| Accumulated Other Comprehensive Income |
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| NOTE 8 — ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) |
Accumulated other comprehensive income (loss) on the unaudited Condensed Consolidated Balance Sheets is net of applicable taxes, and consists of unrealized gains and losses on available-for-sale securities, unrealized gains and losses on certain derivative transactions and foreign currency translation adjustments.
The following tables set forth the changes in Accumulated other comprehensive income (loss):
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| (in thousands) |
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|
Derivative transactions |
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Foreign currency
translation
adjustments |
|
Total |
Balance as of June 30, 2023 |
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|
$ |
15,643 |
|
|
$ |
(56,975) |
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|
$ |
(41,332) |
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| Other comprehensive income (loss) before reclassifications |
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|
9,876 |
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|
(9,659) |
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|
217 |
|
Amounts reclassified from accumulated other comprehensive income (loss) (1)
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|
|
(6,283) |
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|
— |
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|
(6,283) |
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| Net other comprehensive income (loss) during the period |
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|
3,593 |
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|
(9,659) |
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|
(6,066) |
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Balance as of September 30, 2023 |
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|
$ |
19,236 |
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|
$ |
(66,634) |
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|
$ |
(47,398) |
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(1) Amounts reclassified are recorded in Net sales, Cost of sales, or Other non-operating income (expense), net on the unaudited Condensed Consolidated Statements of Operations. Refer to Note 10 for further information regarding reclassifications.
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| (in thousands) |
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|
|
Derivative transactions |
|
Foreign currency
translation
adjustments |
|
Total |
Balance as of June 30, 2022 |
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|
|
$ |
23,631 |
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|
$ |
(45,364) |
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|
$ |
(21,733) |
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| Other comprehensive income (loss) before reclassifications |
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|
17,191 |
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|
(30,058) |
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|
(12,867) |
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Amounts reclassified from accumulated other comprehensive income (loss) (1)
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|
(2,970) |
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|
— |
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|
(2,970) |
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| Net other comprehensive income (loss) during the period |
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|
14,221 |
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|
(30,058) |
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|
(15,837) |
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Balance as of September 30, 2022 |
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|
|
$ |
37,852 |
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|
$ |
(75,422) |
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|
$ |
(37,570) |
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(1) Amounts reclassified are recorded in Net sales, Cost of sales, or Other non-operating income (expense), net on the unaudited Condensed Consolidated Statements of Operations. Refer to Note 10 for further information regarding reclassifications.
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|
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| (in thousands) |
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|
|
Derivative transactions |
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Foreign currency
translation
adjustments |
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Total |
Balance as of December 31, 2022 |
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|
|
$ |
21,790 |
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|
$ |
(52,427) |
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|
$ |
(30,637) |
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| Other comprehensive income (loss) before reclassifications |
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|
10,602 |
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|
(14,207) |
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|
(3,605) |
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Amounts reclassified from accumulated other comprehensive income (loss) (1)
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(13,156) |
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— |
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(13,156) |
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| Net other comprehensive income (loss) during the period |
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|
(2,554) |
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|
(14,207) |
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|
(16,761) |
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Balance as of September 30, 2023 |
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|
|
$ |
19,236 |
|
|
$ |
(66,634) |
|
|
$ |
(47,398) |
|
(1) Amounts reclassified are recorded in Net sales, Cost of sales, or Other non-operating income (expense), net on the unaudited Condensed Consolidated Statements of Operations. Refer to Note 10 for further information regarding reclassifications.
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|
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| (in thousands) |
|
Available-for-
sale securities |
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Derivative transactions |
|
Foreign currency
translation
adjustments |
|
Total |
Balance as of December 31, 2021 |
|
$ |
— |
|
|
$ |
9,914 |
|
|
$ |
(14,290) |
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|
$ |
(4,376) |
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| Other comprehensive income (loss) before reclassifications |
|
(451) |
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|
31,780 |
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|
(61,132) |
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|
(29,803) |
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Amounts reclassified from accumulated other comprehensive income (loss) (1)
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|
451 |
|
|
(3,842) |
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|
— |
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|
(3,391) |
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| Net other comprehensive income (loss) during the period |
|
— |
|
|
27,938 |
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|
(61,132) |
|
|
(33,194) |
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Balance as of September 30, 2022 |
|
$ |
— |
|
|
$ |
37,852 |
|
|
$ |
(75,422) |
|
|
$ |
(37,570) |
|
(1) Amounts reclassified are recorded in Net sales, Cost of sales, or Other non-operating income (expense), net on the unaudited Condensed Consolidated Statements of Operations. Refer to Note 10 for further information regarding reclassifications.
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