Accumulated Other Comprehensive Loss

9 Months Ended

Sep. 30, 2025

The following table summarizes the changes in accumulated other comprehensive income (loss) income, net of tax, for the three months ended September 30, 2025 (in thousands):


	Unrealized Gains on Investments		Foreign Currency Translation		Total
Balance as of July 1, 2025	$	2,671	$	(54,390)	$	(51,719)
Other comprehensive income, net of tax	(2,650)		(4,405)		(7,055)


Balance as of September 30, 2025	$	21	$	(58,795)	$	(58,774)

The following table summarizes the changes in accumulated other comprehensive income (loss) income, net of tax, for the nine months ended September 30, 2025 (in thousands):


	Unrealized Gains on Investments		Foreign Currency Translation		Total
Balance as of January 1, 2025	$	2,112	$	(84,583)	$	(82,471)
Other comprehensive income, net of tax	(2,091)		25,788		23,697


Balance as of September 30, 2025	$	21	$	(58,795)	$	(58,774)

During the three and nine months ended September 30, 2025 we reclassified $2.7 million, net of tax, out of accumulated other comprehensive loss, representing the excess of unrealized losses over the provision for credit losses on the corporate debt security. See Note 4 – Investments for further details. There were no reclassifications out of accumulated other comprehensive loss during the three and nine months ended September 30, 2024.