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Accumulated Other Comprehensive Income (Loss) ("AOCI/L") (Tables)
 9 Months Ended
Sep. 30, 2021
Equity [Abstract]  
Schedule of Components of Accumulated Other Comprehensive Income (Loss)

The components of accumulated other comprehensive income (loss) are as follows (net of tax, in thousands):

 

 

Marketable

 

 

Interest Rate

 

 

Translation

 

 

 

 

 

 

Investments

 

 

Swap

 

 

Adjustment

 

 

Total AOCI/L

 

Balance at June 30, 2021

 

$

—

 

 

$

(492

)

 

$

(1,447

)

 

$

(1,939

)

Foreign currency translation (1)

 

 

—

 

 

 

—

 

 

 

(1,508

)

 

 

(1,508

)

Unrealized loss before reclassification, net
    of tax of $4

 

 

(4

)

 

 

(3

)

 

 

—

 

 

 

(7

)

Reclassification of AOCI/L to income, net
    of tax of $(52) (2)

 

 

—

 

 

 

131

 

 

 

—

 

 

 

131

 

Balance at September 30, 2021

 

$

(4

)

 

$

(364

)

 

$

(2,955

)

 

$

(3,323

)

 

 

 

 

 

Interest Rate

 

 

Translation

 

 

 

 

 

 

 

 

Swap

 

 

Adjustment

 

 

Total AOCI/L

 

Balance at June 30, 2020

 

 

 

$

(1,240

)

 

$

(5,788

)

 

$

(7,028

)

Foreign currency translation (1)

 

 

 

 

—

 

 

 

2,577

 

 

 

2,577

 

Unrealized loss before reclassification, net
    of tax of $12

 

 

 

 

(23

)

 

 

—

 

 

 

(23

)

Reclassification of AOCI/L to income, net
    of tax of $(90) (2)

 

 

 

 

228

 

 

 

—

 

 

 

228

 

Balance at September 30, 2020

 

 

 

$

(1,035

)

 

$

(3,211

)

 

$

(4,246

)

 

 

 

 

Marketable

 

 

Interest Rate

 

 

Translation

 

 

 

 

 

 

Investments

 

 

Swap

 

 

Adjustment

 

 

Total AOCI/L

 

Balance at December 31, 2020

 

$

—

 

 

$

(821

)

 

$

131

 

 

$

(690

)

Foreign currency translation (1)

 

 

—

 

 

 

—

 

 

 

(3,086

)

 

 

(3,086

)

Unrealized loss before reclassification, net
    of tax of $5

 

 

(4

)

 

 

(7

)

 

 

—

 

 

 

(11

)

Reclassification of AOCI/L to income, net
    of tax of $(182) (2)

 

 

—

 

 

 

464

 

 

 

—

 

 

 

464

 

Balance at September 30, 2021

 

$

(4

)

 

$

(364

)

 

$

(2,955

)

 

$

(3,323

)

 

 

 

 

 

Interest Rate

 

 

Translation

 

 

 

 

 

 

 

 

Swap

 

 

Adjustment

 

 

Total AOCI/L

 

Balance at December 31, 2019

 

 

 

$

(104

)

 

$

(4,753

)

 

$

(4,857

)

Foreign currency translation (1)

 

 

 

 

—

 

 

 

1,542

 

 

 

1,542

 

Unrealized loss before reclassification, net
   of tax of $523

 

 

 

 

(1,330

)

 

 

—

 

 

 

(1,330

)

Reclassification of AOCI/L to income, net
   of tax of $(157) (2)

 

 

 

 

399

 

 

 

—

 

 

 

399

 

Balance at September 30, 2020

 

 

 

$

(1,035

)

 

$

(3,211

)

 

$

(4,246

)

 

(1)
The Company does not record tax provisions or benefits for the net changes in foreign currency translation adjustments as it intends to permanently reinvest undistributed earnings of its foreign subsidiaries.
(2)
Reclassification is related to the Company’s interest rate swap (cash flow hedge) and was recorded in interest expense on the Consolidated Statements of Operations. Refer to Note 7 – Derivatives and Hedging.