| Shareholders’ Equity |
Note 6. Shareholders’ Equity The tables below present the condensed consolidated statements of shareholders’ equity as of and for the three months ended March 31, 2026 and 2025 (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Ordinary Shares | | Ordinary Shares - Amount | | Additional Paid-In Capital | | Accumulated Other Comprehensive Income (Loss) | | Accumulated Deficit | | Treasury Shares | | Total Shareholders’ Equity | | December 31, 2025 | | 55,535 | | | $ | 84,564 | | | $ | 2,254,980 | | | $ | 7,330 | | | $ | (1,145,721) | | | $ | (1,166) | | | $ | 1,199,987 | | | Share-based compensation plans | | 3 | | | — | | | (224) | | | — | | | — | | | — | | | (224) | | | Net income | | — | | | — | | | — | | | — | | | 22,294 | | | — | | | 22,294 | | | Other comprehensive loss | | — | | | — | | | — | | | (10,731) | | | — | | | — | | | (10,731) | | | March 31, 2026 | | 55,538 | | | $ | 84,564 | | | $ | 2,254,756 | | | $ | (3,401) | | | $ | (1,123,427) | | | $ | (1,166) | | | $ | 1,211,326 | | | | | | | | | | | | | | | | | | December 31, 2024 | | 54,438 | | | $ | 83,156 | | | $ | 2,220,658 | | | $ | (80,170) | | | $ | (903,250) | | | $ | (136) | | | $ | 1,320,258 | | | Share-based compensation plans | | 1,003 | | | 1,290 | | | 3,920 | | | — | | | — | | | (1,290) | | | 3,920 | | | Net loss | | — | | | — | | | — | | | — | | | (327,322) | | | — | | | (327,322) | | | Other comprehensive income | | — | | | — | | | — | | | 37,442 | | | — | | | — | | | 37,442 | | | March 31, 2025 | | 55,441 | | | $ | 84,446 | | | $ | 2,224,578 | | | $ | (42,728) | | | $ | (1,230,572) | | | $ | (1,426) | | | $ | 1,034,298 | |
The tables below present the changes in AOCI, net of tax, for the three months ended March 31, 2026 and 2025 (in thousands): | | | | | | | | | | | | | | | | | Foreign Currency Translation Adjustments (1) | | | | December 31, 2025 | | | | $ | 7,330 | | | | | | | | | | | | | | | | | | | Other comprehensive loss before reclassifications, net of tax | | | | (10,731) | | | | | | | | | | | | | | | | | | | Reclassification of amounts from AOCI, net of tax | | | | — | | | | | Net current-period other comprehensive loss, net of tax | | | | (10,731) | | | | | March 31, 2026 | | | | $ | (3,401) | | | |
(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, 2024 | | | | $ | (80,170) | | | | | | | | | | | | | | | | | | | Other comprehensive income before reclassifications, net of tax | | | | 37,442 | | | | | | | | | | | | | | | | | | | Reclassification of amounts from AOCI, net of tax | | | | — | | | | | Net current-period other comprehensive income, net of tax | | | | 37,442 | | | | | March 31, 2025 | | | | $ | (42,728) | | | |
(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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