As of June 30, 2025 and December 31, 2024, our foreign exchange forward contracts consisted of the following: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2025 | | December 31, 2024 | | Notional Value | | Fair Value (Level 2) | | Balance Sheet Location | | Notional Value | | Fair Value (Level 2) | | Balance Sheet Location | | (In thousands) | | Forward contracts not designated as hedging instruments | | Japanese yen | $ | 228,764 | | | $ | 1,167 | | | Other current assets | | $ | 254,783 | | | $ | 10 | | | Other current assets | | Korean won | 117,921 | | | (31) | | | Accrued expenses | | 80,260 | | | (472) | | | Accrued expenses | | Philippine peso | 5,999 | | | 1 | | | Other current assets | | 8,431 | | | (29) | | | Accrued expenses | | Singapore dollar | 12,360 | | | 47 | | | Other current assets | | 8,454 | | | (39) | | | Accrued expenses | | Taiwan dollar | 32,772 | | | (244) | | | Accrued expenses | | 31,150 | | | (70) | | | Accrued expenses | | Total forward contracts not designated as hedging instruments | $ | 397,816 | | | $ | 940 | | | | | $ | 383,078 | | | $ | (600) | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2025 | | December 31, 2024 | | Notional Value | | Fair Value (Level 2) | | Balance Sheet Location | | Notional Value | | Fair Value (Level 2) | | Balance Sheet Location | | (In thousands) | | Forward contracts designated as net investment hedging instruments | | Japanese yen | $ | 133,740 | | | $ | (695) | | | Accrued expenses | | $ | 123,042 | | | $ | (83) | | | Accrued expenses | | Total forward contracts designated as net investment hedging instruments | $ | 133,740 | | | $ | (695) | | | | | $ | 123,042 | | | $ | (83) | | | |
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