The Company’s accumulated other comprehensive loss consists of unrealized gains and losses from the Company’s available-for-sale marketable securities and restricted marketable securities. The following table provides a summary of the changes in accumulated other comprehensive loss for the six months ended June 30, 2025 and 2024:


	Unrealized Gains and Losses on Available-for-Sale Securities¹
	Six Months Ended June 30,
	2025		2024
	(in thousands)
Accumulated other comprehensive loss — beginning balance	$	(2,317)	$	(1,844)
Other comprehensive income (loss) before reclassifications	872		(1,040)
Income reclassified from other comprehensive income (loss)²	3		267
Net current period other comprehensive income (loss)³	875		(773)
Accumulated other comprehensive loss — ending balance	$	(1,442)	$	(2,617)

2.Realized gains and losses were recorded pre-tax within “Investment and other income, net” in the Consolidated Statements of Comprehensive (Loss)/Income. For the six months ended June 30, 2025 and 2024, the Company recorded realized losses of less than $0.1 million and $0.3 million, respectively from the sale of available-for-sale securities. Refer to Note 9—Fair Value Measurements herein for further information.

3.For the six months ended June 30, 2025 and 2024, the changes in accumulated other comprehensive loss were net of a tax expense of $0.2 million and a tax benefit of $0.1 million, respectively.

The following table provides a rollforward of amounts reclassified from accumulated other comprehensive loss to realized losses for the three and six months ended June 30, 2025 and 2024:


	Amounts Reclassified from Accumulated Other Comprehensive Loss
	2025		2024
	(in thousands)
Three Months Ended June 30,
Losses from the sale of available-for-sale securities	$	(1)	$	(126)
Tax benefit	—		26
Net loss reclassified from accumulated other comprehensive	$	(1)	$	(100)
Six Months Ended June 30,
Losses from the sale of available-for-sale securities	$	(3)	$	(337)
Tax benefit	—		70
Net losses reclassified from accumulated other comprehensive loss	$	(3)	$	(267)