Accumulated Other Comprehensive Loss

9 Months Ended

Aug. 31, 2022

The following table summarizes the changes in accumulated balances of other comprehensive loss during the nine months ended August 31, 2022 (in thousands):


	Foreign Currency Translation Adjustment		Unrealized Losses on Investments		Unrealized (Losses) Gains on Hedging Activity		Accumulated Other Comprehensive Loss
Balance, December 1, 2021	$	(30,055)	$	(49)	$	(2,339)	$	(32,443)
Other comprehensive (loss) income before reclassifications, net of tax	(10,955)		(13)		4,882		(6,086)
Balance, August 31, 2022	$	(41,010)	$	(62)	$	2,543	$	(38,529)

The tax effect on accumulated unrealized losses and gains on investments and hedging activity was $0.9 million and $0.7 million as of August 31, 2022 and November 30, 2021, respectively.