Stockholders' Equity |
Note 6. Stockholders’ Equity The tables below present the condensed consolidated statements of stockholders’ equity as of and for the three and six months ended June 30, 2025 and 2024 (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Ordinary Shares | | Ordinary Shares - Amount | | Additional Paid-In Capital | | Treasury Stock | | Accumulated Other Comprehensive Income (Loss) | | Accumulated Deficit | | Total Stockholders’ Equity | March 31, 2025 | | 55,441 | | | $ | 84,446 | | | $ | 2,224,578 | | | $ | (1,426) | | | $ | (42,728) | | | $ | (1,230,572) | | | $ | 1,034,298 | | Stock-based compensation plans | | 58 | | 75 | | | 10,199 | | | 265 | | | — | | | — | | | 10,539 | | Net income | | — | | | — | | | — | | | — | | | — | | | 27,161 | | | 27,161 | | Other comprehensive income | | — | | | — | | | — | | | — | | | 50,841 | | | — | | | 50,841 | | June 30, 2025 | | 55,499 | | | $ | 84,521 | | | $ | 2,234,777 | | | $ | (1,161) | | | $ | 8,113 | | | $ | (1,203,411) | | | $ | 1,122,839 | | | | | | | | | | | | | | | | | March 31, 2024 | | 54,296 | | | $ | 82,975 | | | $ | 2,192,676 | | | $ | (481) | | | $ | (45,206) | | | $ | (1,008,427) | | | $ | 1,221,537 | | Stock-based compensation plans | | 108 | | | 95 | | | 11,904 | | | 286 | | | — | | | — | | | 12,285 | | Net income | | — | | | — | | | — | | | — | | | — | | | 16,333 | | | 16,333 | | Other comprehensive loss | | — | | | — | | | — | | | — | | | (7,613) | | | — | | | (7,613) | | June 30, 2024 | | 54,404 | | | $ | 83,070 | | | $ | 2,204,580 | | | $ | (195) | | | $ | (52,819) | | | $ | (992,094) | | | $ | 1,242,542 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Ordinary Shares | | Ordinary Shares - Amount | | Additional Paid-In Capital | | Treasury Stock | | Accumulated Other Comprehensive Income (Loss) | | Accumulated Deficit | | Total Stockholders’ Equity | December 31, 2024 | | 54,438 | | | $ | 83,156 | | | $ | 2,220,658 | | | $ | (136) | | | $ | (80,170) | | | $ | (903,250) | | | $ | 1,320,258 | | Issuance of shares - EBT | | 1,000 | | | 1,290 | | | — | | | (1,290) | | | — | | | — | | | — | | Stock-based compensation plans | | 61 | | | 75 | | | 14,119 | | | 265 | | | — | | | — | | | 14,459 | | Net loss | | — | | | — | | | — | | | — | | | — | | | (300,161) | | | (300,161) | | Other comprehensive income | | — | | | — | | | — | | | — | | | 88,283 | | | — | | | 88,283 | | June 30, 2025 | | 55,499 | | | $ | 84,521 | | | $ | 2,234,777 | | | $ | (1,161) | | | $ | 8,113 | | | $ | (1,203,411) | | | $ | 1,122,839 | | | | | | | | | | | | | | | | | December 31, 2023 | | 53,942 | | | $ | 82,533 | | | $ | 2,189,517 | | | $ | (55) | | | $ | (27,883) | | | $ | (966,484) | | | $ | 1,277,628 | | Issuance of shares - EBT | | 350 | | | 440 | | | — | | | (440) | | | — | | | — | | | — | | Stock-based compensation plans | | 112 | | | 97 | | | 15,063 | | | 300 | | | — | | | — | | | 15,460 | | Net loss | | — | | | — | | | — | | | — | | | — | | | (25,610) | | | (25,610) | | Other comprehensive loss | | — | | | — | | | — | | | — | | | (24,936) | | | — | | | (24,936) | | June 30, 2024 | | 54,404 | | | $ | 83,070 | | | $ | 2,204,580 | | | $ | (195) | | | $ | (52,819) | | | $ | (992,094) | | | $ | 1,242,542 | |
The tables below present the change in AOCI, net of tax, and the reclassifications out of AOCI into net income for the six months ended June 30, 2025 and 2024 (in thousands): | | | | | | | | | | | | | | | | | Foreign Currency Translation Adjustments (1) | | | December 31, 2024 | | | | $ | (80,170) | | | | Other comprehensive income before reclassifications, before tax | | | | 88,283 | | | | Tax expense | | | | — | | | | Other comprehensive income net of reclassifications, before tax | | | | 88,283 | | | | | | | | | | | | | | | | | | | | | | | | | Net current-period other comprehensive income, net of tax | | | | 88,283 | | | | June 30, 2025 | | | | $ | 8,113 | | | |
(1)Taxes were not provided for foreign currency translation adjustments as translation adjustments are related to earnings that are intended to be reinvested in the countries where earned. | | | | | | | | | | | | | | | | | Foreign Currency Translation Adjustments (1) | | | December 31, 2023 | | | | $ | (27,883) | | | | Other comprehensive loss before reclassifications, before tax | | | | (24,936) | | | | Tax expense | | | | — | | | | Other comprehensive loss before reclassifications, net of tax | | | | (24,936) | | | | | | | | | | | | | | | | | | | | | | | | | Net current-period other comprehensive loss, net of tax | | | | (24,936) | | | | June 30, 2024 | | | | $ | (52,819) | | | |
(1)Taxes were not provided for foreign currency translation adjustments as translation adjustments are related to earnings that are intended to be reinvested in the countries where earned.
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