Accumulated Other Comprehensive Income

12 Months Ended

Dec. 31, 2022

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Income

NOTE 16 — ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Accumulated other comprehensive income (loss) on the Consolidated Balance Sheets is net of applicable taxes, and consists of unrealized gains and losses on available-for-sale securities, unrealized gains and losses on certain derivative transactions and foreign currency translation adjustments.

The following table sets forth the changes in Accumulated other comprehensive income (loss):

(in thousands)	Available-for-sale securities		Derivative transactions		Foreign currency  translation adjustments		Total
Balance as of December 31, 2019	$	(4)	$	9,482	$	(13,903)	$	(4,425)
Other comprehensive income (loss) before reclassifications	4		(7,218)		24,078		16,864
Amounts reclassified from accumulated other comprehensive income (loss) (1)	—		(11,633)		—		(11,633)
Net other comprehensive income (loss)	4		(18,851)		24,078		5,231
Balance as of December 31, 2020	—		(9,369)		10,175		806
Other comprehensive income (loss) before reclassifications	—		16,113		(24,465)		(8,352)
Amounts reclassified from accumulated other comprehensive income (loss) (1)	—		3,170		—		3,170
Net other comprehensive income (loss)	—		19,283		(24,465)		(5,182)
Balance as of December 31, 2021	—		9,914		(14,290)		(4,376)
Other comprehensive income (loss) before reclassifications	(451)		20,724		(38,137)		(17,864)
Amounts reclassified from accumulated other comprehensive income (loss) (1)	451		(8,848)		—		(8,397)
Net other comprehensive income (loss)	—		11,876		(38,137)		(26,261)
Balance as of December 31, 2022	$	—	$	21,790	$	(52,427)	$	(30,637)

(1) Amounts reclassified are recorded in Net sales, Cost of sales, or Other non-operating income (expense), net on the Consolidated Statements of Operations. Refer to Note 18 for further information regarding reclassifications.