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Comprehensive Income (Loss)
12 Months Ended
Dec. 31, 2024
Equity [Abstract]  
Comprehensive Income (Loss) Comprehensive Income (Loss)
Comprehensive income (loss) includes net income (loss) and all changes in shareholders’ equity during a period, except for those changes resulting from investments by shareholders or distributions to shareholders.
Accumulated Other Comprehensive Loss
The components of accumulated other comprehensive loss as of December 31, 2024 and 2023 were as follows (in thousands):
Net Unrealized
Gain From
Hedging Activities
Foreign
Currency
Translation
Adjustments
Total
Accumulated
Other
Comprehensive
Loss
Balance at December 31, 2023$235 $(842,382)$(842,147)
Other comprehensive income (loss) before reclassifications5,298 (106,025)(100,727)
Amounts reclassified from accumulated other comprehensive loss(4,793)— (4,793)
Other comprehensive income (loss), net505 (106,025)(105,520)
Balance at December 31, 2024$740 $(948,407)$(947,667)
In 2024, other comprehensive income (loss) primarily reflects foreign currency translation adjustments due to the weakening of sterling and the euro against the U.S. dollar.