Other Comprehensive Income (Tables)

6 Months Ended

Jun. 30, 2023

Equity [Abstract]

Summary of Other Comprehensive Income and Tax Impact

The following table is a summary of other comprehensive income and discloses the tax impact of each component of other comprehensive income for the three and six months ended June 30, 2023 and 2022 (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Net unrealized gain (loss) on available-for-sale securities, net of income taxes (1)	$	159	$	(218)	$	338	$	(1,157)
Net unrealized gain (loss) on interest rate swaps, net of income taxes(2)	1,383		705		(5)		3,571
Foreign currency translation	(5)		(7)		(9)		(9)
Total other comprehensive income	$	1,537	$	480	$	324	$	2,405

(1)Net of income tax expense of $64 and income tax benefit of $81 for the three months ended June 30, 2023 and 2022, respectively, and net of income tax expense of $135 and income tax benefit of $433 for the six months ended June 30, 2023 and 2022, respectively.

(2)Net of income tax expense of $449 and income tax expense of $250 for the three months ended June 30, 2023 and 2022, respectively, and net of income tax benefit of $14 and income tax expense of $1,178 for the six months ended June 30, 2023 and 2022, respectively.