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Foreign Currency Loss, Net
3 Months Ended
Mar. 31, 2025
Foreign Currency [Abstract]  
Foreign Currency Loss, Net
12. Foreign Currency Loss, Net
Net foreign currency gain or loss includes
non-cash
translation gain or loss associated with intercompany balances. A substantial portion of the Company’s net foreign currency gain or loss is
non-cash
translation gain or loss associated with intercompany long-term loans to MSK, one of the Company’s Korean subsidiaries. The loans are denominated in U.S. dollars and are affected by changes in the exchange rate between the Korean won and the U.S. dollar. As of March 31, 2025 and December 31, 2024, the outstanding intercompany loan balances including accrued interest between MSK and the Dutch subsidiary were $260,731 thousand and $257,670 thousand, respectively. The Korean won to U.S. dollar exchange rates were 1,466.5:1 and 1,470.0:1 using the first base rate as of March 31, 2025 and December 31, 2024, respectively, as quoted by the KEB Hana Bank.