ACCUMULATED OTHER COMPREHENSIVE LOSS

3 Months Ended

Mar. 31, 2024

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

ACCUMULATED OTHER COMPREHENSIVE LOSS:

Amounts related to the changes in accumulated other comprehensive loss were as follows (in thousands):


	Unrealized Gain (Loss) on Available-for-Sale Securities			Net Unrealized Gain (Loss) on Retirement Plan (2)			Change in Cumulative Foreign Currency Translation Adjustment			Total			Affected Line Items in the Consolidated Statements of Income
Balance December 31, 2023, net of tax	$	858		$	(1,808	)	$	(136	)	$	(1,086	)
Other comprehensive (loss) gain before reclassification		(2,666	)		—			(50	)		(2,716	)
Reclassification to net income (1)		—			8			—			8		Selling, general and administrative, research and development and cost of sales
Change during period		(2,666	)		8			(50	)		(2,708	)
Balance March 31, 2024, net of tax	$	(1,808	)	$	(1,800	)	$	(186	)	$	(3,794	)


	Unrealized Gain (Loss) on Available-for-Sale Securities			Net Unrealized Gain (Loss) on Retirement Plan (2)			Change in Cumulative Foreign Currency Translation Adjustment			Total			Affected Line Items in the Consolidated Statements of Income
Balance December 31, 2022, net of tax	$	(7,887	)	$	(10,011	)	$	(554	)	$	(18,452	)
Other comprehensive gain before reclassification		2,627			—			95			2,722
Reclassification to net income (1)		—			253			—			253		Selling, general and administrative, research and development and cost of sales
Change during period		2,627			253			95			2,975
Balance March 31, 2023, net of tax	$	(5,260	)	$	(9,758	)	$	(459	)	$	(15,477	)

(1)

The Company reclassified amortization of prior service cost and actuarial loss for its retirement plan from accumulated other comprehensive loss to net income of $8,000 and $253,000 for the three months ended March 31, 2024 and 2023, respectively.

(2)

Refer to Note 17: Retirement Plan Benefit Liability.