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Changes in Accumulated Other Comprehensive Loss by Component
 9 Months Ended
Sep. 30, 2024
Equity [Abstract]  
Changes in Accumulated Other Comprehensive Loss by Component
Note 6—Changes in Accumulated Other Comprehensive Loss by Component

The Company’s accumulated other comprehensive loss consists of unrealized gains and losses from the Company’s available-for-sale marketable securities and restricted marketable securities. The following table provides a summary of the changes in accumulated other comprehensive loss for the nine months ended September 30, 2024 and 2023:
Unrealized Gains and Losses on Available-for-Sale Securities¹
Nine Months Ended September 30,
20242023
(in thousands)
Accumulated other comprehensive loss — beginning balance$(1,844)$(3,477)
Other comprehensive income (loss) before reclassifications1,049 (1,306)
Income reclassified from other comprehensive loss²271 6 
Net current period other comprehensive income (loss)³1,320 (1,300)
Accumulated other comprehensive loss — ending balance$(524)$(4,777)
1.All amounts are net of tax.
2.Realized gains and losses were recorded pre-tax within “Investment and other income, net” in the Consolidated Statements of Comprehensive Income (Loss). For the nine months ended September 30, 2024 and 2023, the Company recorded realized losses of $0.3 million and less than $0.1 million, respectively from the sale of available-for-sale securities. Refer to Note 10—Fair Value Measurements herein for further information.
3.For the nine months ended September 30, 2024 and 2023, the changes in other comprehensive loss were net of a tax benefit of $0.1 million and $0.3 million, respectively.

The following table provides a rollforward of amounts reclassified from accumulated other comprehensive loss to realized losses for the three and nine months ended September 30, 2024 and 2023:
Amounts Reclassified from Accumulated Other Comprehensive Loss
20242023
(in thousands)
Three Months Ended September 30,
Losses from the sale of available-for-sale securities$(6)$(4)
Tax benefit2 1 
Net loss reclassified from accumulated other comprehensive loss$(4)$(3)
Nine Months Ended September 30,
Losses from the sale of available-for-sale securities$(343)$(8)
Tax benefit72 2 
Net losses reclassified from accumulated other comprehensive loss$(271)$(6)