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Equity (Tables)

6 Months Ended

Jun. 30, 2023

Equity [Abstract]

Changes in Accumulated Other Comprehensive Income (Loss), Net of Tax, by Component

The following tables present the changes in accumulated other comprehensive income (loss), net of tax, by component:


		Three Months Ended June 30, 2023 (As Restated)
(In thousands)		Unrealized (Losses) Gains on Available- for-Sale Securities				Defined Benefit Plan Adjustments				Foreign Currency Adjustments				ASU 2018-02 Adoption				Total
Balance as of March 31, 2023		$	(767	)		$	(981	)		$	35,889			$	385			$	34,526
Other comprehensive income before reclassifications			15				—				6,940				—				6,955
Amounts reclassified from accumulated other comprehensive (loss) income			(21	)			23				—				—				2
Net current period other comprehensive (loss) income			(6	)			23				6,940				—				6,957
Balance as of June 30, 2023		$	(773	)		$	(958	)		$	42,829			$	385			$	41,483


		Three Months Ended June 30, 2022
(In thousands)		Unrealized (Losses) Gains on Available- for-Sale Securities				Defined Benefit Plan Adjustments				Foreign Currency Adjustments				ASU 2018-02 Adoption				Total
Balance as of March 31, 2022		$	(1,276	)		$	(5,626	)		$	(7,039	)		$	385			$	(13,556	)
Other comprehensive loss before reclassifications			(589	)			—				(2,853	)			—				(3,442	)
Amounts reclassified from accumulated other comprehensive income (loss)			389				(87	)			—				—				302
Net current period other comprehensive loss			(200	)			(87	)			(2,853	)			—				(3,140	)
Balance as of June 30, 2022		$	(1,476	)		$	(5,713	)		$	(9,892	)		$	385			$	(16,696	)


		Six Months Ended June 30, 2023 (As Restated)
(In thousands)		Unrealized Gains (Losses) on Available- for-Sale Securities				Defined Benefit Plan Adjustments				Foreign Currency Adjustments				ASU 2018-02 Adoption				Total
Balance as of December 31, 2022		$	(836	)		$	(1,016	)		$	27,593			$	385			$	26,126
Other comprehensive income before reclassifications			98				—				15,618				—				15,716
Amounts reclassified from accumulated other comprehensive (loss) income			(35	)			58				—				—				23
Net current period other comprehensive income			63				58				15,618				—				15,739
Less: Comprehensive income attributable to non-controlling interest, net of tax			—				—				382				—				382
Balance as of June 30, 2023		$	(773	)		$	(958	)		$	42,829			$	385			$	41,483


		Six Months Ended June 30, 2022
(In thousands)		Unrealized Gains (Losses) on Available- for-Sale Securities				Defined Benefit Plan Adjustments				Foreign Currency Adjustments				ASU 2018-02 Adoption				Total
Balance as of December 31, 2021		$	(552	)		$	(5,613	)		$	(6,134	)		$	385			$	(11,914	)
Other comprehensive loss before reclassifications			(1,564	)			—				(3,758	)			—				(5,322	)
Amounts reclassified from accumulated other comprehensive income (loss)			640				(100	)			—				—				540
Net current period other comprehensive loss			(924	)			(100	)			(3,758	)			—				(4,782	)
Balance as of June 30, 2022		$	(1,476	)		$	(5,713	)		$	(9,892	)		$	385			$	(16,696	)

Reclassifications Out of Accumulated Other Comprehensive Loss

The following tables present the details of reclassifications out of accumulated other comprehensive loss:


		Three Months Ended June 30, 2023
(In thousands)		Amount Reclassified from Accumulated Other Comprehensive (Loss) Income				Affected Line Item in the Statement Where Net (Loss) Income Is Presented
Unrealized gain (loss) on available-for-sale securities:
Net realized gain on sales of securities		$	28			Net investment gain (loss)
Defined benefit plan adjustments – actuarial loss			(33	)		(1)
Total reclassifications for the period, before tax			(5	)
Tax benefit			3
Total reclassifications for the period, net of tax		$	(2	)

(1)

A part of the computation of net periodic pension cost, which is included in other income, net in the Condensed Consolidated Statements of (Loss) Income.


		Three Months Ended June 30, 2022
(In thousands)		Amount Reclassified from Accumulated Other Comprehensive (Loss) Income				Affected Line Item in the Statement Where Net (Loss) Income Is Presented
Unrealized gain (loss) on available-for-sale securities:
Net realized loss on sales of securities		$	(512	)		Net investment gain (loss)
Defined benefit plan adjustments – actuarial gain			126			(1)
Total reclassifications for the period, before tax			(386	)
Tax benefit			84
Total reclassifications for the period, net of tax		$	(302	)

(1)

A part of the computation of net periodic pension cost, which is included in other income, net in the Condensed Consolidated Statements of (Loss) Income.


		Six Months Ended June 30, 2023
(In thousands)		Amount Reclassified from Accumulated Other Comprehensive (Loss) Income				Affected Line Item in the Statement Where Net (Loss) Income Is Presented
Unrealized gain (loss) on available-for-sale securities:
Net realized gain on sales of securities		$	46			Net investment gain (loss)
Defined benefit plan adjustments – actuarial loss			(84	)		(1)
Total reclassifications for the period, before tax			(38	)
Tax benefit			15
Total reclassifications for the period, net of tax		$	(23	)

(1)

A part of the computation of net periodic pension cost, which is included in other income, net in the Condensed Consolidated Statements of (Loss) Income.


		Six Months Ended June 30, 2022
(In thousands)		Amount Reclassified from Accumulated Other Comprehensive (Loss) Income				Affected Line Item in the Statement Where Net (Loss) Income Is Presented
Unrealized gain (loss) on available-for-sale securities:
Net realized loss on sales of securities		$	(842	)		Net investment gain (loss)
Defined benefit plan adjustments – actuarial gain			145			(1)
Total reclassifications for the period, before tax			(697	)
Tax benefit			157
Total reclassifications for the period, net of tax		$	(540	)

(1)

A part of the computation of net periodic pension cost, which is included in other income, net in the Condensed Consolidated Statements of (Loss) Income.

Tax Effects Related to the Change in Each Component of Other Comprehensive Income (Loss)

The following table presents the tax effects related to the change in each component of other comprehensive income (loss):


		Three Months Ended												Three Months Ended
		June 30, 2023												June 30, 2022
(In thousands)		Before-Tax Amount				Tax (Expense) Benefit				Net-of-Tax Amount				Before-Tax Amount				Tax (Expense) Benefit				Net-of-Tax Amount
Unrealized gain (loss) on available-for-sale securities		$	20			$	(5	)		$	15			$	(775	)		$	186			$	(589	)
Reclassification adjustment for amounts related to available-for-sale investments included in net (loss) gain			(28	)			7				(21	)			512				(123	)			389
Reclassification adjustment for amounts related to defined benefit plan adjustments included in net gain (loss)			33				(10	)			23				(126	)			39				(87	)
Foreign currency translation adjustments			6,940				—				6,940				(2,853	)			—				(2,853	)
Total Other Comprehensive Income (Loss)		$	6,965			$	(8	)		$	6,957			$	(3,242	)		$	102			$	(3,140	)


		Six Months Ended												Six Months Ended
		June 30, 2023												June 30, 2022
(In thousands)		Before-Tax Amount				Tax (Expense) Benefit				Net-of-Tax Amount				Before-Tax Amount				Tax (Expense) Benefit				Net-of-Tax Amount
Unrealized gain (loss) on available-for-sale securities		$	129			$	(31	)		$	98			$	(2,058	)		$	494			$	(1,564	)
Reclassification adjustment for amounts related to available-for-sale investments included in net (loss) gain			(46	)			12				(34	)			842				(202	)			640
Reclassification adjustment for amounts related to defined benefit plan adjustments included in net gain (loss)			84				(27	)			57				(145	)			45				(100	)
Foreign currency translation adjustments			15,618				—				15,618				(3,758	)			—				(3,758	)
Total Other Comprehensive Gain (Loss)		$	15,785			$	(46	)		$	15,739			$	(5,119	)		$	337			$	(4,782	)