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Changes in Accumulated Other Comprehensive (Loss) Income by Component
 12 Months Ended
Dec. 31, 2023
Equity [Abstract]  
Changes in Accumulated Other Comprehensive (Loss) Income by Component
Note 6 — Changes in Accumulated Other Comprehensive (Loss) Income by Component

For the years ended December 31, 2023, 2022 and 2021, the Company’s accumulated other comprehensive (loss) income consisted of unrealized gains and losses from the Company’s available-for-sale marketable securities. The following tables provide a summary of the changes in accumulated other comprehensive income, net of taxes:
Unrealized Gains and (Losses) on Available-for-Sale Securities1
Year Ended December 31,
202320222021
(in thousands)
Accumulated other comprehensive (loss) income — beginning balance$(3,477)$4,000 $5,563 
Other comprehensive income (loss) before reclassifications1,624 (7,505)(1,522)
Losses (gains) reclassified from other comprehensive income2
9 28 (41)
Net current period other comprehensive income (loss)3
1,633 (7,477)(1,563)
Accumulated other comprehensive (loss) income — ending balance$(1,844)$(3,477)$4,000 
1.All amounts are net of tax.
2.Realized gains and losses were recorded pre-tax under “Investment and other income (loss), net” in the Consolidated Statements of Comprehensive Income. For the years ended December 31, 2023 and 2022, the Company recorded less than $0.1 million of realized losses from the sale of available-for-sale securities. For the year ended December 31, 2021, the Company recorded $0.1 million of realized gains from the sale of available-for-sale securities. Refer to Note 10 — Fair Value Measurements herein for further information.
3.For the year ended December 31, 2023, the change in other comprehensive (loss) income was net of a tax expense of $0.4 million. For the years ended December 31, 2022 and 2021, the changes in other comprehensive (loss) income were net of a tax benefit of $2.0 million and benefit of $0.4 million, respectively.

Amounts Reclassified from Accumulated Other Comprehensive (Loss) Income
202320222021
(in thousands)
Year Ended December 31,
(Losses) gains from the sale of available-for-sale securities$(12)$(37)$55 
Tax benefit (expense)3 9 (14)
Net (loss) gain reclassified from accumulated other comprehensive income$(9)$(28)$41