| ACCUMULATED OTHER COMPREHENSIVE LOSS |
NOTE 17: ACCUMULATED OTHER COMPREHENSIVE LOSS
The following table summarizes the changes in accumulated balances of other comprehensive gain (loss), net of taxes:
| |
|
Three Months Ended June 30,
|
|
|
Six Months Ended June 30,
|
|
| |
|
2023
|
|
|
2022
|
|
|
2023
|
|
|
2022
|
|
|
Unrealized gains (losses) on available-for-sale marketable securities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning balance
|
|
$
|
(19,272
|
)
|
|
$
|
(14,215
|
)
|
|
$
|
(25,449
|
)
|
|
$
|
(4,709
|
)
|
|
Revaluation
|
|
|
793
|
|
|
|
(5,919
|
)
|
|
|
8,363
|
|
|
|
(18,640
|
)
|
|
Tax on revaluation
|
|
|
(132
|
)
|
|
|
1,357
|
|
|
|
(1,603
|
)
|
|
|
3,828
|
|
|
Other comprehensive income (loss) before reclassifications
|
|
|
661
|
|
|
|
(4,562
|
)
|
|
|
6,760
|
|
|
|
14,812
|
|
|
Reclassification
|
|
|
-
|
|
|
|
-
|
|
|
|
107
|
|
|
|
844
|
|
|
Tax on reclassification
|
|
|
-
|
|
|
|
-
|
|
|
|
(29
|
)
|
|
|
(100
|
)
|
|
Losses reclassified from accumulated other comprehensive income (loss)
|
|
|
-
|
|
|
|
-
|
|
|
|
78
|
|
|
|
744
|
|
|
Net current period other comprehensive income (loss)
|
|
|
661
|
|
|
|
(4,562
|
)
|
|
|
6,838
|
|
|
|
(14,068
|
)
|
|
Ending balance
|
|
$
|
(18,611
|
)
|
|
$
|
(18,777
|
)
|
|
$
|
(18,611
|
)
|
|
$
|
(18,777
|
)
|
|
Unrealized gains (losses) on cash flow hedges
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning balance
|
|
$
|
(2,092
|
)
|
|
$
|
194
|
|
|
$
|
(1,761
|
)
|
|
$
|
874
|
|
|
Revaluation
|
|
|
(2,229
|
)
|
|
|
(7,188
|
)
|
|
|
(4,425
|
)
|
|
|
(8,525
|
)
|
|
Tax on revaluation
|
|
|
138
|
|
|
|
837
|
|
|
|
277
|
|
|
|
996
|
|
|
Other comprehensive income (loss) before reclassifications
|
|
|
(2,091
|
)
|
|
|
(6,351
|
)
|
|
|
(4,148
|
)
|
|
|
(7,529
|
)
|
|
Reclassification
|
|
|
2,566
|
|
|
|
2,846
|
|
|
|
4,406
|
|
|
|
3,411
|
|
|
Tax on reclassification
|
|
|
(159
|
)
|
|
|
(331
|
)
|
|
|
(273
|
)
|
|
|
(398
|
)
|
|
Losses reclassified from accumulated other comprehensive income (loss)
|
|
|
2,407
|
|
|
|
2,515
|
|
|
|
4,133
|
|
|
|
3,013
|
|
|
Net current period other comprehensive income (loss)
|
|
|
316
|
|
|
|
(3,836
|
)
|
|
|
(15
|
)
|
|
|
(4,516
|
)
|
|
Ending balance
|
|
$
|
(1,776
|
)
|
|
$
|
(3,642
|
)
|
|
$
|
(1,776
|
)
|
|
$
|
(3,642
|
)
|
|
Foreign currency translation adjustments on intra-entity transactions that are of a long-term investment in nature
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning balance
|
|
$
|
(48,760
|
)
|
|
$
|
(24,403
|
)
|
|
$
|
(37,960
|
)
|
|
$
|
(17,420
|
)
|
|
Revaluation
|
|
|
(1,935
|
)
|
|
|
(28,347
|
)
|
|
|
(12,735
|
)
|
|
|
(35,330
|
)
|
|
Ending balance
|
|
$
|
(50,695
|
)
|
|
$
|
(52,750
|
)
|
|
$
|
(50,695
|
)
|
|
$
|
(52,750
|
)
|
|
Unrealized gains (losses) on foreign currency translation
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning balance
|
|
$
|
(7,080
|
)
|
|
$
|
(7,643
|
)
|
|
$
|
(7,939
|
)
|
|
$
|
(6,064
|
)
|
|
Revaluation
|
|
|
730
|
|
|
|
(6,808
|
)
|
|
|
1,589
|
|
|
|
(8,387
|
)
|
|
Ending balance
|
|
$
|
(6,350
|
)
|
|
$
|
(14,451
|
)
|
|
$
|
(6,350
|
)
|
|
$
|
(14,451
|
)
|
|
Total
|
|
$
|
(77,432
|
)
|
|
$
|
(89,620
|
)
|
|
$
|
(77,432
|
)
|
|
$
|
(89,620
|
)
|
The following table summarizes the changes in "Accumulated other comprehensive loss", net of taxes:
|
Details about Accumulated Other Comprehensive Loss Components
|
|
Three Months Ended
June 30,
|
|
|
Six Months Ended
|
|
Affected Line Item in the Statement of Income
|
| |
|
2023
|
|
|
2022
|
|
|
2023
|
|
|
2022
|
|
|
|
Unrealized gains (losses) on available-for-sale marketable securities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
(107
|
)
|
|
$
|
(844
|
)
|
Financial income (expense), net
|
| |
|
|
-
|
|
|
|
-
|
|
|
|
29
|
|
|
|
100
|
|
Income taxes
|
| |
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
(78
|
)
|
|
$
|
(744
|
)
|
Total, net of income taxes
|
|
Unrealized gains (losses) on cash flow hedges, net
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
(303
|
)
|
|
|
(318
|
)
|
|
|
(515
|
)
|
|
|
(385
|
)
|
Cost of revenues
|
| |
|
|
(1,521
|
)
|
|
|
(1,694
|
)
|
|
|
(2,650
|
)
|
|
|
(2,032
|
)
|
Research and development
|
| |
|
|
(310
|
)
|
|
|
(349
|
)
|
|
|
(535
|
)
|
|
|
(420
|
)
|
Sales and marketing
|
| |
|
|
(432
|
)
|
|
|
(485
|
)
|
|
|
(706
|
)
|
|
|
(574
|
)
|
General and administrative
|
| |
|
$
|
(2,566
|
)
|
|
$
|
(2,846
|
)
|
|
$
|
(4,406
|
)
|
|
$
|
(3,411
|
)
|
Total, before income taxes
|
| |
|
|
159
|
|
|
|
331
|
|
|
|
273
|
|
|
|
398
|
|
Income taxes
|
| |
|
|
(2,407
|
)
|
|
|
(2,515
|
)
|
|
|
(4,133
|
)
|
|
|
(3,013
|
)
|
Total, net of income taxes
|
|
Total reclassifications for the period
|
|
$
|
(2,407
|
)
|
|
$
|
(2,515
|
)
|
|
$
|
(4,211
|
)
|
|
$
|
(3,757
|
)
|
|
|