| Equity |
13. EQUITY Accumulated Other Comprehensive Income The following tables present the changes in accumulated other comprehensive income, net of tax, by component:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, 2026 |
|
(In thousands) |
|
Unrealized
(Losses) Gains
on
Available-
for-Sale
Securities |
|
|
Defined
Benefit Plan
Adjustments |
|
|
Foreign
Currency Translation
Adjustments |
|
|
ASU 2018-02 Adoption |
|
|
Total |
|
Balance as of March 31, 2026 |
|
$ |
(382 |
) |
|
$ |
3,017 |
|
|
$ |
67,026 |
|
|
$ |
385 |
|
|
$ |
70,046 |
|
Other comprehensive loss before
reclassifications |
|
|
(13 |
) |
|
|
— |
|
|
|
(5,803 |
) |
|
|
— |
|
|
|
(5,816 |
) |
Amounts reclassified from accumulated other
comprehensive income (loss) |
|
|
13 |
|
|
|
(49 |
) |
|
|
— |
|
|
|
— |
|
|
|
(36 |
) |
Net current period other comprehensive loss |
|
|
— |
|
|
|
(49 |
) |
|
|
(5,803 |
) |
|
|
— |
|
|
|
(5,852 |
) |
Balance as of June 30, 2026 |
|
$ |
(382 |
) |
|
$ |
2,968 |
|
|
$ |
61,223 |
|
|
$ |
385 |
|
|
$ |
64,194 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, 2025 |
|
(In thousands) |
|
Unrealized
(Losses)
Gains
on
Available-
for-Sale
Securities |
|
|
Defined
Benefit Plan
Adjustments |
|
|
Foreign
Currency Translation
Adjustments |
|
|
ASU 2018-02 Adoption |
|
|
Total |
|
Balance as of March 31, 2025 |
|
$ |
(382 |
) |
|
$ |
(896 |
) |
|
$ |
32,525 |
|
|
$ |
385 |
|
|
$ |
31,632 |
|
Other comprehensive (loss) income before
reclassifications |
|
|
(28 |
) |
|
|
— |
|
|
|
46,455 |
|
|
|
— |
|
|
|
46,427 |
|
Amounts reclassified from accumulated other
comprehensive income |
|
|
28 |
|
|
|
268 |
|
|
|
— |
|
|
|
— |
|
|
|
296 |
|
Net current period other comprehensive income |
|
|
— |
|
|
|
268 |
|
|
|
46,455 |
|
|
|
— |
|
|
|
46,723 |
|
Balance as of June 30, 2025 |
|
$ |
(382 |
) |
|
$ |
(628 |
) |
|
$ |
78,980 |
|
|
$ |
385 |
|
|
$ |
78,355 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, 2026 |
|
(In thousands) |
|
Unrealized
Gains
(Losses)
on
Available-
for-Sale
Securities |
|
|
Defined
Benefit Plan
Adjustments |
|
|
Foreign
Currency Translation
Adjustments |
|
|
ASU 2018-02 Adoption |
|
|
Total |
|
Balance as of December 31, 2025 |
|
$ |
(382 |
) |
|
$ |
3,083 |
|
|
$ |
75,791 |
|
|
$ |
385 |
|
|
$ |
78,877 |
|
Other comprehensive income (loss) before
reclassifications |
|
|
2 |
|
|
|
— |
|
|
|
(14,568 |
) |
|
|
— |
|
|
|
(14,566 |
) |
Amounts reclassified from accumulated other
comprehensive loss |
|
|
(2 |
) |
|
|
(115 |
) |
|
|
— |
|
|
|
— |
|
|
|
(117 |
) |
Net current period other comprehensive loss |
|
|
— |
|
|
|
(115 |
) |
|
|
(14,568 |
) |
|
|
— |
|
|
|
(14,683 |
) |
Balance as of June 30, 2026 |
|
$ |
(382 |
) |
|
$ |
2,968 |
|
|
$ |
61,223 |
|
|
$ |
385 |
|
|
$ |
64,194 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, 2025 |
|
(In thousands) |
|
Unrealized
Gains
(Losses)
on
Available-
for-Sale
Securities |
|
|
Defined
Benefit Plan
Adjustments |
|
|
Foreign
Currency Translation
Adjustments |
|
|
ASU 2018-02 Adoption |
|
|
Total |
|
Balance as of December 31, 2024 |
|
$ |
(382 |
) |
|
$ |
(1,027 |
) |
|
$ |
12,278 |
|
|
$ |
385 |
|
|
$ |
11,254 |
|
Other comprehensive income before reclassifications |
|
|
20 |
|
|
|
— |
|
|
|
66,702 |
|
|
|
— |
|
|
|
66,722 |
|
Amounts reclassified from accumulated other
comprehensive (loss) income |
|
|
(20 |
) |
|
|
399 |
|
|
|
— |
|
|
|
— |
|
|
|
379 |
|
Net current period other comprehensive income |
|
|
— |
|
|
|
399 |
|
|
|
66,702 |
|
|
|
— |
|
|
|
67,101 |
|
Balance as of June 30, 2025 |
|
$ |
(382 |
) |
|
$ |
(628 |
) |
|
$ |
78,980 |
|
|
$ |
385 |
|
|
$ |
78,355 |
|
The following tables present the details of reclassifications out of accumulated other comprehensive income:
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, 2026 |
(In thousands) |
|
Amount Reclassified from Accumulated
Other Comprehensive Loss |
|
|
Affected Line Item |
Unrealized gain on available-for-sale securities: |
|
|
|
|
|
Net realized gain on sales of securities |
|
$ |
18 |
|
|
Net investment gain |
Defined benefit plan adjustments – actuarial loss |
|
|
(71 |
) |
|
Other income (expense) |
Total reclassifications for the period, before tax |
|
|
(53 |
) |
|
|
Tax benefit |
|
|
17 |
|
|
|
Total reclassifications for the period, net of tax |
|
$ |
(36 |
) |
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, 2025 |
(In thousands) |
|
Amount Reclassified from Accumulated Other Comprehensive Income |
|
|
Affected Line Item |
Unrealized gain on available-for-sale securities: |
|
|
|
|
|
Net realized gain on sales of securities |
|
$ |
38 |
|
|
Net investment gain |
Defined benefit plan adjustments – actuarial gain |
|
|
388 |
|
|
Other income (expense) |
Total reclassifications for the period, before tax |
|
|
426 |
|
|
|
Tax expense |
|
|
(130 |
) |
|
|
Total reclassifications for the period, net of tax |
|
$ |
296 |
|
|
|
The following table presents the tax effects related to the change in each component of other comprehensive (loss) income:
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, 2026 |
(In thousands) |
|
Amount
Reclassified
from
Accumulated
Other
Comprehensive
Income |
|
|
Affected Line Item |
Unrealized loss on available-for-sale securities: |
|
|
|
|
|
Net realized loss on sales of securities |
|
$ |
(3 |
) |
|
Net investment gain |
Defined benefit plan adjustments – actuarial loss |
|
|
(167 |
) |
|
Other income (expense) |
Total reclassifications for the period, before tax |
|
|
(170 |
) |
|
|
Tax benefit |
|
|
53 |
|
|
|
Total reclassifications for the period, net of tax |
|
$ |
(117 |
) |
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, 2025 |
(In thousands) |
|
Amount
Reclassified
from
Accumulated
Other
Comprehensive
Income |
|
|
Affected Line Item |
Unrealized loss on available-for-sale securities: |
|
|
|
|
|
Net realized loss on sales of securities |
|
$ |
(27 |
) |
|
Net investment gain |
Defined benefit plan adjustments – actuarial loss |
|
|
578 |
|
|
Other income (expense) |
Total reclassifications for the period, before tax |
|
|
551 |
|
|
|
Tax expense |
|
|
(172 |
) |
|
|
Total reclassifications for the period, net of tax |
|
$ |
379 |
|
|
|
The following table presents the tax effects related to the change in each component of other comprehensive income (loss):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
|
Three Months Ended |
|
|
|
June 30, 2026 |
|
|
June 30, 2025 |
|
(In thousands) |
|
Before-Tax
Amount |
|
|
Tax
(Expense)
Benefit |
|
|
Net-of-Tax
Amount |
|
|
Before-Tax
Amount |
|
|
Tax
(Expense)
Benefit |
|
|
Net-of-Tax
Amount |
|
Unrealized loss on available-for-sale securities |
|
$ |
(18 |
) |
|
$ |
5 |
|
|
|
(13 |
) |
|
$ |
(38 |
) |
|
$ |
10 |
|
|
|
(28 |
) |
Reclassification adjustment for amounts related to available-for-sale investments included in net gain |
|
|
18 |
|
|
|
(5 |
) |
|
|
13 |
|
|
|
38 |
|
|
|
(10 |
) |
|
|
28 |
|
Reclassification adjustment for amounts related to defined benefit plan adjustments included in net (loss) gain |
|
|
(71 |
) |
|
|
22 |
|
|
|
(49 |
) |
|
|
388 |
|
|
|
(120 |
) |
|
|
268 |
|
Foreign currency translation adjustments |
|
|
(5,803 |
) |
|
|
— |
|
|
|
(5,803 |
) |
|
|
46,455 |
|
|
|
— |
|
|
|
46,455 |
|
Total Other Comprehensive (Loss) Income |
|
$ |
(5,874 |
) |
|
$ |
22 |
|
|
$ |
(5,852 |
) |
|
$ |
46,843 |
|
|
$ |
(120 |
) |
|
$ |
46,723 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended |
|
|
Six Months Ended |
|
|
|
June 30, 2026 |
|
|
June 30, 2025 |
|
(In thousands) |
|
Before-Tax
Amount |
|
|
Tax
(Expense)
Benefit |
|
|
Net-of-Tax
Amount |
|
|
Before-Tax
Amount |
|
|
Tax
(Expense)
Benefit |
|
|
Net-of-Tax
Amount |
|
Unrealized gain on available-for-sale securities |
|
$ |
3 |
|
|
$ |
(1 |
) |
|
$ |
2 |
|
|
$ |
27 |
|
|
$ |
(7 |
) |
|
$ |
20 |
|
Reclassification adjustment for amounts related to available-for-sale investments included in net loss |
|
|
(3 |
) |
|
|
1 |
|
|
|
(2 |
) |
|
|
(27 |
) |
|
|
7 |
|
|
|
(20 |
) |
Reclassification adjustment for amounts related to defined benefit plan adjustments included in net (loss) gain |
|
|
(167 |
) |
|
|
52 |
|
|
|
(115 |
) |
|
|
578 |
|
|
|
(179 |
) |
|
|
399 |
|
Foreign currency translation adjustments |
|
|
(14,568 |
) |
|
|
— |
|
|
|
(14,568 |
) |
|
|
66,702 |
|
|
|
— |
|
|
|
66,702 |
|
Total Other Comprehensive (Loss) Income |
|
$ |
(14,735 |
) |
|
$ |
52 |
|
|
$ |
(14,683 |
) |
|
$ |
67,280 |
|
|
$ |
(179 |
) |
|
$ |
67,101 |
|
|