The following table summarizes the changes in each component of accumulated other comprehensive loss, net for the three months ended October 31, 2023:


	Foreign Currency Translation		Deferred Compensation and Pension Plan		Unrealized Losses on Marketable Securities		Accumulated Other Comprehensive Loss

	(in thousands)
Balance as of July 31, 2023	$	(94,729)	$	4,408	$	(150)	$	(90,471)
Unrealized (losses) gains arising during the period	(25,467)		—		37		(25,430)
Reclassification of realized net losses to net income	—		28		—		28
Balance as of October 31, 2023	$	(120,196)	$	4,436	$	(113)	$	(115,873)

The following table summarizes the changes in each component of accumulated other comprehensive loss, net for the six months ended October 31, 2023:


	Foreign Currency Translation		Deferred Compensation and Pension Plan		Unrealized Losses on Marketable Securities (1)		Accumulated Other Comprehensive Loss

	(in thousands)
Balance as of April 30, 2023	$	(96,860)	$	4,381	$	(285)	$	(92,764)
Unrealized (losses) gains arising during the period	(23,336)		—		172		(23,164)
Reclassification of realized net losses to net income	—		55		—		55
Balance as of October 31, 2023	$	(120,196)	$	4,436	$	(113)	$	(115,873)


(1)			The tax effect on the unrealized gains was $0.1 million for the six months ended October 31, 2023.

The following table summarizes the changes in each component of accumulated other comprehensive loss, net for the three months ended October 31, 2022:


	Foreign Currency Translation		Deferred Compensation and Pension Plan		Unrealized Losses on Marketable Securities (2)		Accumulated Other Comprehensive Loss

	(in thousands)
Balance as of July 31, 2022	$	(108,974)	$	1,012	$	(482)	$	(108,444)
Unrealized losses arising during the period	(28,017)		—		(258)		(28,275)
Reclassification of realized net losses to net income	—		54		—		54
Balance as of October 31, 2022	$	(136,991)	$	1,066	$	(740)	$	(136,665)

The following table summarizes the changes in each component of accumulated other comprehensive loss, net for the six months ended October 31, 2022:


	Foreign Currency Translation		Deferred Compensation and Pension Plan (1)		Unrealized Losses on Marketable Securities (2)		Accumulated Other Comprehensive Loss

	(in thousands)
Balance as of April 30, 2022	$	(92,717)	$	961	$	(429)	$	(92,185)
Unrealized losses arising during the period	(44,274)		—		(311)		(44,585)
Reclassification of realized net losses to net income	—		105		—		105
Balance as of October 31, 2022	$	(136,991)	$	1,066	$	(740)	$	(136,665)


(1)			The tax effect on the reclassifications of realized net losses was $0.1 million for the six months ended October 31, 2022.
(2)			The tax effect on the unrealized losses were $0.1 million and $0.1 million for the three and six months ended October 31, 2022.