Quarterly report pursuant to Section 13 or 15(d)

Accumulated other comprehensive loss

v3.23.2
Accumulated other comprehensive loss
6 Months Ended
Jun. 30, 2023
Accumulated other comprehensive loss.  
Accumulated other comprehensive loss

Note 5 Accumulated other comprehensive loss

The Company reports foreign currency translation adjustments and the foreign exchange gain or losses arising on the revaluation of intercompany loans of a long-term investment nature within Other comprehensive (loss) income. Unrealized gains and losses on available-for-sale debt securities are also reported within Other comprehensive (loss) income until a gain or loss is realized, at which point they are reclassified to Other (expense) income, net in the Condensed Consolidated Statement of Operations.

The following tables show the changes in Accumulated other comprehensive (loss) income (in thousands):

Accumulated

Accumulated

Total

foreign

unrealized

accumulated

currency

(losses) gains on

other

    

translation

    

available-for-sale

comprehensive

adjustments

debt securities

(loss) income

Balance at January 1, 2023

 

$

55

$

(930)

$

(875)

Foreign currency translation adjustments

(16,908)

(16,908)

Foreign currency gains on intercompany loan of a long-term investment nature, net of tax of $0

15,526

15,526

Unrealized holding gains on available-for-sale debt securities, net of tax of $0

472

472

Balance at March 31, 2023

$

(1,327)

$

(458)

(1,785)

Foreign currency translation adjustments

(12,281)

(12,281)

Foreign currency gains on intercompany loan of a long-term investment nature, net of tax of $0

10,590

10,590

Unrealized holding gains on available-for-sale debt securities, net of tax of $0

385

385

Balance at June 30, 2023

$

(3,019)

$

(73)

$

(3,092)

Accumulated

Accumulated

Total

foreign

unrealized

accumulated

currency

(losses) on

other

    

translation

    

available-for-sale

comprehensive

adjustments

debt securities

(loss) income

Balance at January 1, 2022

 

$

(10,785)

$

(357)

(11,142)

Foreign currency translation adjustments

16,792

16,792

Foreign currency losses on intercompany loan of a long-term investment nature, net of tax of $0

(13,808)

(13,808)

Unrealized holding losses on available-for-sale debt securities, net of tax of $0

(1,155)

(1,155)

Balance at March 31, 2022

$

(7,801)

$

(1,512)

(9,313)

Foreign currency translation adjustments

47,694

47,694

Foreign currency losses on intercompany loan of a long-term investment nature, net of tax of $0

(39,108)

(39,108)

Unrealized holding gains on available-for-sale debt securities, net of tax of $0

(316)

(316)

Balance at June 30, 2022

785

$

(1,828)

(1,043)