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Other Comprehensive Income (Loss)
 9 Months Ended
Sep. 30, 2025
Equity [Abstract]  
Other Comprehensive Income (Loss)

(3) Other Comprehensive Income (Loss)

 

The components of other comprehensive income (loss) (“OCI”), including the income tax expense or benefit allocated to each component, were as follows:

 

 

 

Three months ended September 30,

 

 

Nine months ended September 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

 

 

(In thousands)

 

Foreign currency translation adjustments:

 

 

 

 

 

 

 

 

 

 

 

 

Change in unrealized foreign currency translation gains (losses)
   before income taxes

 

$

(8,388

)

 

$

4,736

 

 

$

12,576

 

 

$

(8,536

)

Income tax expense (benefit) on unrealized foreign currency
   translation gains (losses)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Change in unrealized foreign currency translation gains
   (losses), net of income taxes

 

$

(8,388

)

 

$

4,736

 

 

$

12,576

 

 

$

(8,536

)

Unrealized gain (losses) on available-for-sale securities:

 

 

 

 

 

 

 

 

 

 

 

 

Change in unrealized holding gains (losses) arising during period
   before income taxes

 

$

41,133

 

 

$

106,493

 

 

$

87,852

 

 

$

84,890

 

Income tax expense (benefit) on unrealized holding gains
   (losses) arising during period

 

 

8,736

 

 

 

22,769

 

 

 

18,541

 

 

 

18,053

 

Change in unrealized holding gains (losses) on available-for-sale
   securities arising during period, net of income taxes

 

 

32,397

 

 

 

83,724

 

 

 

69,311

 

 

 

66,837

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reclassification from accumulated OCI to net income for (gains)
   losses realized on available-for-sale securities

 

 

696

 

 

 

142

 

 

 

2,341

 

 

 

(429

)

Income tax (expense) benefit on (gains) losses reclassified
   from accumulated OCI to net income

 

 

146

 

 

 

30

 

 

 

492

 

 

 

(90

)

Reclassification from accumulated OCI to net income for (gains)
   losses realized on available-for-sale securities, net of income taxes

 

 

550

 

 

 

112

 

 

 

1,849

 

 

 

(339

)

Change in unrealized gains (losses) on available-for-sale
   securities, net of income taxes and reclassification adjustment

 

$

32,947

 

 

$

83,836

 

 

$

71,160

 

 

$

66,498

 

Effect of change in discount rate assumptions on the LFPB:

 

 

 

 

 

 

 

 

 

 

 

 

Change in effect in discount rate assumptions on the LFPB before income taxes

 

$

(107,417

)

 

$

(346,794

)

 

$

(170,463

)

 

$

(40,910

)

Income tax expense (benefit) on the effect of change in discount rate

 

 

 

 

 

 

 

 

 

 

 

 

 assumptions on the LFPB from accumulated OCI to net income

 

 

(22,483

)

 

 

(74,112

)

 

 

(35,322

)

 

 

(8,755

)

Change in effect in discount rate assumptions on the LFPB, net of income taxes

 

$

(84,934

)

 

$

(272,682

)

 

$

(135,141

)

 

$

(32,155

)