v3.26.1
Derivatives (Tables)
3 Months Ended
Mar. 31, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Value of Derivative Instruments in Statement of Financial Position
As of March 31, 2026 and December 31, 2025, our foreign exchange forward contracts consisted of the following:
March 31, 2026December 31, 2025
Notional ValueFair Value (Level 2)Balance Sheet LocationNotional ValueFair Value (Level 2)Balance Sheet Location
(In thousands)
Forward contracts not designated as hedging instruments
Euro dollar$25,174 $165 Other current assets$17,880 $(6)Accrued expenses
Japanese yen223,467 1,140 Other current assets253,313 (848)Accrued expenses
Korean won70,103 646 Other current assets82,752 (601)Accrued expenses
Philippine peso10,685 (4)Accrued expenses13,114 (76)Accrued expenses
Singapore dollar27,696 (30)Accrued expenses11,566 (27)Accrued expenses
Taiwan dollar40,666 (165)Accrued expenses36,598 (59)Accrued expenses
Total forward contracts not designated as hedging instruments$397,791 $1,752 $415,223 $(1,617)
March 31, 2026December 31, 2025
Notional ValueFair Value (Level 2)Balance Sheet LocationNotional ValueFair Value (Level 2)Balance Sheet Location
(In thousands)
Forward contracts designated as net investment hedging instruments
Japanese yen$121,243 $(646)Accrued expenses$123,846 $425 Other current assets
Total forward contracts designated as net investment hedging instruments$121,243 $(646)$123,846 $425 
Schedule of Derivative Instruments, Gain (Loss)
The following table presents the gain or loss recognized on our derivatives designated as net investment hedging instruments for the three months ended March 31, 2026 and 2025:
For the Three Months Ended March 31,
Location on Consolidated Financial Statements20262025
(In thousands)
Difference between forward rate and spot rate of the forward contractsOther (income) expense, net$(980)$(1,318)
Changes in fair value of forward contractsOther comprehensive income (loss)$1,173 $(4,709)