Accumulated Other Comprehensive Loss

9 Months Ended

Aug. 31, 2023

The following table summarizes the changes in accumulated balances of other comprehensive loss during the nine months ended August 31, 2023 (in thousands):


	Foreign Currency Translation Adjustment		Unrealized Losses on Investments		Unrealized Gain (Losses) on Hedging Activity		Accumulated Other Comprehensive Loss
Balance, December 1, 2022	$	(38,523)	$	(61)	$	3,349	$	(35,235)
Other comprehensive income (loss) before reclassifications, net of tax	5,124		—		(1,476)		3,648
Balance, August 31, 2023	$	(33,399)	$	(61)	$	1,873	$	(31,587)

The tax effect on accumulated unrealized gains (losses) on hedging activity and unrealized losses on investments was a tax provision of $0.7 million and $1.1 million as of August 31, 2023 and November 30, 2022, respectively.