Equity

9 Months Ended

Sep. 30, 2023

Equity [Abstract]

Equity

15. EQUITY

Accumulated Other Comprehensive (Loss) Income

The following tables present the changes in accumulated other comprehensive (loss) income, net of tax, by component:

	Three Months Ended September 30, 2023
(In thousands)	Unrealized (Losses) Gains on Available- for-Sale Securities			Defined Benefit Plan Adjustments			Foreign Currency Adjustments			ASU 2018-02 Adoption		Total
Balance as of June 30, 2023	$	(773	)	$	(958	)	$	63,554		$	385	$	62,208
Other comprehensive income (loss) before    reclassifications		635			—			(29,716	)		—		(29,081	)
Amounts reclassified from accumulated other    comprehensive loss		(244	)		(83	)		—			—		(327	)
Net current period other comprehensive income (loss)		391			(83	)		(29,716	)		—		(29,408	)
Balance as of September 30, 2023	$	(382	)	$	(1,041	)	$	33,838		$	385	$	32,800

	Three Months Ended September 30, 2022
(In thousands)	Unrealized (Losses) Gains on Available- for-Sale Securities			Defined Benefit Plan Adjustments			Foreign Currency Adjustments			ASU 2018-02 Adoption		Total
Balance as of June 30, 2022	$	(1,476	)	$	(5,713	)	$	(9,892	)	$	385	$	(16,696	)
Other comprehensive loss before    reclassifications		(254	)		—			(23,172	)		—		(23,426	)
Amounts reclassified from accumulated other    comprehensive loss		(142	)		(118	)		—			—		(260	)
Net current period other comprehensive loss		(396	)		(118	)		(23,172	)		—		(23,686	)
Less: Comprehensive loss attributable to non-controlling interest, net of tax		—			—			(94	)		—		(94	)
Balance as of September 30, 2022	$	(1,872	)	$	(5,831	)	$	(32,970	)	$	385	$	(40,288	)

	Nine Months Ended September 30, 2023
(In thousands)	Unrealized (Losses) Gains on Available- for-Sale Securities			Defined Benefit Plan Adjustments			Foreign Currency Adjustments			ASU 2018-02 Adoption		Total
Balance as of December 31, 2022	$	(836	)	$	(1,016	)	$	48,180		$	385	$	46,713
Other comprehensive income (loss) before    reclassifications		733			—			(14,098	)		—		(13,365	)
Amounts reclassified from accumulated other    comprehensive loss		(279	)		(25	)		—			—		(304	)
Net current period other comprehensive income (loss)		454			(25	)		(14,098	)		—		(13,669	)
Less: Comprehensive income attributable to non-controlling interest, net of tax		—			—			244			—		244
Balance as of September 30, 2023	$	(382	)	$	(1,041	)	$	33,838		$	385	$	32,800

	Nine Months Ended September 30, 2022
(In thousands)	Unrealized (Losses) Gains on Available- for-Sale Securities			Defined Benefit Plan Adjustments			Foreign Currency Adjustments			ASU 2018-02 Adoption		Total
Balance as of December 31, 2021	$	(552	)	$	(5,613	)	$	(6,134	)	$	385	$	(11,914	)
Other comprehensive loss before    reclassifications		(1,818	)		—			(26,930	)		—		(28,748	)
Amounts reclassified from accumulated other    comprehensive income (loss)		498			(218	)		—			—		280
Net current period other comprehensive loss		(1,320	)		(218	)		(26,930	)		—		(28,468	)
Less: Comprehensive loss attributable to non-controlling interest, net of tax		—			—			(94	)		—		(94	)
Balance as of September 30, 2022	$	(1,872	)	$	(5,831	)	$	(32,970	)	$	385	$	(40,288	)

The following tables present the details of reclassifications out of accumulated other comprehensive loss:

	Three Months Ended September 30, 2023
(In thousands)	Amount Reclassified from Accumulated Other Comprehensive Loss			Affected Line Item in the Statement Where Net Loss Is Presented
Unrealized gain (loss) on available-for-sale securities:
Net realized loss on sales of securities	$	321		Net investment (loss) gain
Defined benefit plan adjustments – actuarial loss		120		(1)
Total reclassifications for the period, before tax		441
Tax benefit		(114	)
Total reclassifications for the period, net of tax	$	327

(1)A part of the computation of net periodic pension cost, which is included in other income, net in the Condensed Consolidated Statements of Loss.

	Three Months Ended September 30, 2022
(In thousands)	Amount Reclassified from Accumulated Other Comprehensive Loss			Affected Line Item in the Statement Where Net Loss Is Presented
Unrealized gain (loss) on available-for-sale securities:
Net realized loss on sales of securities	$	187		Net investment (loss) gain
Defined benefit plan adjustments – actuarial loss		171		(1)
Total reclassifications for the period, before tax		358
Tax benefit		(98	)
Total reclassifications for the period, net of tax	$	260

(1)A part of the computation of net periodic pension cost, which is included in other income, net in the Condensed Consolidated Statements of Loss.

	Nine Months Ended September 30, 2023
(In thousands)	Amount Reclassified from Accumulated Other Comprehensive Loss			Affected Line Item in the Statement Where Net Loss Is Presented
Unrealized gain (loss) on available-for-sale securities:
Net realized loss on sales of securities	$	367		Net investment (loss) gain
Defined benefit plan adjustments – actuarial loss		36		(1)
Total reclassifications for the period, before tax		403
Tax benefit		(99	)
Total reclassifications for the period, net of tax	$	304

(1)A part of the computation of net periodic pension cost, which is included in other income, net in the Condensed Consolidated Statements of Loss.

	Nine Months Ended September 30, 2022
(In thousands)	Amount Reclassified from Accumulated Other Comprehensive Loss			Affected Line Item in the Statement Where Net Loss Is Presented
Unrealized gain (loss) on available-for-sale securities:
Net realized gain on sales of securities	$	(655	)	Net investment (loss) gain
Defined benefit plan adjustments – actuarial loss		316		(1)
Total reclassifications for the period, before tax		(339	)
Tax expense		59
Total reclassifications for the period, net of tax	$	(280	)

(1)A part of the computation of net periodic pension cost, which is included in other income, net in the Condensed Consolidated Statements of Loss.

The following table presents the tax effects related to the change in each component of other comprehensive (loss) income:

	Three Months Ended									Three Months Ended
	September 30, 2023									September 30, 2022
(In thousands)	Before-Tax Amount			Tax (Expense) Benefit			Net-of-Tax Amount			Before-Tax Amount			Tax (Expense) Benefit		Net-of-Tax Amount
Unrealized gain (loss) on available-for-sale    securities	$	836		$	(201	)	$	635		$	(334	)	$	80	$	(254	)
Reclassification adjustment for amounts related to    available-for-sale investments included in net (loss) gain		(321	)		77			(244	)		(187	)		45		(142	)
Reclassification adjustment for amounts related to    defined benefit plan adjustments included in net loss		(120	)		37			(83	)		(171	)		53		(118	)
Foreign currency translation adjustments		(29,716	)		—			(29,716	)		(23,172	)		—		(23,172	)
Total Other Comprehensive Loss	$	(29,321	)	$	(87	)	$	(29,408	)	$	(23,864	)	$	178	$	(23,686	)

	Nine Months Ended									Nine Months Ended
	September 30, 2023									September 30, 2022
(In thousands)	Before-Tax Amount			Tax (Expense) Benefit			Net-of-Tax Amount			Before-Tax Amount			Tax (Expense) Benefit			Net-of-Tax Amount
Unrealized gain (loss) on available-for-sale    securities	$	964		$	(231	)	$	733		$	(2,392	)	$	574		$	(1,818	)
Reclassification adjustment for amounts related to    available-for-sale investments included in net (loss) gain		(367	)		88			(279	)		655			(157	)		498
Reclassification adjustment for amounts related to    defined benefit plan adjustments included in net loss		(36	)		11			(25	)		(316	)		98			(218	)
Foreign currency translation adjustments		(14,098	)		—			(14,098	)		(26,930	)		—			(26,930	)
Total Other Comprehensive Loss	$	(13,537	)	$	(132	)	$	(13,669	)	$	(28,983	)	$	515		$	(28,468	)