| Accumulated Other Comprehensive Income |
|
|
|
| NOTE 8 — ACCUMULATED OTHER COMPREHENSIVE LOSS |
Accumulated other comprehensive 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 loss:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (in thousands) |
|
|
Derivative transactions |
|
Foreign currency
translation
adjustments |
|
Total |
Balance as of March 31, 2024 |
|
|
$ |
13,466 |
|
|
$ |
(64,657) |
|
|
$ |
(51,191) |
|
| Other comprehensive income (loss) before reclassifications |
|
|
5,451 |
|
|
(7,876) |
|
|
(2,425) |
|
Amounts reclassified from accumulated other comprehensive loss (1)
|
|
|
(1,394) |
|
|
— |
|
|
(1,394) |
|
| Net other comprehensive income (loss) during the period |
|
|
4,057 |
|
|
(7,876) |
|
|
(3,819) |
|
Balance as of June 30, 2024 |
|
|
$ |
17,523 |
|
|
$ |
(72,533) |
|
|
$ |
(55,010) |
|
(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.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (in thousands) |
|
|
|
Derivative transactions |
|
Foreign currency
translation
adjustments |
|
Total |
Balance as of March 31, 2023 |
|
|
|
$ |
16,369 |
|
|
$ |
(50,947) |
|
|
$ |
(34,578) |
|
| Other comprehensive income (loss) before reclassifications |
|
|
|
2,404 |
|
|
(6,028) |
|
|
(3,624) |
|
Amounts reclassified from accumulated other comprehensive loss (1)
|
|
|
|
(3,130) |
|
|
— |
|
|
(3,130) |
|
| Net other comprehensive loss during the period |
|
|
|
(726) |
|
|
(6,028) |
|
|
(6,754) |
|
Balance as of June 30, 2023 |
|
|
|
$ |
15,643 |
|
|
$ |
(56,975) |
|
|
$ |
(41,332) |
|
(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.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (in thousands) |
|
Available-for-
sale securities |
|
Derivative transactions |
|
Foreign currency
translation
adjustments |
|
Total |
Balance as of December 31, 2023 |
|
$ |
145 |
|
|
$ |
3,689 |
|
|
$ |
(49,670) |
|
|
$ |
(45,836) |
|
| Other comprehensive income (loss) before reclassifications |
|
— |
|
|
17,178 |
|
|
(22,863) |
|
|
(5,685) |
|
Amounts reclassified from accumulated other comprehensive loss (1)
|
|
(145) |
|
|
(3,344) |
|
|
— |
|
|
(3,489) |
|
| Net other comprehensive income (loss) during the period |
|
(145) |
|
|
13,834 |
|
|
(22,863) |
|
|
(9,174) |
|
Balance as of June 30, 2024 |
|
$ |
— |
|
|
$ |
17,523 |
|
|
$ |
(72,533) |
|
|
$ |
(55,010) |
|
(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.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (in thousands) |
|
|
|
Derivative transactions |
|
Foreign currency
translation
adjustments |
|
Total |
Balance as of December 31, 2022 |
|
|
|
$ |
21,790 |
|
|
$ |
(52,427) |
|
|
$ |
(30,637) |
|
| Other comprehensive income (loss) before reclassifications |
|
|
|
726 |
|
|
(4,548) |
|
|
(3,822) |
|
Amounts reclassified from accumulated other comprehensive loss (1)
|
|
|
|
(6,873) |
|
|
— |
|
|
(6,873) |
|
| Net other comprehensive loss during the period |
|
|
|
(6,147) |
|
|
(4,548) |
|
|
(10,695) |
|
Balance as of June 30, 2023 |
|
|
|
$ |
15,643 |
|
|
$ |
(56,975) |
|
|
$ |
(41,332) |
|
(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.
|