v3.26.1
ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables)
3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income
The changes in Accumulated Other Comprehensive Income (“AOCI”), net of tax, consisted of the following:
For the Three Months Ended March 31, 2026
Unrealized Gain (Loss) on Cash Flow Hedges, Net of TaxUnrealized Gain (Loss)
on Net Investment Hedges, Net of Tax
(in thousands)Foreign Currency Exchange ContractsInterest Rate SwapEuro-Denominated NotesCross Currency SwapsDefined Benefit Plans, Net of TaxCumulative Translation
Adjustment
Total
    
Balance as of December 31, 2025$(2,514)$(338)$(2,507)$(3,981)$(2,529)$(56,975)$(68,844)
Other comprehensive income (loss) before reclassifications5,365 1,483 — 4,578 — (7,421)4,005 
Reclassified from accumulated other comprehensive income(80)(156)— — 135 — (101)
Balance as of March 31, 2026$2,771 $989 $(2,507)$597 $(2,394)$(64,396)$(64,940)
 For the Three Months Ended March 31, 2025
Unrealized Gain (Loss) on Cash Flow Hedges, Net of TaxUnrealized Gain (Loss)
on Net Investment Hedges, Net of Tax
(in thousands)Foreign Currency Exchange ContractsInterest Rate SwapEuro-Denominated NotesCross Currency SwapsDefined Benefit Plans, Net of TaxCumulative Translation
Adjustment
Total
    
Balance as of December 31, 2024$12,785 $542 $6,451 $7,409 $(3,908)$(116,924)$(93,645)
Other comprehensive income (loss) before reclassifications(5,153)59 (3,006)(3,605)— 18,101 6,396 
Reclassified from accumulated other comprehensive income(2,711)(247)— — 116 — (2,842)
Balance as of March 31, 2025$4,921 $354 $3,445 $3,804 $(3,792)$(98,823)$(90,091)
Schedule 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 Three Months Ended March 31,
 20262025
 
Foreign currency exchange contractsCost of revenue$150 $3,745 
Provision for income taxes(70)(1,034)
Gain (loss), net of tax$80 $2,711 
Interest rate swap contractsInterest expense$205 $324 
Provision for income taxes(49)(77)
Gain (loss), net of tax$156 $247 
Defined benefit plansCost of revenue and operating expenses$(160)$(138)
Provision for income taxes25 22 
Gain (loss), net of tax$(135)$(116)