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Other Comprehensive Income (Loss)
 6 Months Ended
Jun. 30, 2024
Equity [Abstract]  
Other Comprehensive Income (Loss)

(14) Other Comprehensive Income (Loss)

 

The components of other comprehensive income (loss) (“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,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

 

 

(In thousands)

 

Foreign currency translation adjustments:

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

(3,817

)

 

$

7,005

 

 

$

(13,272

)

 

$

8,026

 

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

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

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

 

$

(3,817

)

 

$

7,005

 

 

$

(13,272

)

 

$

8,026

 

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

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

(6,756

)

 

$

(23,068

)

 

$

(21,602

)

 

$

15,364

 

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

 

 

(1,395

)

 

 

(5,237

)

 

 

(4,716

)

 

 

2,970

 

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

 

 

(5,361

)

 

 

(17,831

)

 

 

(16,886

)

 

 

12,394

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

(565

)

 

 

(331

)

 

 

(572

)

 

 

2,815

 

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

 

 

(119

)

 

 

(70

)

 

 

(120

)

 

 

591

 

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

 

 

(446

)

 

 

(261

)

 

 

(452

)

 

 

2,224

 

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

 

$

(5,807

)

 

$

(18,092

)

 

$

(17,338

)

 

$

14,618

 

Effect of change in discount rate assumptions on the LFPB:

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

137,798

 

 

$

85,310

 

 

$

305,884

 

 

$

(95,971

)

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

 

 

 

 

 

 

 

 

 

 

 

 

 assumptions on the LFPB from accumulated OCI to net income

 

 

29,211

 

 

 

17,958

 

 

 

65,357

 

 

 

(20,941

)

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

 

$

108,587

 

 

$

67,352

 

 

$

240,527

 

 

$

(75,030

)