v3.25.2
ACCUMULATED OTHER COMPREHENSIVE INCOME
 6 Months Ended
Jun. 30, 2025
Equity [Abstract]  
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, 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)$(93,645)
Other comprehensive (loss) income before reclassifications(19,609)234 (8,958)(14,047)— 61,149 18,769 
Reclassified from accumulated other comprehensive income(1,817)(504)— — 247 — (2,074)
Balance as of June 30, 2025$(8,641)$272 $(2,507)$(6,638)$(3,661)$(55,775)$(76,950)

For the Six Months Ended June 30, 2024
Unrealized Gain (Loss) on Cash Flow Hedges, Net of TaxUnrealized Gain (Loss)
on Net Investment Hedges, Net of Tax
(in thousands)Unrealized Loss on Investments,
Net of Tax		Foreign Currency Exchange ContractsInterest Rate SwapEuro-Denominated NotesCross Currency SwapsDefined Benefit Plans, Net of TaxCumulative Translation
Adjustment		Total
     
Balance as of December 31, 2023$(164)$(2,397)$1,106 $2,346 $1,428 $(3,559)$(69,966)$(71,206)
Other comprehensive income (loss) before reclassifications1 8,146 2,790 2,336 3,384 — (27,658)(11,001)
Reclassified from accumulated other comprehensive income163 (1,808)(1,476)— — 147 — (2,974)
Balance as of June 30, 2024$— $3,941 $2,420 $4,682 $4,812 $(3,412)$(97,624)$(85,181)
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 June 30,Amounts Reclassified from AOCI For the Six Months Ended June 30,
 2025202420252024
 
Foreign currency exchange contractsCost of revenue$(1,180)$1,721 $2,565 $2,531 
Provision for income taxes286 (480)(748)(723)
(Loss) gain, net of tax$(894)$1,241 $1,817 $1,808 
Interest rate swap contractsInterest expense$337 $979 $661 $1,936 
Provision for income taxes(80)(233)(157)(460)
Gain, net of tax$257 $746 $504 $1,476 
Investments
General and administrative expense
$— $— $— $(214)
Provision for income taxes— — — 51 
Loss, net of tax$— $— $— $(163)
Defined benefit plansCost of revenue and operating expenses$(155)$(63)$(293)$(176)
Provision for income taxes24 10 46 29 
Loss, net of tax$(131)$(53)$(247)$(147)