The components of accumulated other comprehensive loss are as follows (net of tax, in thousands):


	Marketable			Translation
	Investments			Adjustment			Total AOCL
Balance at March 31, 2026	$	—		$	(2,573	)	$	(2,573	)
Foreign currency translation (1)		—			(424	)		(424	)
Unrealized loss, net of tax of $9		(27	)		—			(27	)
Balance at June 30, 2026	$	(27	)	$	(2,997	)	$	(3,024	)


	Marketable		Translation
	Investments		Adjustment			Total AOCL
Balance at March 31, 2025	$	33	$	(5,317	)	$	(5,284	)
Foreign currency translation (1)		—		4,980			4,980
Unrealized gain, net of tax of $(1)		4		—			4
Balance at June 30, 2025	$	37	$	(337	)	$	(300	)


	Marketable			Translation
	Investments			Adjustment			Total AOCL
Balance at December 31, 2025	$	60		$	(1,153	)	$	(1,093	)
Foreign currency translation (1)		—			(1,844	)		(1,844	)
Unrealized loss, net of tax of $29		(87	)		—			(87	)
Balance at June 30, 2026	$	(27	)	$	(2,997	)	$	(3,024	)


	Marketable		Translation
	Investments		Adjustment			Total AOCL
Balance at December 31, 2024	$	29	$	(7,775	)	$	(7,746	)
Foreign currency translation (1)		—		7,438			7,438
Unrealized gain, net of tax of $(2)		8		—			8
Balance at June 30, 2025	$	37	$	(337	)	$	(300	)

(1)

The Company does not record tax provisions or benefits for the net changes in foreign currency translation adjustments as it intends to permanently reinvest undistributed earnings of its foreign subsidiaries.