v3.26.1
DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
 6 Months Ended
Jun. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Values of Derivative Assets and Liabilities
The fair values of derivative assets and liabilities, net, all of which are classified as Level 2, are reported within either ‘Prepaid expenses and other assets’ or ‘Accrued expenses and other liabilities’ in the condensed consolidated balance sheets and were:
June 30, 2026December 31, 2025
Derivative AssetsDerivative LiabilitiesDerivative AssetsDerivative Liabilities
(in thousands)
Non-hedged derivatives:
Forward foreign currency exchange contracts$1,568 $(104)$888 $(291)
Hedged derivatives:
Cash flow foreign currency contracts1,125 (185)109 (961)
Total derivatives2,693 (289)997 (1,252)
Netting of counterparty contracts(209)209 (268)268 
Total derivatives, net of counterparty contracts$2,484 $(80)$729 $(984)
Schedule of Derivative Financial Instruments Notional Amounts on Outstanding Positions
The notional amounts of outstanding foreign currency forward exchange contracts presented below report the total U.S. Dollar equivalent position and the net contract fair values for each foreign currency position.
June 30, 2026December 31, 2025
NotionalFair ValueNotionalFair Value
(in thousands)
Non-hedged derivatives:
British Pound Sterling$— $— $69,908 $(154)
South Korean Won7,694 326 18,690 257 
Euro35,346 778 12,712 18 
Brazilian Real14,802 128 12,026 28 
Japanese Yen10,075 232 7,882 354 
Canadian Dollar— — 4,938 94 
Total non-hedged derivatives67,917 1,464 126,156 597 
Hedged derivatives:
Euro16,520 459 39,909 (279)
South Korean Won6,903 389 23,963 (494)
Japanese Yen2,632 159 9,342 109 
British Pound Sterling2,878 13 7,931 (82)
Australian Dollar4,243 (185)7,677 (46)
Canadian Dollar3,415 105 7,595 (60)
Total hedged derivatives36,591 940 96,417 (852)
Total derivatives$104,508 $2,404 $222,573 $(255)
Latest maturity date, non-hedged derivativesJuly 2026January 2026
Latest maturity date, hedged derivativesDecember 2026December 2026
Schedule of Gain (Losses) from Foreign Currency Transactions and Derivative Contracts
Amounts reported in ‘Foreign currency (losses) gains, net’ in the condensed consolidated statements of operations include both realized and unrealized gains and losses from foreign currency transactions and derivative contracts and were:
Three Months Ended June 30,Six Months Ended June 30,
 2026202520262025
 (in thousands)
Foreign currency transaction (losses) gains
$(2,192)$612 $(3,879)$5,361 
Foreign currency forward exchange contracts losses
(110)(178)(48)(54)
Foreign currency (losses) gains, net
$(2,302)$434 $(3,927)$5,307