| ACCUMULATED OTHER COMPREHENSIVE INCOME |
ACCUMULATED OTHER COMPREHENSIVE INCOME The changes in Accumulated Other Comprehensive Income (“AOCI”), net of tax, consisted of the following: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the Six Months Ended June 30, 2026 | | | Unrealized Gain (Loss) on Cash Flow Hedges, Net of Tax | | Unrealized Gain (Loss)
on Net Investment Hedges, Net of Tax | | | | | | | | (in thousands) | | Foreign Currency Exchange Contracts | | Interest Rate Swap | | Euro-Denominated Notes | | Cross Currency Swaps | | Defined Benefit Plans, Net of Tax | | Cumulative 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 reclassifications | | 8,712 | | | 3,050 | | | — | | | 5,249 | | | — | | | (11,915) | | | 5,096 | | | Reclassified from accumulated other comprehensive income | | 236 | | | (294) | | | — | | | — | | | 268 | | | — | | | 210 | | | Balance as of June 30, 2026 | | $ | 6,434 | | | $ | 2,418 | | | $ | (2,507) | | | $ | 1,268 | | | $ | (2,261) | | | $ | (68,890) | | | $ | (63,538) | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the Six Months Ended June 30, 2025 | | | Unrealized Gain (Loss) on Cash Flow Hedges, Net of Tax | | Unrealized Gain (Loss)
on Net Investment Hedges, Net of Tax | | | | | | | | (in thousands) | | Foreign Currency Exchange Contracts | | Interest Rate Swap | | Euro-Denominated Notes | | Cross Currency Swaps | | Defined Benefit Plans, Net of Tax | | Cumulative 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 | | (19,609) | | | 234 | | | (8,958) | | | (14,047) | | | — | | | 61,149 | | | 18,769 | | | Reclassified from accumulated other comprehensive income | | (1,817) | | | (504) | | | — | | | — | | | 247 | | | — | | | (2,074) | | | Balance as of June 30, 2025 | | $ | (8,641) | | | $ | 272 | | | $ | (2,507) | | | $ | (6,638) | | | $ | (3,661) | | | $ | (55,775) | | | $ | (76,950) | |
The following table presents components and amounts reclassified out of AOCI to net income: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (in thousands) | | Affected Line Item in the Statements of Income | | Amounts Reclassified from AOCI For the Three Months Ended June 30, | | Amounts Reclassified from AOCI For the Six Months Ended June 30, | | | | | 2026 | | 2025 | | 2026 | | 2025 | | | | | | | | | | | | | Foreign currency exchange contracts | | Cost of revenue | | $ | (434) | | | $ | (1,180) | | | $ | (284) | | | $ | 2,565 | | | | Provision for income taxes | | 118 | | | 286 | | | 48 | | | (748) | | | | Gain (loss), net of tax | | $ | (316) | | | $ | (894) | | | $ | (236) | | | $ | 1,817 | | | | | | | | | | | | | | Interest rate swap contracts | | Interest expense | | $ | 182 | | | $ | 337 | | | $ | 387 | | | $ | 661 | | | | Provision for income taxes | | (44) | | | (80) | | | (93) | | | (157) | | | | Gain (loss), net of tax | | $ | 138 | | | $ | 257 | | | $ | 294 | | | $ | 504 | | | | | | | | | | | | | | Defined benefit plans | | Cost of revenue and operating expenses | | $ | (158) | | | $ | (155) | | | $ | (318) | | | $ | (293) | | | | Provision for income taxes | | 25 | | | 24 | | | 50 | | | 46 | | | | Gain (loss), net of tax | | $ | (133) | | | $ | (131) | | | $ | (268) | | | $ | (247) | |
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