Accumulated Other Comprehensive Loss

12 Months Ended

Dec. 31, 2023

The table below summarizes the changes in accumulated other comprehensive loss by component:


	Unrealized Gains and Losses on Available-for-Sale Marketable Securities		Foreign Currency Translation Adjustments		Total


Balance as of December 31, 2021	$	(179)	$	(141)	$	(320)
Other comprehensive loss	(1,521)		(632)		(2,153)
Balance as of December 31, 2022	(1,700)		(773)		(2,473)
Other comprehensive income	1,701		113		1,814
Balance as of December 31, 2023	$	1	$	(660)	$	(659)

Assets and liabilities of the Company’s wholly owned foreign subsidiaries are translated from their respective functional currencies at exchange rates in effect at the balance sheet date, and revenue and expenses are translated at the monthly average exchanges rates. These translations result in differences called foreign currency translation adjustments. Realized foreign currency transaction gains or losses were not significant during the years ended December 31, 2023, 2022 and 2021 and are recorded in “Other expense, net” in the Company's Consolidated Statements of Comprehensive Income. Realized gains and losses on sales of available-for-sale marketable securities, if any, are reclassified from accumulated other comprehensive loss to “Other expense, net” in our Consolidated Statements of Comprehensive Income.