| 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 |
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Total |
Balance as of March 31, 2023 |
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|
$ |
16,369 |
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|
$ |
(50,947) |
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|
$ |
(34,578) |
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| Other comprehensive income (loss) before reclassifications |
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|
2,404 |
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|
(6,028) |
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|
(3,624) |
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Amounts reclassified from accumulated other comprehensive income (loss) (1)
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|
(3,130) |
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|
— |
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|
(3,130) |
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| Net other comprehensive income (loss) during the period |
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|
(726) |
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|
(6,028) |
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|
(6,754) |
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Balance as of June 30, 2023 |
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|
$ |
15,643 |
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|
$ |
(56,975) |
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|
$ |
(41,332) |
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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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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 March 31, 2022 |
|
$ |
(451) |
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|
$ |
7,823 |
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|
$ |
(16,546) |
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|
$ |
(9,174) |
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| Other comprehensive income (loss) before reclassifications |
|
— |
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|
16,453 |
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(28,818) |
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|
(12,365) |
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Amounts reclassified from accumulated other comprehensive income (loss) (1)
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|
451 |
|
|
(645) |
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|
— |
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|
(194) |
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| Net other comprehensive income (loss) during the period |
|
451 |
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|
15,808 |
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|
(28,818) |
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|
(12,559) |
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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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(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 |
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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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|
726 |
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|
(4,548) |
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|
(3,822) |
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Amounts reclassified from accumulated other comprehensive income (loss) (1)
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|
(6,873) |
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— |
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(6,873) |
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| Net other comprehensive income (loss) during the period |
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|
(6,147) |
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|
(4,548) |
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|
(10,695) |
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Balance as of June 30, 2023 |
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|
|
$ |
15,643 |
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|
$ |
(56,975) |
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|
$ |
(41,332) |
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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) |
|
Available-for-
sale securities |
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Derivative transactions |
|
Foreign currency
translation
adjustments |
|
Total |
Balance as of December 31, 2021 |
|
$ |
— |
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|
$ |
9,914 |
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|
$ |
(14,290) |
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|
$ |
(4,376) |
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| Other comprehensive income (loss) before reclassifications |
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(451) |
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|
14,589 |
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(31,074) |
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|
(16,936) |
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Amounts reclassified from accumulated other comprehensive income (loss) (1)
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|
451 |
|
|
(872) |
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|
— |
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|
(421) |
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| Net other comprehensive income (loss) during the period |
|
— |
|
|
13,717 |
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(31,074) |
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|
(17,357) |
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Balance as of June 30, 2022 |
|
$ |
— |
|
|
$ |
23,631 |
|
|
$ |
(45,364) |
|
|
$ |
(21,733) |
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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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