accumulated other comprehensive loss into interest expense as a result of forecasted transactions no longer probable of occurring.
As of September 30, 2024, we expect an estimated $4.5 million in deferred losses on the outstanding foreign exchange contracts and an estimated $11.2 million in deferred gains on the interest rate swaps will be reclassified from accumulated other comprehensive loss to net income during the next 12 months concurrent with the underlying hedged transactions also being reported in net income.