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Accumulated Other Comprehensive Loss ("AOCL") (Tables)
 9 Months Ended
Sep. 30, 2024
Equity [Abstract]  
Schedule of Components of Accumulated Other Comprehensive Income (Loss)

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

 

 

Marketable

 

 

Translation

 

 

 

 

 

 

 

Investments

 

 

Adjustment

 

 

Total AOCL

 

 

Balance at June 30, 2024

 

$

(36

)

 

$

(6,690

)

 

$

(6,726

)

 

Foreign currency translation (1)

 

 

—

 

 

 

3,910

 

 

 

3,910

 

 

Reclassification adjustment for write-off of foreign currency translation loss (2)

 

 

—

 

 

 

232

 

 

 

232

 

 

Unrealized gain, net of tax of $(36)

 

 

107

 

 

 

—

 

 

 

107

 

 

Balance at September 30, 2024

 

$

71

 

 

$

(2,548

)

 

$

(2,477

)

 

 

 

 

Marketable

 

 

Translation

 

 

 

 

 

 

 

Investments

 

 

Adjustment

 

 

Total AOCL

 

 

Balance at June 30, 2023

 

$

(137

)

 

$

(5,807

)

 

$

(5,944

)

 

Foreign currency translation (1)

 

 

—

 

 

 

(2,435

)

 

 

(2,435

)

 

Unrealized gain, net of tax of $(10)

 

 

30

 

 

 

—

 

 

 

30

 

 

Balance at September 30, 2023

 

$

(107

)

 

$

(8,242

)

 

$

(8,349

)

 

 

 

 

Marketable

 

 

Translation

 

 

 

 

 

 

Investments

 

 

Adjustment

 

 

Total AOCL

 

Balance at December 31, 2023

 

$

(60

)

 

$

(4,511

)

 

$

(4,571

)

Foreign currency translation (1)

 

 

—

 

 

 

1,731

 

 

 

1,731

 

Reclassification adjustment for write-off of foreign currency translation loss (2)

 

 

—

 

 

 

232

 

 

 

232

 

Unrealized gain, net of tax of $(44)

 

 

131

 

 

 

—

 

 

 

131

 

Balance at September 30, 2024

 

$

71

 

 

$

(2,548

)

 

$

(2,477

)

 

 

 

Marketable

 

 

Translation

 

 

 

 

 

 

Investments

 

 

Adjustment

 

 

Total AOCL

 

Balance at December 31, 2022

 

$

(159

)

 

$

(7,759

)

 

$

(7,918

)

Foreign currency translation (1)

 

 

—

 

 

 

(483

)

 

 

(483

)

Unrealized gain, net of tax of $(17)

 

 

52

 

 

 

—

 

 

 

52

 

Balance at September 30, 2023

 

$

(107

)

 

$

(8,242

)

 

$

(8,349

)

 

(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)
The reclassification adjustment for the write-off of a foreign currency translation loss relates to the liquidation of a non-U.S. subsidiary during 2024 and is reported in restructuring costs in the Consolidated Statements of Operations.