Accumulated Other Comprehensive Loss

12 Months Ended

Dec. 31, 2023

Regulated Operations [Abstract]

Accumulated Other Comprehensive Loss

Accumulated Other Comprehensive Loss

Other comprehensive loss is comprised of foreign currency translation adjustments and net unrealized gains (losses) on investments in securities. During the year ending December 31, 2023 we recognized a $3.9 million foreign currency translation loss from the completion on the closure of our Japan business.

The following table presents the changes in accumulated other comprehensive loss balances for the years ending December 31, 2023, 2022 and 2021, respectively:

	Year Ended December 31,
(in thousands)	2023		2022		2021
Balance at beginning of period	$	(34,355)	$	(16,817)	$	(3,420)
Foreign currency translation adjustments
Other comprehensive income (loss) before reclassifications	1,459		(16,278)		(13,278)
Amounts reclassified from accumulated other comprehensive income (loss)	3,906		-		-
Net current-period other comprehensive income (loss)	5,365		(16,278)		(13,278)
Net unrealized gains (losses) on investments in securities
Other comprehensive income (loss) before reclassifications	977		(1,260)		(119)
Amounts reclassified from accumulated other comprehensive income (loss)	-		-		-
Net current-period other comprehensive income (loss)	977		(1,260)		(119)
Balance at end of period	$	(28,013)	$	(34,355)	$	(16,817)