Comprehensive Income

3 Months Ended

Mar. 31, 2023

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Our OCI is comprised of net income, foreign currency translation adjustments, and unrealized gains and losses on forward contracts. The accumulated OCI, net of tax, for the three months ended March 31, 2023 and 2022, consisted of the following:


	March 31, 2023
	(Unaudited)
(In thousands)	Currency translation adjustment		Investments		Derivative instruments		Accumulated other comprehensive income/(loss)
Balance as of December 31, 2022	$	(38,250)	$	—	385		$	(37,865)
Current-period other comprehensive income (loss)	4,889		—		207		5,096
Reclassified from accumulated OCI into income	—		—		(1,883)		(1,883)
Income tax benefit	—		—		384		384
Balance as of March 31, 2023	$	(33,361)	$	—	$	(907)	$	(34,268)


	March 31, 2022
	(Unaudited)
(In thousands)	Currency translation adjustment		Investments		Derivative instruments		Accumulated other comprehensive income/(loss)
Balance as of December 31, 2021	$	(23,179)	$	—	3,048		$	(20,131)
Current-period other comprehensive (loss) income	(3,805)		—		3,040		(765)
Reclassified from accumulated OCI into income	—		—		(1,173)		(1,173)
Income tax expense	—		—		(425)		(425)
Balance as of March 31, 2022	$	(26,984)	$	—	$	4,490	$	(22,494)