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 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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Other comprehensive income (loss) before reclassifications |
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9,876 |
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(9,659) |
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|
217 |
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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 |
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Foreign currency translation adjustments |
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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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(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 |
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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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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, 2021 |
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$ |
— |
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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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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 |
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(3,842) |
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— |
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(3,391) |
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Net other comprehensive income (loss) during the period |
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— |
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27,938 |
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(61,132) |
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(33,194) |
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Balance as of September 30, 2022 |
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$ |
— |
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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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