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Stockholders' Equity (Tables)
 6 Months Ended
Jun. 30, 2024
Stockholders' Equity Note [Abstract]  
Schedule of Accumulated Other Comprehensive Income (loss)

The following tables set forth the changes in accumulated other comprehensive income (loss) (“AOCI”) by component:

 

(In thousands)

 

Unrealized
gains (losses)
on available
-for-sale
investments

 

 

Unrealized
gains (losses)
on derivatives

 

 

Estimated tax
benefit (provision)

 

 

Total

 

Balance as of December 31, 2023

 

$

126

 

 

$

7

 

 

$

3

 

 

$

136

 

Other comprehensive income (loss) before reclassifications

 

 

(219

)

 

 

(186

)

 

 

37

 

 

 

(368

)

Less: Amount reclassified from accumulated other comprehensive income (loss)

 

 

—

 

 

 

(162

)

 

 

34

 

 

 

(128

)

Net current period other comprehensive income (loss)

 

 

(219

)

 

 

(24

)

 

 

3

 

 

 

(240

)

Balance as of June 30, 2024

 

$

(93

)

 

$

(17

)

 

$

6

 

 

$

(104

)

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

 

Unrealized
gains (losses)
on available
-for-sale
investments

 

 

Unrealized
gains (losses)
on derivatives

 

 

Estimated tax
benefit (provision)

 

 

Total

 

Balance as of December 31, 2022

 

$

(322

)

 

$

(338

)

 

$

125

 

 

$

(535

)

Other comprehensive income (loss) before reclassifications

 

 

191

 

 

 

1,836

 

 

 

(383

)

 

 

1,644

 

Less: Amount reclassified from accumulated other comprehensive income (loss)

 

 

—

 

 

 

1,262

 

 

 

(265

)

 

 

997

 

Net current period other comprehensive income (loss)

 

 

191

 

 

 

574

 

 

 

(118

)

 

 

647

 

Balance as of July 2, 2023

 

$

(131

)

 

$

236

 

 

$

7

 

 

$

112

 
Schedule of Reclassification out of AOCI

The following table provides details about significant amounts reclassified out of each component of AOCI:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

(In thousands)

 

June 30, 2024

 

 

July 2, 2023

 

 

June 30, 2024

 

 

July 2, 2023

 

Amount Reclassified from AOCI

 

 

 

 

 

 

 

 

 

 

 

 

Gains (losses) on cash flow hedge:

 

Foreign currency forward contracts

 

 

 

 

 

 

 

 

 

 

 

 

Affected line item in the statement of operations

 

 

 

 

 

 

 

 

 

 

 

 

Net revenue

 

$

(130

)

 

$

762

 

 

$

(209

)

 

$

1,451

 

Cost of revenue

 

 

—

 

 

 

(1

)

 

 

—

 

 

 

(2

)

Research and development

 

 

(1

)

 

 

(18

)

 

 

(2

)

 

 

(26

)

Sales and marketing

 

 

33

 

 

 

(59

)

 

 

42

 

 

 

(142

)

General and administrative

 

 

(1

)

 

 

(3

)

 

 

7

 

 

 

(19

)

Total before tax

 

 

(99

)

 

 

681

 

 

 

(162

)

 

 

1,262

 

Tax impact

 

 

21

 

 

 

(143

)

 

 

34

 

 

 

(265

)

Total, net of tax

 

$

(78

)

 

$

538

 

 

$

(128

)

 

$

997