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

ACCUMULATED OTHER COMPREHENSIVE LOSS

ACCUMULATED OTHER COMPREHENSIVE LOSS

12 Months Ended

Dec. 31, 2025

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, 2024	$	(24,858)		$	326		$	(24,532)
Other comprehensive income (loss) before reclassifications		8,172			(1,530)			6,642
Amounts reclassified from other comprehensive income (loss)		-			1,201			1,201
Net current period other comprehensive income		8,172			(329)			7,843
Balance as of December 31, 2025	$	(16,686)		$	(3)		$	(16,689)


	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)

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, 2025 and 2024 were as follows:


	Gains (losses) 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, 2025			December 31, 2024
Foreign exchange contracts:
Sales	$	(1,585)		$	573
Less: Income tax (benefit) expense		(384)			141
Amount reclassified, net of tax	$	(1,201)		$	432

Total reclassifications from AOCI	$	(1,201)		$	432

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