Accumulated Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Mar. 31, 2025

The components and changes in accumulated other comprehensive income (loss) for the three months ended March 31, 2025 and 2024 were as follows:


	Available-for-Sale Debt Securities		Cash Flow Hedges		Total

	(in thousands)
Balances at December 31, 2024	$	391	$	1,026	$	1,417
Change in unrealized gains (losses) during the period	366		(2,230)		(1,864)
Amount reclassified into income during the period	20		170		190
Tax effect	(90)		483		393
Net change during the period	296		(1,577)		(1,281)
Balances at March 31, 2025	$	687	$	(551)	$	136











Balances at December 31, 2023	$	108	$	(1,812)	$	(1,704)
Change in unrealized gains (losses) during the period	(436)		1,222		786
Amount reclassified into income during the period	—		218		218
Tax effect	29		(336)		(307)
Net change during the period	(407)		1,104		697
Balances at March 31, 2024	$	(299)	$	(708)	$	(1,007)

The effects on income before income taxes of amounts reclassified from AOCI to the condensed consolidated statements of operations were as follows:


	Three Months Ended March 31,
	2025		2024

	(in thousands)
Reclassification of AOCI - Cash flow hedges
Revenues	$	179	$	(279)
Cost of revenues	(82)		15
Research and development	(217)		37
Sales and marketing	(20)		3
General and administrative	(30)		6
Total	$	(170)	$	(218)