The following table summarizes the changes in the accumulated balances during the period, and includes information regarding the manner in which the reclassifications out of accumulated other comprehensive loss into earnings affect our condensed consolidated statements of comprehensive income (in thousands):


	Three Months Ended March 31, 2026								Three Months Ended March 31, 2025
	Marketable Investments		Non-Marketable Investments		Currency Translation Adjustments		Total		Marketable Investments		Non-Marketable Investments		Currency Translation Adjustments		Total
Balance, beginning of the period	$	(608)	$	3,761	$	1,195	$	4,348	$	(701)	$	2,850	$	(7,992)	$	(5,843)
Other comprehensive (loss) income before reclassifications:
Unrealized losses — investments	(1,120)		—		—		(1,120)		(29)		—		—		(29)

Foreign currency translation (losses) gains	—		—		(1,204)		(1,204)		—		—		2,735		2,735
Income tax effect — benefit	51		—		—		51		7		—		—		7
Net of tax	(1,069)		—		(1,204)		(2,273)		(22)		—		2,735		2,713




Net current-year other comprehensive (loss) income	(1,069)		—		(1,204)		(2,273)		(22)		—		2,735		2,713
Balance, end of the period	$	(1,677)	$	3,761	$	(9)	$	2,075	$	(723)	$	2,850	$	(5,257)	$	(3,130)