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, 2026 and 2025:


	Unrealized Gains and Losses on Available-for-Sale Securities¹
	Six Months Ended June 30,
	2026		2025
	(in thousands)
Accumulated other comprehensive loss — beginning balance	$	(448)	$	(2,317)
Other comprehensive (loss) income before reclassifications	(547)		872
Income reclassified from other comprehensive income²	57		3
Net current period other comprehensive (loss) income³	(490)		875
Accumulated other comprehensive loss — ending balance	$	(938)	$	(1,442)

2.Realized gains and losses were recorded pre-tax under “Investment and other income, net” in the Consolidated Statements of Comprehensive Income/(Loss). For each of the six months ended June 30, 2026 and 2025, the Company recorded realized losses of less than $0.1 million from the sale of available-for-sale securities. Refer to Note 10—Fair Value Measurements herein for further information.

3.For the six months ended June 30, 2026 and 2025, the changes in accumulated other comprehensive loss were net of a tax benefit of $0.1 million and a tax expense of $0.2 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, 2026 and 2025:


	Amounts Reclassified from Accumulated Other Comprehensive Loss
	2026		2025
	(in thousands)
Three Months Ended June 30,
Losses from the sale of available-for-sale securities	$	(32)	$	(1)
Tax benefit	7		—
Net losses reclassified from accumulated other comprehensive loss	$	(25)	$	(1)
Six Months Ended June 30,
Losses from the sale of available-for-sale securities	$	(72)	$	(3)
Tax benefit	15		—
Net losses reclassified from accumulated other comprehensive loss	$	(57)	$	(3)