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Equity | 6 Months Ended
--- | ---
Jun. 30, 2024
Equity [Abstract] |
Equity | 13. EQUITY Accumulated Other Comprehensive Income The following tables present the changes in accumulated other comprehensive income, net of tax, by component:
|  | Three Months Ended June 30, 2024 |
(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, 2024 |  | $ | (382 | ) |  | $ | (2,566 | ) |  | $ | 32,219 |  |  | $ | 385 |  |  | $ | 29,656 |
Other comprehensive loss before reclassifications |  |  | (5 | ) |  |  | — |  |  |  | (1,375 | ) |  |  | — |  |  |  | (1,380 | )
Amounts reclassified from accumulated other comprehensive income (loss) |  |  | 5 |  |  |  | (7 | ) |  |  | — |  |  |  | — |  |  |  | (2 | )
Net current period other comprehensive loss |  |  | — |  |  |  | (7 | ) |  |  | (1,375 | ) |  |  | — |  |  |  | (1,382 | )
Balance as of June 30, 2024 |  | $ | (382 | ) |  | $ | (2,573 | ) |  | $ | 30,844 |  |  | $ | 385 |  |  | $ | 28,274 |
|  | Three Months Ended June 30, 2023 |
(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 income |  |  | (6 | ) |  |  | 23 |  |  |  | 6,940 |  |  |  | — |  |  |  | 6,957 |
Less: Comprehensive income attributable to non-controlling interest, net of tax |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Balance as of June 30, 2023 |  | $ | (773 | ) |  | $ | (958 | ) |  | $ | 42,829 |  |  | $ | 385 |  |  | $ | 41,483 |
|  | Six Months Ended June 30, 2024 |
(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, 2023 |  | $ | (382 | ) |  | $ | (2,506 | ) |  | $ | 49,964 |  |  | $ | 385 |  |  | $ | 47,461 |
Other comprehensive loss before reclassifications |  |  | (124 | ) |  |  | — |  |  |  | (19,120 | ) |  |  | — |  |  |  | (19,244 | )
Amounts reclassified from accumulated other comprehensive income (loss) |  |  | 124 |  |  |  | (67 | ) |  |  | — |  |  |  | — |  |  |  | 57 |
Net current period other comprehensive loss |  |  | — |  |  |  | (67 | ) |  |  | (19,120 | ) |  |  | — |  |  |  | (19,187 | )
Less: Comprehensive Loss attributable to non-controlling interest, net of tax |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Balance as of June 30, 2024 |  | $ | (382 | ) |  | $ | (2,573 | ) |  | $ | 30,844 |  |  | $ | 385 |  |  | $ | 28,274 |
|  | Six Months Ended June 30, 2023 |
(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 loss before reclassifications |  |  | 98 |  |  |  | — |  |  |  | 15,618 |  |  |  | — |  |  |  | 15,716 |
Amounts reclassified from accumulated other comprehensive income |  |  | (35 | ) |  |  | 58 |  |  |  | — |  |  |  | — |  |  |  | 23 |
Net current period other comprehensive (loss) 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 |
The following tables present the details of reclassifications out of accumulated other comprehensive income:
|  | Three Months Ended June 30, 2024
(In thousands) |  | Amount Reclassified from Accumulated Other Comprehensive Income |  |  | Affected Line Item in the Statement Where Net Loss Is Presented
Unrealized gain (loss) on available-for-sale securities: |  |  |  |  |
Net realized loss on sales of securities |  | $ | (7 | ) |  | Net investment gain
Defined benefit plan adjustments – actuarial gain |  |  | 10 |  |  | (1)
Total reclassifications for the period, before tax |  |  | 3 |  |  |
Tax expense |  |  | (1 | ) |  |
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 (expense) income, net in the Condensed Consolidated Statements of Loss.
|  | Three Months Ended June 30, 2023
(In thousands) |  | Amount Reclassified from Accumulated Other Comprehensive Income |  |  | Affected Line Item in the Statement Where Net Loss Is Presented
Unrealized gain (loss) on available-for-sale securities: |  |  |  |  |
Net realized gain on sales of securities |  | $ | 28 |  |  | Net investment gain
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 (expense) income, net in the Condensed Consolidated Statements of Loss.
|  | Six Months Ended June 30, 2024
(In thousands) |  | Amount Reclassified from Accumulated Other Comprehensive Loss |  |  | Affected Line Item in the Statement Where Net Loss Is Presented
Unrealized gain (loss) on available-for-sale securities: |  |  |  |  |
Net realized loss on sales of securities |  | $ | (168 | ) |  | Net investment gain
Defined benefit plan adjustments – actuarial gain |  |  | 97 |  |  | (1)
Total reclassifications for the period, before tax |  |  | (71 | ) |  |
Tax benefit |  |  | 14 |  |  |
Total reclassifications for the period, net of tax |  | $ | (57 | ) |  |
(1) A part of the computation of net periodic pension cost, which is included in other (expense) income, net in the Condensed Consolidated Statements of Loss.
|  | Six Months Ended June 30, 2023
(In thousands) |  | Amount Reclassified from Accumulated Other Comprehensive Income |  |  | Affected Line Item in the Statement Where Net Loss Is Presented
Unrealized gain (loss) on available-for-sale securities: |  |  |  |  |
Net realized gain on sales of securities |  | $ | 46 |  |  | Net investment gain
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 (expense) income, net in the Condensed Consolidated Statements of Loss. The following table presents the tax effects related to the change in each component of other comprehensive (loss) income:
|  | Three Months Ended |  |  | Three Months Ended |
|  | June 30, 2024 |  |  | June 30, 2023 |
(In thousands) |  | Before-Tax Amount |  |  | Tax (Expense) Benefit |  |  | Net-of-Tax Amount |  |  | Before-Tax Amount |  |  | Tax (Expense) Benefit |  |  | Net-of-Tax Amount |
Unrealized (loss) gain on available-for-sale securities |  | $ | (7 | ) |  | $ | 2 |  |  | $ | (5 | ) |  | $ | 20 |  |  | $ | (5 | ) |  | $ | 15 |
Reclassification adjustment for amounts related to available-for-sale investments included in net gain (loss) |  |  | 7 |  |  |  | (2 | ) |  |  | 5 |  |  |  | (28 | ) |  |  | 7 |  |  |  | (21 | )
Reclassification adjustment for amounts related to defined benefit plan adjustments included in net (loss) gain |  |  | (10 | ) |  |  | 3 |  |  |  | (7 | ) |  |  | 33 |  |  |  | (10 | ) |  |  | 23 |
Foreign currency translation adjustments |  |  | (1,375 | ) |  |  | — |  |  |  | (1,375 | ) |  |  | 6,940 |  |  |  | — |  |  |  | 6,940 |
Total Other Comprehensive (Loss) Income |  | $ | (1,385 | ) |  | $ | 3 |  |  | $ | (1,382 | ) |  | $ | 6,965 |  |  | $ | (8 | ) |  | $ | 6,957 |
|  | Six Months Ended |  |  | Six Months Ended |
|  | June 30, 2024 |  |  | June 30, 2023 |
(In thousands) |  | Before-Tax Amount |  |  | Tax (Expense) Benefit |  |  | Net-of-Tax Amount |  |  | Before-Tax Amount |  |  | Tax (Expense) Benefit |  |  | Net-of-Tax Amount |
Unrealized (loss) gain on available-for-sale securities |  | $ | (168 | ) |  | $ | 44 |  |  | $ | (124 | ) |  | $ | 129 |  |  | $ | (31 | ) |  | $ | 98 |
Reclassification adjustment for amounts related to available-for-sale investments included in net gain (loss) |  |  | 168 |  |  |  | (44 | ) |  |  | 124 |  |  |  | (46 | ) |  |  | 12 |  |  |  | (34 | )
Reclassification adjustment for amounts related to defined benefit plan adjustments included in net (loss) gain |  |  | (97 | ) |  |  | 30 |  |  |  | (67 | ) |  |  | 84 |  |  |  | (27 | ) |  |  | 57 |
Foreign currency translation adjustments |  |  | (19,120 | ) |  |  | — |  |  |  | (19,120 | ) |  |  | 15,618 |  |  |  | — |  |  |  | 15,618 |
Total Other Comprehensive (Loss) Income |  | $ | (19,217 | ) |  | $ | 30 |  |  | $ | (19,187 | ) |  | $ | 15,785 |  |  | $ | (46 | ) |  | $ | 15,739 |

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