Changes in Accumulated Other Comprehensive Loss by Component (Tables)

9 Months Ended

Sep. 30, 2026

Schedule of Accumulated Other Comprehensive Loss

The following table provides a summary of the changes in accumulated other comprehensive loss for the nine months ended September 30, 2026 and 2025:


	Unrealized Gains and Losses on Available-for-Sale Securities¹
	Nine Months Ended September 30,
	2026		2025
	(in thousands)
Accumulated other comprehensive loss — beginning balance	$	(448)	$	(2,317)
Other comprehensive (loss) income before reclassifications	(3,030)		1,598
Income (loss) reclassified from other comprehensive income²	118		(10)
Net current period other comprehensive (loss) income³	(2,912)		1,588
Accumulated other comprehensive loss — ending balance	$	(3,360)	$	(729)

1.All amounts are net of tax.

2.Realized gains and losses were recorded pre-tax under “Investment and other income, net” in the Consolidated Statements of Comprehensive Income. For each of the nine months ended September 30, 2026 and 2025, the Company recorded realized losses of $0.1 million and gain of $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 nine months ended September 30, 2026 and 2025, the changes in accumulated other comprehensive loss were net of a tax benefit of $0.8 million and a tax expense of $0.2 million, respectively.

Schedule of Reclassification out of Accumulated Other Comprehensive Loss

The following table provides a rollforward of amounts reclassified from accumulated other comprehensive loss to realized losses for the three and nine months ended September 30, 2026 and 2025:


	Amounts Reclassified from Accumulated Other Comprehensive Loss
	2026		2025
	(in thousands)
Three Months Ended September 30,
(Losses) gains from the sale of available-for-sale securities	$	(78)	$	14
Tax benefit (expense)	17		(3)
Net (loss) gain reclassified from accumulated other comprehensive loss	$	(61)	$	11
Nine Months Ended September 30,
(Losses) gains from the sale of available-for-sale securities	$	(150)	$	13
Tax benefit (expense)	32		(3)
Net (losses) gains reclassified from accumulated other comprehensive loss	$	(118)	$	10