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Other Comprehensive Income
 6 Months Ended
Jun. 30, 2023
Equity [Abstract]  
Other Comprehensive Income

(14) Other Comprehensive Income

 

The components of other comprehensive income (“OCI”), including the income tax expense or benefit allocated to each component, were as follows:

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

 

 

(In thousands)

 

Foreign currency translation adjustments:

 

 

 

 

 

 

 

 

 

 

 

 

Change in unrealized foreign currency translation gains (losses)
   before income taxes

 

$

7,005

 

 

$

(9,511

)

 

$

8,026

 

 

$

(6,211

)

Income tax expense (benefit) on unrealized foreign currency
   translation gains (losses)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Change in unrealized foreign currency translation gains
   (losses), net of income taxes

 

$

7,005

 

 

$

(9,511

)

 

$

8,026

 

 

$

(6,211

)

Unrealized gain (losses) on available-for-sale securities:

 

 

 

 

 

 

 

 

 

 

 

 

Change in unrealized holding gains (losses) arising during period
   before income taxes

 

$

(23,068

)

 

$

(138,879

)

 

$

15,364

 

 

$

(303,818

)

Income tax expense (benefit) on unrealized holding gains
   (losses) arising during period

 

 

(5,237

)

 

 

(29,616

)

 

 

2,970

 

 

 

(64,858

)

Change in unrealized holding gains (losses) on available-for-sale
   securities arising during period, net of income taxes

 

 

(17,831

)

 

 

(109,263

)

 

 

12,394

 

 

 

(238,960

)

 

 

 

 

 

 

 

 

…

 

 

 

 

Reclassification from accumulated OCI to net income for (gains)
   losses realized on available-for-sale securities

 

 

(331

)

 

 

(56

)

 

 

2,815

 

 

 

(713

)

Income tax (expense) benefit on (gains) losses reclassified
   from accumulated OCI to net income

 

 

(70

)

 

 

(12

)

 

 

591

 

 

 

(150

)

Reclassification from accumulated OCI to net income for (gains)
   losses realized on available-for-sale securities, net of income taxes

 

 

(261

)

 

 

(44

)

 

 

2,224

 

 

 

(563

)

Change in unrealized gains (losses) on available-for-sale
   securities, net of income taxes and reclassification adjustment

 

$

(18,092

)

 

$

(109,307

)

 

$

14,618

 

 

$

(239,523

)

Effect of change in discount rate assumptions on the LFPB:

 

 

 

 

 

 

 

 

 

 

 

 

Change in effect in discount rate assumptions on the LFPB before income taxes

 

$

85,310

 

 

$

621,900

 

 

$

(95,971

)

 

$

1,442,716

 

Income tax (expense) benefit on the effect of change in discount rate

 

 

 

 

 

 

 

 

 

 

 

 

 assumptions on the LFPB from accumulated OCI to net income

 

 

17,958

 

 

 

133,068

 

 

 

(20,941

)

 

 

308,613

 

Change in effect in discount rate assumptions on the LFPB, net of income taxes

 

$

67,352

 

 

$

488,832

 

 

$

(75,030

)

 

$

1,134,103