| ACCUMULATED OTHER COMPREHENSIVE INCOME |
ACCUMULATED OTHER COMPREHENSIVE INCOME 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 | |
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