Annual report [Section 13 and 15(d), not S-K Item 405]

ACCUMULATED OTHER COMPREHENSIVE LOSS

v3.25.0.1
ACCUMULATED OTHER COMPREHENSIVE LOSS
12 Months Ended
Dec. 31, 2024
ACCUMULATED OTHER COMPREHENSIVE LOSS  
ACCUMULATED OTHER COMPREHENSIVE LOSS

NOTE 10. ACCUMULATED OTHER COMPREHENSIVE LOSS

Accumulated other comprehensive loss (“AOCI”) primarily consists of foreign currency translation adjustments and changes in our forward foreign exchange contracts. The components of AOCI, net of tax, were as follows:

Foreign Currency Translation Adjustments

    

Unrealized Gains (Losses) on Cash Flow Hedges

    

Total

Balance as of December 31, 2023

$

(15,223)

$

(191)

$

(15,414)

Other comprehensive (loss) income before reclassifications

(9,635)

949

(8,686)

Amounts reclassified from other comprehensive (loss) income

-

(432)

(432)

Net current period other comprehensive loss

(9,635)

517

(9,118)

Balance as of December 31, 2024

$

(24,858)

$

326

$

(24,532)

Foreign Currency Translation Adjustments

    

Unrealized Gains (Losses) on Cash Flow Hedges

    

Total

Balance as of December 31, 2022

$

(17,628)

$

(57)

$

(17,685)

Other comprehensive income before reclassifications

2,405

169

2,574

Amounts reclassified from other comprehensive income

-

(303)

(303)

Net current period other comprehensive income (loss)

2,405

(134)

2,271

Balance as of December 31, 2023

$

(15,223)

$

(191)

$

(15,414)

The effects on net loss of amounts reclassified from unrealized gains (losses) on cash flow hedges for foreign exchange contracts and foreign currency translation adjustments for the years ended December 31, 2024 and 2023 were as follows:

Gains reclassified from AOCI to the Consolidated Statements of Comprehensive Loss

Affected line item in the Consolidated

Twelve Months Ended

Statements of Comprehensive Loss

December 31, 2024

    

December 31, 2023

Foreign exchange contracts:

Sales

$

573

$

393

Less: Income tax expense

141

90

Amount reclassified, net of tax

$

432

$

303

Total reclassifications from AOCI

$

432

$

303

The Company’s policy is to classify reclassifications of cumulative foreign currency translation associated with continuing operations from AOCI to Other, net.