Other Comprehensive Income

3 Months Ended

Mar. 31, 2022

Equity [Abstract]

Other Comprehensive Income

(11) Other Comprehensive Income

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

	Three months ended March 31,
	2022			2021
	(In thousands)
Foreign currency translation adjustments:
Change in unrealized foreign currency translation gains (losses)    before income taxes	$	3,158		$	4,992
Income tax expense (benefit) on unrealized foreign currency    translation gains (losses)		-			-
Change in unrealized foreign currency translation gains    (losses), net of income taxes	$	3,158		$	4,992
Unrealized gain (losses) on available-for-sale securities:
Change in unrealized holding gains (losses) arising during period    before income taxes	$	(164,937	)	$	(64,890	)
Income tax expense (benefit) on unrealized holding gains    (losses) arising during period		(35,241	)		(14,185	)
Change in unrealized holding gains (losses) on available-for-sale    securities arising during period, net of income taxes		(129,696	)		(50,705	)
Reclassification from accumulated OCI to net income for (gains)    losses realized on available-for-sale securities		(658	)		(468	)
Income tax (expense) benefit on (gains) losses reclassified    from accumulated OCI to net income		(138	)		(98	)
Reclassification from accumulated OCI to net income for (gains)    losses realized on available-for-sale securities, net of income taxes		(520	)		(370	)
Change in unrealized gains (losses) on available-for-sale    securities, net of income taxes and reclassification adjustment	$	(130,216	)	$	(51,075	)