Accumulated Other Comprehensive Loss

9 Months Ended

Aug. 31, 2024

The following table summarizes the changes in accumulated balances of other comprehensive loss during the nine months ended August 31, 2024:


(in thousands)	Foreign Currency Translation Adjustment		Unrealized Gains (Losses) on Hedging Activity		Accumulated Other Comprehensive Loss
Balance, December 1, 2023	$	(33,295)	$	1,135	$	(32,160)
Other comprehensive gain (loss) before reclassifications, net of tax	643		(689)		(46)
Amount of gain reclassified from accumulated other comprehensive loss into net income, net of tax	—		(446)		(446)
Balance, August 31, 2024	$	(32,652)	$	—	$	(32,652)

The tax effect on accumulated unrealized gains (losses) on our hedging activity was minimal as of August 31, 2024 and was a tax provision of $0.4 million as of November 30, 2023.