STOCKHOLDERS' EQUITY (Tables)

9 Months Ended

Sep. 30, 2023

Equity [Abstract]

Changes in AOCI by Component

Changes in AOCI by component, net of tax, for the nine months ended September 30, 2023 are summarized as follows (in thousands):

	Foreign Currency Translation		Derivative Instruments		Total
Balances at December 31, 2022	$	(1,791)	$	909	$	(882)
Net unrealized gains (losses) arising during the period(a)	564		130		694
Less: Net realized gains (losses) reclassified to net income(b)	—		366		366
Net change during the period	564		(236)		328
Balances at March 31, 2023	(1,227)		673		(554)
Net unrealized gains (losses) arising during the period(c)	502		(3,229)		(2,727)
Less: Net realized gains (losses) reclassified to net income(d)	—		(277)		(277)
Net change during the period	502		(2,952)		(2,450)
Balances at June 30, 2023	(725)		(2,279)		(3,004)
Net unrealized gains (losses) arising during the period(e)	(337)		(315)		(652)
Less: Net realized gains (losses) reclassified to net income(f)	—		(1,727)		(1,727)
Net change during the period	(337)		1,412		1,075
Balances at September 30, 2023	$	(1,062)	$	(867)	$	(1,929)

—————————

(a) Derivative instruments net of less than $0.1 million of tax liability for the three months ended March 31, 2023.

(b) Derivative instruments net of $0.1 million of tax liability for the three months ended March 31, 2023.

(c) Derivative instruments net of $1.0 million of tax benefit for the three months ended June 30, 2023.

(d) Derivative instruments net of $0.1 million of tax benefit for the three months ended June 30, 2023.

(e) Derivative instruments net of $0.1 million of tax benefit for the three months ended September 30, 2023.

(f) Derivative instruments net of $0.6 million of tax benefit for the three months ended September 30, 2023.

Changes in AOCI by component, net of tax, for the nine months ended September 30, 2022 are summarized as follows (in thousands):

	Foreign Currency Translation		Derivative Instruments		Total
Balances at December 31, 2021	$	(1,989)	$	2,848	$	859
Net unrealized gains (losses) arising during the period(g)	243		17,555		17,798
Less: Net realized gains (losses) reclassified to net loss(h)	—		3,970		3,970
Net change during the period	243		13,585		13,828
Balances at March 31, 2022	(1,746)		16,433		14,687
Net unrealized gains (losses) arising during the period(i)	(303)		(14,165)		(14,468)
Less: Net realized gains (losses) reclassified to net income(j)	—		5,445		5,445
Net change during the period	(303)		(19,610)		(19,913)
Balances at June 30, 2022	(2,049)		(3,177)		(5,226)
Net unrealized gains (losses) arising during the period (k)	(80)		(3,634)		(3,714)
Less: Net realized gains (losses) reclassified to net income (l)	—		(1,466)		(1,466)
Net change during the period	(80)		(2,168)		(2,248)
Balances at September 30, 2022	$	(2,129)	$	(5,345)	$	(7,474)

—————————

(g) Derivative instruments net of $5.9 million of tax liability for the three months ended March 31, 2022.

(h) Derivative instruments net of $1.3 million of tax liability for the three months ended March 31, 2022.

(i) Derivative instruments net of $4.7 million of tax benefit for the three months ended June 30, 2022.

(j) Derivative instruments net of $1.8 million of tax liability for the three months ended June 30, 2022.

(k) Derivative instruments net of $1.2 million of tax benefit for the three months ended September 30, 2022.

(l) Derivative instruments net of $0.5 million of tax benefit for the three months ended September 30, 2022.