|
Note 5 — Accumulated other comprehensive loss
The Company reports foreign currency translation adjustments and the foreign exchange gain or losses arising on the revaluation of intercompany loans of a long-term investment nature within Other comprehensive (loss) income. Unrealized gains and losses on available-for-sale debt securities are also reported within Other comprehensive (loss) income until a gain or loss is realized, at which point they are reclassified to Other (expense) income, net in the Condensed Consolidated Statement of Operations.
The following tables show the changes in Accumulated other comprehensive (loss) income (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
Accumulated |
|
Accumulated |
|
|
Total |
|
|
foreign |
|
unrealized |
|
|
accumulated |
|
|
currency |
|
gains (losses) on |
|
|
other |
|
|
translation |
|
available-for-sale |
|
|
comprehensive |
|
|
adjustments |
|
debt securities |
|
|
(loss) income |
|
|
|
|
|
|
|
|
|
|
Balance at January 1, 2023 |
|
$ |
55 |
|
$ |
(930) |
|
$ |
(875) |
Foreign currency translation adjustments |
|
|
(16,908) |
|
|
— |
|
|
(16,908) |
Foreign currency gains on intercompany loan of a long-term investment nature, net of tax of $0 |
|
|
15,526 |
|
|
— |
|
|
15,526 |
Unrealized holding gains on available-for-sale debt securities, net of tax of $0 |
|
|
— |
|
|
472 |
|
|
472 |
Balance at March 31, 2023 |
|
$ |
(1,327) |
|
$ |
(458) |
|
|
(1,785) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accumulated |
|
Accumulated |
|
Total |
|
|
foreign |
|
unrealized |
|
accumulated |
|
|
currency |
|
gains (losses) on |
|
other |
|
|
translation |
|
available-for-sale |
|
comprehensive |
|
|
adjustments |
|
debt securities |
|
(loss) income |
|
|
|
|
|
|
|
|
|
|
Balance at January 1, 2022 |
|
$ |
(10,785) |
|
$ |
(357) |
|
|
(11,142) |
Foreign currency translation adjustments |
|
|
16,792 |
|
|
— |
|
|
16,792 |
Foreign currency losses on intercompany loan of a long-term investment nature, net of tax of $0 |
|
|
(13,808) |
|
|
— |
|
|
(13,808) |
Unrealized holding losses on available-for-sale debt securities, net of tax of $0 |
|
|
— |
|
|
(1,155) |
|
|
(1,155) |
Balance at March 31, 2022 |
|
$ |
(7,801) |
|
$ |
(1,512) |
|
|
(9,313) |
|