| ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) |
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)The following table summarizes the changes in the accumulated balances for each component of accumulated other comprehensive income (loss): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
June 30, | | Six Months Ended
June 30, | | | 2026 | | 2025 | | 2026 | | 2025 | | Foreign currency translation | | | | | | | | | | Beginning balance | | $ | 4,649 | | | $ | (63,105) | | | $ | 30,191 | | | $ | (103,975) | | | Foreign currency translation | | 5,784 | | | 92,457 | | | (27,835) | | | 142,142 | | | | | | | | | | | | Income tax benefit (expense) | | (564) | | | (20,556) | | | 7,513 | | | (29,371) | | | Foreign currency translation, net of tax | | 5,220 | | | 71,901 | | | (20,322) | | | 112,771 | | | Ending balance | | $ | 9,869 | | | $ | 8,796 | | | $ | 9,869 | | | $ | 8,796 | | | Cash flow hedging instruments | | | | | | | | | | Beginning balance | | $ | (9,186) | | | $ | 2,691 | | | $ | (2,016) | | | $ | (11,265) | | | Unrealized gain (loss) in fair value | | 3,402 | | | 16,721 | | | (7,789) | | | 33,053 | | | Net loss (gain) reclassified into Cost of revenues (exclusive of depreciation and amortization) | | 2,351 | | | (2,547) | | | 4,218 | | | (876) | | | Net loss reclassified into Foreign exchange loss | | — | | | 12 | | | — | | | 157 | | | Income tax benefit (expense) | | (1,329) | | | (3,277) | | | 825 | | | (7,469) | | | Cash flow hedging instruments, net of tax | | 4,424 | | | 10,909 | | | (2,746) | | | 24,865 | | Ending balance(1) | | $ | (4,762) | | | $ | 13,600 | | | $ | (4,762) | | | $ | 13,600 | | | Defined benefit plans | | | | | | | | | | Beginning balance | | $ | (9,228) | | | $ | (1,439) | | | $ | (9,630) | | | $ | (1,624) | | | Actuarial gains (losses) | | (828) | | | 798 | | | (407) | | | 1,019 | | | Income tax expense | | (21) | | | (441) | | | (40) | | | (477) | | | Defined benefit plans, net of tax | | (849) | | | 357 | | | (447) | | | 542 | | | Ending balance | | $ | (10,077) | | | $ | (1,082) | | | $ | (10,077) | | | $ | (1,082) | | | Accumulated other comprehensive income (loss) | | $ | (4,970) | | | $ | 21,314 | | | $ | (4,970) | | | $ | 21,314 | |
(1) As of June 30, 2026, the ending balance of net unrealized loss related to derivatives designated as cash flow hedges is expected to be reclassified into Cost of revenues (exclusive of depreciation and amortization) in the next twelve months.
|