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Other Comprehensive Income (Loss) (Tables)
6 Months Ended
Jun. 30, 2024
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)

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

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

 

 

(In thousands)

 

Foreign currency translation adjustments:

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

(3,817

)

 

$

7,005

 

 

$

(13,272

)

 

$

8,026

 

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

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

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

 

$

(3,817

)

 

$

7,005

 

 

$

(13,272

)

 

$

8,026

 

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

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

(6,756

)

 

$

(23,068

)

 

$

(21,602

)

 

$

15,364

 

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

 

 

(1,395

)

 

 

(5,237

)

 

 

(4,716

)

 

 

2,970

 

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

 

 

(5,361

)

 

 

(17,831

)

 

 

(16,886

)

 

 

12,394

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

(565

)

 

 

(331

)

 

 

(572

)

 

 

2,815

 

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

 

 

(119

)

 

 

(70

)

 

 

(120

)

 

 

591

 

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

 

 

(446

)

 

 

(261

)

 

 

(452

)

 

 

2,224

 

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

 

$

(5,807

)

 

$

(18,092

)

 

$

(17,338

)

 

$

14,618

 

Effect of change in discount rate assumptions on the LFPB:

 

 

 

 

 

 

 

 

 

 

 

 

Change in effect in discount rate assumptions on the LFPB before income taxes

 

$

137,798

 

 

$

85,310

 

 

$

305,884

 

 

$

(95,971

)

Income tax (expense) benefit on the effect of change in discount rate

 

 

 

 

 

 

 

 

 

 

 

 

 assumptions on the LFPB from accumulated OCI to net income

 

 

29,211

 

 

 

17,958

 

 

 

65,357

 

 

 

(20,941

)

Change in effect in discount rate assumptions on the LFPB, net of income taxes

 

$

108,587

 

 

$

67,352

 

 

$

240,527

 

 

$

(75,030

)