v3.26.1
Accumulated Other Comprehensive Income (Loss)
 3 Months Ended
Mar. 31, 2026
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive Income (Loss)
The components and changes in accumulated other comprehensive income (loss) for the three months ended March 31, 2026 and 2025 were as follows:
Available-for-Sale Debt SecuritiesCash Flow HedgesTotal
(in thousands)
Balances at December 31, 2025$990 $(5,002)$(4,012)
Change in unrealized losses during the period(1,629)(721)(2,350)
Amount reclassified into income during the period(1)1,416 1,415 
Tax effect296 (161)135 
Net change during the period(1,334)534 (800)
Balances at March 31, 2026$(344)$(4,468)$(4,812)
Balances at December 31, 2024$391 $1,026 $1,417 
Change in unrealized gains (losses) during the period366 (2,230)(1,864)
Amount reclassified into income during the period20 170 190 
Tax effect(90)483 393 
Net change during the period296 (1,577)(1,281)
Balances at March 31, 2025$687 $(551)$136 
The effects on income before income taxes of amounts reclassified from AOCI to the condensed consolidated statements of operations were as follows:
Three Months Ended
March 31,
20262025
(in thousands)
Reclassification of AOCI - Cash flow hedges
Revenues$(1,010)$179 
Cost of revenues(91)(82)
Research and development(253)(217)
Sales and marketing(28)(20)
General and administrative(34)(30)
Total$(1,416)$(170)
There was no reclassification of AOCI to other income (expense), net related to available-for-sale debt securities during the three months ended March 31, 2026, and an immaterial amount during the same period in 2025.