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Other Comprehensive Income
12 Months Ended
Dec. 31, 2022
Equity [Abstract]  
Other Comprehensive Income

(2) Other Comprehensive Income

The components of other comprehensive income (“OCI”), including the income tax expense or benefit allocated to each component, were as follows:

 

 

 

Year ended December 31,

 

 

 

2022

 

 

2021

 

 

2020

 

 

(In thousands)

 

Foreign currency translation adjustments:

 

 

 

 

 

 

 

 

 

Change in unrealized foreign currency translation gains (losses)
   before income taxes

 

$

(20,015

)

 

$

7,033

 

 

$

7,343

 

Income tax expense (benefit) on unrealized foreign currency
  translation gains (losses)

 

 

-

 

 

 

-

 

 

 

-

 

Change in unrealized foreign currency translation gains
  (losses), net of income taxes

 

$

(20,015

)

 

$

7,033

 

 

$

7,343

 

Unrealized gain (losses) on available-for-sale securities:

 

 

 

 

 

 

 

 

 

Change in unrealized holding gains (losses) arising during
   period before income taxes

 

$

(385,735

)

 

$

(78,348

)

 

$

78,533

 

Income tax expense (benefit) on unrealized holding gains
  (losses) arising during period

 

 

(82,185

)

 

 

(17,038

)

 

 

17,033

 

Change in unrealized holding gains (losses) on available-for-sale
  securities arising during period, net of income taxes

 

 

(303,550

)

 

 

(61,310

)

 

 

61,500

 

 

 

 

 

 

 

 

 

 

 

Reclassification from accumulated OCI to net income for (gains)
  losses realized on available-for-sale securities

 

 

(1,387

)

 

 

(3,849

)

 

 

2,614

 

Income tax (expense) benefit on (gains) losses reclassified from
  accumulated OCI to net income

 

 

(292

)

 

 

(808

)

 

 

549

 

Reclassification from accumulated OCI to net income for (gains)
  losses realized on available-for-sale securities, net of income
  taxes

 

 

(1,095

)

 

 

(3,041

)

 

 

2,065

 

Change in unrealized gains (losses) on available-for-sale
  securities, net of income taxes and reclassification adjustment

 

$

(304,645

)

 

$

(64,351

)

 

$

63,565