| Accumulated Other Comprehensive Income |
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| NOTE 17 — ACCUMULATED OTHER COMPREHENSIVE LOSS |
Accumulated other comprehensive loss on the 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 loss:
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| (in thousands) |
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Available-for-sale securities |
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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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$ |
— |
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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 |
|
145 |
|
|
(849) |
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|
2,757 |
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|
2,053 |
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Amounts reclassified from accumulated other comprehensive loss (1)
|
|
— |
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|
(17,252) |
|
|
— |
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|
(17,252) |
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Other comprehensive income (loss) |
|
145 |
|
|
(18,101) |
|
|
2,757 |
|
|
(15,199) |
|
Balance as of December 31, 2023 |
|
145 |
|
|
3,689 |
|
|
(49,670) |
|
|
(45,836) |
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Other comprehensive income (loss) before reclassifications |
|
84 |
|
|
31,252 |
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|
(37,030) |
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|
(5,694) |
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Amounts reclassified from accumulated other comprehensive loss (1)
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|
(145) |
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|
(11,547) |
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|
— |
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|
(11,692) |
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Other comprehensive income (loss) |
|
(61) |
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|
19,705 |
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|
(37,030) |
|
|
(17,386) |
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Balance as of December 31, 2024 |
|
84 |
|
|
23,394 |
|
|
(86,700) |
|
|
(63,222) |
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Other comprehensive income (loss) before reclassifications |
|
— |
|
|
(20,081) |
|
|
25,588 |
|
|
5,507 |
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Amounts reclassified from accumulated other comprehensive income (loss) (1)
|
|
11 |
|
|
(7,949) |
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|
— |
|
|
(7,938) |
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Other comprehensive income (loss) |
|
11 |
|
|
(28,030) |
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|
25,588 |
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|
(2,431) |
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Balance as of December 31, 2025 |
|
$ |
95 |
|
|
$ |
(4,636) |
|
|
$ |
(61,112) |
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|
$ |
(65,653) |
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(1) Amounts reclassified are recorded in Net sales, Cost of sales, or Other non-operating income (expense), net on the Consolidated Statements of Operations. Refer to Note 18 for further information regarding reclassifications.
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