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Stockholders' Equity
12 Months Ended
Dec. 31, 2024
Stockholders' Equity  
Stockholders' Equity

Note 12 — Stockholders’ Equity

Accumulated Other Comprehensive Income (“AOCI”)

The following table presents the changes in the balances of each component of AOCI, net of tax:

Unrealized

Gains (Losses)

Foreign

on Available-

Currency

for-Sale 

    

Translation

    

Securities

    

Total

(in thousands)

Balance - December 31, 2021

$

1,814

$

(331)

$

1,483

Other comprehensive income (loss)

(41)

(514)

(555)

Balance - December 31, 2022

1,773

(845)

928

Other comprehensive income (loss)

(12)

691

679

Balance - December 31, 2023

$

1,761

$

(154)

$

1,607

Other comprehensive income (loss)

 

16

 

(101)

 

(85)

Balance - December 31, 2024

$

1,777

$

(255)

$

1,522

The Company allocated an immaterial amount of additional tax benefit or expense to other comprehensive income (loss) for the years ended December 31, 2024, 2023, and 2022.

Preferred Stock

The Board of Directors has authority under the Company’s Certificate of Incorporation to issue up to 0.5 million shares of preferred stock, par value $0.01, with voting and economic rights to be determined by the Board of Directors. As of December 31, 2024, no preferred shares have been issued.