Derivative Instruments, Hedging Activities and Fair Value (Tables)

3 Months Ended

Mar. 31, 2026

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of fair value of outstanding derivative contracts

The fair value of outstanding derivative contracts recorded as assets and liabilities on the Company's Condensed Consolidated Balance Sheets was as follows:


(In thousands)	Balance Sheet Location	Fair Value of Derivatives Designated as Hedging Instruments		Fair Value of Derivatives Not Designated as Hedging Instruments		Total Fair Value
March 31, 2026
Asset derivatives (Level 2):
Foreign currency exchange forward contracts	Other current assets	$	168	$	5,182	$	5,350
Interest rate swaps	Other current assets	1,661		—		1,661
Interest rate swaps	Other assets	1,162		—		1,162
Total		$	2,991	$	5,182	$	8,173

Liability derivatives (Level 2):
Foreign currency exchange forward contracts	Derivative liabilities	$	495	$	13,627	$	14,122


Total		$	495	$	13,627	$	14,122

December 31, 2025
Asset derivatives (Level 2):
Foreign currency exchange forward contracts	Other current assets	$	36	$	1,340	$	1,376


Interest rate swaps	Other current assets	887		—		887
Interest rate swaps	Other assets	313		—		$	313
Total		$	1,236	$	1,340	$	2,576

Liability derivatives (Level 2):
Foreign currency exchange forward contracts	Derivative liabilities	$	861	$	19,978	$	20,839


Total		$	861	$	19,978	$	20,839

Schedule of effect of derivative instruments

The effect of derivative instruments on the Company's Condensed Consolidated Statements of Comprehensive Income (Loss) was as follows:

Derivatives Designated as Hedging Instruments



	Gain (Loss) Recognized in OCI on Derivatives				Loss (Gain) Reclassified from AOCI into Income - Effective Portion or Equity
	Three Months Ended				Three Months Ended
	March 31				March 31
(In thousands)	2026		2025		2026		2025
Foreign currency exchange forward contracts	$	491	$	(871)	$	(422)	$	192
Interest rate swaps	2,072		(2,784)		(449)		(117)

	$	2,563	$	(3,655)	$	(871)	$	75

The locations and amounts of gain (loss) recognized on the Company's Condensed Consolidated Statements of Operations was as follows:



	Three Months Ended
	March 31
	2026				2025
(In thousands)	Product Revenues		Interest Expense			Product Revenues		Interest Expense
Total amounts in the Condensed Consolidated Statement of Operations in which the effects of derivatives designated as hedging instruments are recorded	$	65,778	$	(27,833)		$	71,444	$	(26,574)
Interest rate swaps:
Gain (loss) reclassified from AOCI into income	—		449			—		117

Foreign exchange contracts:
Gain (loss) reclassified from AOCI into income	422		—			(192)		—

Derivatives Not Designated as Hedging Instruments


	Location of Gain (Loss) Recognized in Income on Derivatives (a)		Amount of Gain (Loss) Recognized in Income on Derivatives (a)
		Three Months Ended
		March 31
(In thousands)			2026		2025

Foreign currency exchange forward contracts	Cost of services and products sold		$	11,486	$	(15,156)

(a) These gains (losses) offset other amounts recognized in cost of services and products sold principally as a result of intercompany or third party foreign currency exposures.