Shareholders' Equity (Tables)

3 Months Ended

Mar. 31, 2025

Schedule of Roll Forward of Components of Accumulated Other Comprehensive (Loss)/Income

The following table presents the components of accumulated other comprehensive loss for the three months ended March 31, 2025:


	Cash Flow Hedges		Defined Benefit and Retiree Healthcare Plans		Cumulative Translation Adjustment		Accumulated Other Comprehensive Loss
Balance as of December 31, 2024	$	(7,913)	$	(11,690)	$	(22,940)	$	(42,543)
Other comprehensive (loss)/income before reclassifications, net of tax	(3,115)		—		3,924		809
Reclassifications from accumulated other comprehensive loss, net of tax	(1,420)		494		—		(926)
Other comprehensive (loss)/income	(4,535)		494		3,924		(117)
Balance as of March 31, 2025	$	(12,448)	$	(11,196)	$	(19,016)	$	(42,660)

Schedule of Amounts Reclassified from Accumulated Other Comprehensive (Loss)/Income

The following table presents the amounts reclassified from accumulated other comprehensive loss for the three months ended March 31, 2025 and 2024:


	For the three months ended March 31,				Affected Line in Condensed Consolidated Statements of Operations
Component	2025		2024
Derivative instruments designated and qualifying as cash flow hedges:
Foreign currency forward contracts	$	(5,027)	$	(108)	Net revenue (1)
Foreign currency forward contracts	3,114		(7,354)		Cost of revenue (1)

Total, before taxes	(1,913)		(7,462)		Income before taxes
Income tax effect	493		1,925		Provision for income taxes
Total, net of taxes	$	(1,420)	$	(5,537)	Net income

Defined benefit and retiree healthcare plans
Defined benefit and retiree healthcare plans	$	(9)	$	296	Other, net
Defined benefit and retiree healthcare plans	721		—		Restructuring and other charges, net
Total, before taxes	712		296		Income before taxes
Income tax effect	(218)		(69)		Provision for income taxes
Total, net of taxes	$	494	$	227	Net income

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(1) Refer to Note 14: Derivative Instruments and Hedging Activities for additional information regarding amounts to be reclassified from accumulated other comprehensive loss in future periods.