| Schedule of Accumulated Other Comprehensive (Loss) Income |
The components of accumulated other comprehensive (loss) income and the adjustments to other comprehensive (loss) income for amounts reclassified from accumulated other comprehensive (loss) income into net income are as follows (in thousands):
|
|
|
Foreign currency
translation
adjustments (3) |
|
|
Net unrealized
(losses) gains
on
available-for-
sale
debt securities |
|
|
Accumulated other
comprehensive loss |
|
|
Three months ended October 29, 2022: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at July 30, 2022 |
|
$ |
(22,651 |
) |
|
$ |
(4,011 |
) |
|
$ |
(26,662 |
) |
|
Other comprehensive loss, net (1) |
|
|
(4,476 |
) |
|
|
(2,147 |
) |
|
|
(6,623 |
) |
|
Balance at October 29, 2022 |
|
$ |
(27,127 |
) |
|
$ |
(6,158 |
) |
|
$ |
(33,285 |
) |
|
Three months ended October 30, 2021: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at July 31, 2021 |
|
$ |
(3,833 |
) |
|
$ |
1,689 |
|
|
$ |
(2,144 |
) |
|
Other comprehensive loss, net (1) |
|
|
(2,340 |
) |
|
|
(1,383 |
) |
|
|
(3,723 |
) |
|
Balance at October 30, 2021 |
|
$ |
(6,173 |
) |
|
$ |
306 |
|
|
$ |
(5,867 |
) |
|
|
|
Foreign currency
translation
adjustments (3) |
|
|
Net unrealized
(losses) gains
on
available-for-
sale
investments |
|
|
Accumulated other
comprehensive
(loss) income |
|
|
Nine months ended October 29, 2022: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at January 29, 2022 |
|
$ |
(12,505 |
) |
|
$ |
(958 |
) |
|
$ |
(13,463 |
) |
|
Other comprehensive loss, net (2) |
|
|
(14,622 |
) |
|
|
(5,200 |
) |
|
|
(19,822 |
) |
|
Balance at October 29, 2022 |
|
$ |
(27,127 |
) |
|
$ |
(6,158 |
) |
|
$ |
(33,285 |
) |
|
Nine months ended October 30, 2021: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at January 30, 2021 |
|
$ |
(1,407 |
) |
|
$ |
2,346 |
|
|
$ |
939 |
|
|
Other comprehensive loss, net (2) |
|
|
(4,766 |
) |
|
|
(2,040 |
) |
|
|
(6,806 |
) |
|
Balance at October 30, 2021 |
|
$ |
(6,173 |
) |
|
$ |
306 |
|
|
$ |
(5,867 |
) |
|
(1) |
Other comprehensive loss before reclassifications was $2.2 million and $1.6 million, net of taxes for net unrealized (losses) gains on available-for-sale investments for the three months ended October 29, 2022 and October 30, 2021. Net unrealized losses, net of taxes, reclassified from accumulated other comprehensive (loss) income was $0.1 million and $0.2 million for the three months ended October 29, 2022 and October 30, 2021, respectively. |
|
(2) |
Other comprehensive loss before reclassifications was $5.3 million and $2.4 million, net of taxes for net unrealized (losses) gains on available-for-sale investments for the nine months ended October 29, 2022 and October 30, 2021. Net unrealized losses, net of taxes, reclassified from accumulated other comprehensive (loss) income was $0.1 million and $0.4 million for the nine months ended October 29, 2022 and October 30, 2021, respectively. |
|
(3) |
Foreign currency translation adjustments are not adjusted for income taxes as they relate to permanent investments in our international subsidiaries. |
|