ACCUMULATED OTHER COMPREHENSIVE INCOME

9 Months Ended

Sep. 30, 2020

The following table summarizes amounts reclassified out of AOCI and their effect on the Company’s Condensed Consolidated Statements of Comprehensive Income (Loss) for the three and nine months ended September 30, 2020 and 2019.


	Condensed Consolidated Statement of Comprehensive Income (Loss) Classification	Three Months Ended September 30,				Nine Months Ended September 30,
		2020		2019		2020		2019
Gains (losses) on cash flow hedges:
Forward contracts	Net product revenues	$	2,693	$	6,196	$	17,301	$	11,171
Forward contracts	Operating expenses	(815)		(1,388)		(4,274)		(1,885)
Total gain (loss) on cash flow hedges		$	1,878	$	4,808	$	13,027	$	9,286

The following tables summarize changes in the accumulated balances for each component of AOCI, including current period other comprehensive income (loss) and reclassifications out of AOCI for the three and nine months ended September 30, 2020 and 2019.


	Three Months Ended September 30, 2020
	Unrealized Gains (Losses) on Cash Flow Hedges		Unrealized Gains (Losses) on Available for-Sale Debt Securities		Other		Total
AOCI balance at June 30, 2020	$	22,963	$	7,087	$	—	$	30,050
Other comprehensive income (loss) before reclassifications	(16,094)		(2,201)		—		(18,295)
Less: net gain (loss) reclassified from AOCI	1,878		—		—		1,878
Tax effect	—		508		—		508
Net current-period other comprehensive income (loss)	(17,972)		(1,693)		—		(19,665)
AOCI balance at September 30, 2020	$	4,991	$	5,394	$	—	$	10,385


	Three Months Ended September 30, 2019
	Unrealized Gains (Losses) on Cash Flow Hedges		Unrealized Gains (Losses) on Available for-Sale Debt Securities		Other		Total
AOCI balance at June 30, 2019	$	14,181	$	3,271	$	(13)	$	17,439
Other comprehensive income (loss) before reclassifications	23,973		522		(3)		24,492
Less: gain (loss) reclassified from AOCI	4,808		—		—		4,808
Tax effect	—		(120)		—		(120)
Net current-period other comprehensive income (loss)	19,165		402		(3)		19,564
AOCI balance at September 30, 2019	$	33,346	$	3,673	$	(16)	$	37,003


	Nine Months Ended September 30, 2020
	Unrealized Gains (Losses) on Cash Flow Hedges		Unrealized Gains (Losses) on Available for-Sale Debt Securities		Other		Total
AOCI balance at December 31, 2019	$	16,614	$	3,565	$	(15)	$	20,164
Other comprehensive income (loss) before reclassifications	1,404		2,379		15		3,798
Less: gain (loss) reclassified from AOCI	13,027				—		13,027
Tax effect	—		(550)		—		(550)
Net current-period other comprehensive income (loss)	(11,623)		1,829		15		(9,779)
AOCI balance at September 30, 2020	$	4,991	$	5,394	$	—	$	10,385


	Nine Months Ended September 30, 2019
	Unrealized Gains (Losses) on Cash Flow Hedges		Unrealized Gains (Losses) on Available for-Sale Debt Securities		Other		Total
AOCI balance at December 31, 2018	$	7,201	$	(1,917)	$	(13)	$	5,271
Other comprehensive income (loss) before reclassifications	35,431		7,256		(3)		42,684
Less: gain (loss) reclassified from AOCI	9,286		—		—		9,286
Tax effect	—		(1,666)		—		(1,666)
Net current-period other comprehensive income (loss)	26,145		5,590		(3)		31,732
AOCI balance at September 30, 2019	$	33,346	$	3,673	$	(16)	$	37,003