| Supplemental Equity and Accumulated Other Comprehensive Income (Loss) |
Note 7. Supplemental Equity and Accumulated Other Comprehensive Income (Loss):
Accumulated Other Comprehensive Income
The components of Other comprehensive income (loss) consist of changes in foreign currency translation adjustments and changes in net unrealized gains (losses) on derivative instruments designated as cash flow hedges. The accumulated balances related to each component of Other comprehensive income (loss) are summarized as follows:
|
|
|
|
|
|
|
|
|
|
Quarter ended March 31, 2026 (in thousands): |
|
Unrealized |
|
|
|
|
|
|
|
|
Gains |
|
Foreign |
|
|
|
|
|
(Losses) on |
|
Currency |
|
|
|
|
|
Derivative |
|
Translation |
|
|
|
|
|
Instruments |
|
Adjustments |
|
Total |
Balance as of December 31, 2025, net of tax |
|
$ |
160 |
|
$ |
(62,504) |
|
$ |
(62,344) |
Other comprehensive income (loss), before tax: |
|
|
|
|
|
|
|
|
|
Amounts before reclassifications |
|
|
(282) |
|
|
(4,859) |
|
|
(5,141) |
Amounts reclassified out |
|
|
160 |
|
|
660 |
|
|
820 |
Total other comprehensive income (loss), before tax |
|
|
(122) |
|
|
(4,199) |
|
|
(4,321) |
Tax (expense)/benefit |
|
|
(38) |
|
|
(153) |
|
|
(191) |
Total other comprehensive income (loss), net of tax |
|
|
(160) |
|
|
(4,352) |
|
|
(4,512) |
Balance as of March 31, 2026, net of tax |
|
$ |
— |
|
$ |
(66,856) |
|
$ |
(66,856) |
|
|
|
|
|
|
|
|
|
|
Quarter ended March 31, 2025 (in thousands): |
|
Unrealized |
|
|
|
|
|
|
|
|
Gains |
|
Foreign |
|
|
|
|
|
(Losses) on |
|
Currency |
|
|
|
|
|
Derivative |
|
Translation |
|
|
|
|
|
Instruments |
|
Adjustments |
|
Total |
Balance as of December 31, 2024 net of tax: |
|
$ |
5,030 |
|
$ |
(90,680) |
|
$ |
(85,650) |
Other comprehensive income (loss), before tax: |
|
|
|
|
|
|
|
|
|
Amounts before reclassifications |
|
|
(3,079) |
|
|
4,807 |
|
|
1,728 |
Amounts reclassified out |
|
|
1,790 |
|
|
660 |
|
|
2,450 |
Total other comprehensive income (loss), before tax |
|
|
(1,289) |
|
|
5,467 |
|
|
4,178 |
Tax (expense)/benefit |
|
|
(424) |
|
|
(156) |
|
|
(580) |
Total other comprehensive income (loss), net of tax |
|
|
(1,713) |
|
|
5,311 |
|
|
3,598 |
Balance as of March 31, 2025, net of tax |
|
$ |
3,317 |
|
$ |
(85,369) |
|
$ |
(82,052) |
|
|
|
|
|
|
|
|
|
|
Nine months ended March 31, 2026 (in thousands): |
|
Unrealized |
|
|
|
|
|
|
|
|
Gains |
|
Foreign |
|
|
|
|
|
(Losses) on |
|
Currency |
|
|
|
|
|
Derivative |
|
Translation |
|
|
|
|
|
Instruments |
|
Adjustments |
|
Total |
Balance as of June 30, 2025, net of tax: |
|
$ |
2,536 |
|
$ |
(62,416) |
|
$ |
(59,880) |
Other comprehensive income (loss), before tax: |
|
|
|
|
|
|
|
|
|
Amounts before reclassifications |
|
|
(4,701) |
|
|
(5,915) |
|
|
(10,616) |
Amounts reclassified out |
|
|
2,838 |
|
|
1,933 |
|
|
4,771 |
Total other comprehensive income (loss), before tax |
|
|
(1,863) |
|
|
(3,982) |
|
|
(5,845) |
Tax (expense)/benefit |
|
|
(673) |
|
|
(458) |
|
|
(1,131) |
Total other comprehensive income (loss), net of tax |
|
|
(2,536) |
|
|
(4,440) |
|
|
(6,976) |
Balance as of March 31, 2026, net of tax |
|
$ |
— |
|
$ |
(66,856) |
|
$ |
(66,856) |
|
|
|
|
|
|
|
|
|
|
Nine months ended March 31, 2025 (in thousands): |
|
Unrealized |
|
|
|
|
|
|
|
|
Gains |
|
Foreign |
|
|
|
|
|
(Losses) on |
|
Currency |
|
|
|
|
|
Derivative |
|
Translation |
|
|
|
|
|
Instruments |
|
Adjustments |
|
Total |
Balance as of June 30, 2024, net of tax: |
|
$ |
8,102 |
|
$ |
(86,418) |
|
$ |
(78,316) |
Other comprehensive income (loss), before tax: |
|
|
|
|
|
|
|
|
|
Amounts before reclassifications |
|
|
(9,778) |
|
|
(555) |
|
|
(10,333) |
Amounts reclassified out |
|
|
6,544 |
|
|
2,102 |
|
|
8,646 |
Total other comprehensive income (loss), before tax |
|
|
(3,234) |
|
|
1,547 |
|
|
(1,687) |
Tax (expense)/benefit |
|
|
(1,551) |
|
|
(498) |
|
|
(2,049) |
Total other comprehensive income (loss), net of tax |
|
|
(4,785) |
|
|
1,049 |
|
|
(3,736) |
Balance as of March 31, 2025, net of tax |
|
$ |
3,317 |
|
$ |
(85,369) |
|
$ |
(82,052) |
Income taxes are not provided for foreign translation relating to permanent investments in international subsidiaries, but tax effects within foreign currency translation adjustments do include impacts from the net investment hedge.
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