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Foreign Currency Gain (Loss), Net
6 Months Ended
Jun. 30, 2022
Foreign Currency [Abstract]  
Foreign Currency Gain (Loss), Net
10. Foreign Currency Gain (Loss), Net
Net foreign currency gain or loss includes
non-cash
translation gain or loss associated with intercompany balances. A substantial portion of the Company’s net foreign currency gain or loss is
non-cash
translation gain or loss associated with intercompany long-term loans to the Company’s Korean subsidiary. The loans are denominated in U.S. dollars and are affected by changes in the exchange rate between the Korean won and the U.S. dollar. As of June 30, 2022 and December 31, 2021, the outstanding intercompany loan balances including accrued interest between the Korean subsidiary and the Dutch subsidiary were $352,589 thousand and $344,411 thousand, respectively. The Korean won to U.S. dollar exchange rates were 1,292.9:1 and 1,185.5:1 using the first base rate as of June 30, 2022 and December 31, 2021, respectively, as quoted by the KEB Hana Bank.