Quarterly report pursuant to Section 13 or 15(d)

Accumulated other comprehensive loss

v3.21.2
Accumulated other comprehensive loss
9 Months Ended
Sep. 30, 2021
Accumulated other comprehensive loss.  
Accumulated other comprehensive loss

Note 5 Accumulated other comprehensive loss

The Company reports foreign currency translation adjustments and the foreign exchange gain or losses arising on the revaluation of intercompany loans of a long-term investment nature within Other comprehensive (loss) income. Unrealized gains and losses on available-for-sale debt securities are also reported within Other comprehensive (loss) income until a gain or loss is realized, at which point they are reclassified to Other (expense) income, net in the Condensed Consolidated Statement of Operations.

The following table shows the changes in Accumulated other comprehensive (loss) income (in thousands):

Accumulated

Accumulated

Total

foreign

unrealized

accumulated

currency

gains (losses) on

other

    

translation

    

available-for-sale

comprehensive

adjustments

debt securities

(loss) income

Balance at January 1, 2021

 

$

(10,158)

$

110

$

(10,048)

Foreign currency translation adjustments

(3,001)

(3,001)

Foreign currency gains on intercompany loan of a long-term investment nature, net of tax of $0

3,048

3,048

Unrealized holding losses on available-for-sale debt securities, net of tax of $0

(223)

(223)

Balance at March 31, 2021

(10,111)

(113)

(10,224)

Foreign currency translation adjustments

(4,177)

(4,177)

Foreign currency gains on intercompany loan of a long-term investment nature, net of tax of $0

3,911

3,911

Unrealized holding gains on available-for-sale debt securities, net of tax of $0

105

105

Balance at June 30, 2021

(10,377)

(8)

(10,385)

Foreign currency translation adjustments

15,564

15,564

Foreign currency losses on intercompany loan of a long-term investment nature, net of tax of $0

(15,310)

(15,310)

Unrealized holding gains on available-for-sale debt securities, net of tax of $0

33

33

Balance at September 30, 2021

$

(10,123)

$

25

$

(10,098)

Accumulated

Accumulated

Total

foreign

unrealized

accumulated

currency

gains (losses) on

other

    

translation

    

available-for-sale

comprehensive

adjustments

debt securities

(loss) income

Balance at January 1, 2020

 

$

(7,302)

$

38

$

(7,264)

Foreign currency translation adjustments

17,911

17,911

Foreign currency losses on intercompany loan of a long-term investment nature, net of tax of $0

(19,651)

(19,651)

Unrealized holding losses on available-for-sale debt securities, net of tax of $0

(586)

(586)

Balance at March 31, 2020

(9,042)

(548)

(9,590)

Foreign currency translation adjustments

1,194

1,194

Foreign currency losses on intercompany loan of a long-term investment nature, net of tax of $0

(1,108)

(1,108)

Unrealized holding gains on available-for-sale debt securities, net of tax of $0

699

699

Balance at June 30, 2020

(8,956)

151

(8,805)

Foreign currency translation adjustments

(15,522)

(15,522)

Foreign currency losses on intercompany loan of a long-term investment nature, net of tax of $0

15,698

15,698

Reclassification from accumulated other comprehensive income of gains on available-for-sale debt securities included in net loss, net of tax of $0

211

211

Unrealized holding gains on available-for-sale debt securities, net of tax of $0

(76)

(76)

Balance at September 30, 2020

$

(8,780)

$

286

$

(8,494)