Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2023

Regulated Operations [Abstract]

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)

Other comprehensive income (loss) is comprised of foreign currency translation adjustments and net unrealized gains (losses) on investments in securities. During the three and six months ended June 30, 2023 we recognized a $3.9 million foreign currency translation loss from the substantial completion on the closure of our Japan business.

The following table presents the changes in accumulated other comprehensive income (loss) balances during the three and six months ended June 30, 2023 and 2022:

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2023		2022		2023		2022
Balance at beginning of period	$	(33,494)	$	(22,305)	$	(34,355)	$	(16,817)
Foreign currency translation adjustments
Other comprehensive income (loss) before reclassifications	348		(13,515)		875		(18,487)
Amounts reclassified from accumulated other comprehensive loss	3,906		-		3,906		-
Net current-period other comprehensive income (loss)	4,254		(13,515)		4,781		(18,487)
Net unrealized gains (losses) on investments in securities
Other comprehensive income (loss) before reclassifications	19		(329)		353		(845)
Amounts reclassified from accumulated other comprehensive loss	-		-		-		-
Net current-period other comprehensive income (loss)	19		(329)		353		(845)
Balance at end of period	$	(29,221)	$	(36,149)	$	(29,221)	$	(36,149)