| ACCUMULATED OTHER COMPREHENSIVE LOSS |
NOTE 15: ACCUMULATED OTHER COMPREHENSIVE LOSS
The following table summarizes the changes in accumulated balances of other comprehensive gain (loss), net of taxes:
| |
|
Three Months Ended March 31,
|
|
| |
|
2024
|
|
|
2023
|
|
|
Unrealized gains (losses) on available-for-sale marketable securities
|
|
|
|
|
|
|
|
Beginning balance
|
|
$
|
(4,960
|
)
|
|
$
|
(25,449
|
)
|
|
Revaluation
|
|
|
1,860
|
|
|
|
7,570
|
|
|
Tax on revaluation
|
|
|
(369
|
)
|
|
|
(1,471
|
)
|
|
Other comprehensive income before reclassifications
|
|
|
1,491
|
|
|
|
6,099
|
|
|
Reclassification
|
|
|
-
|
|
|
|
107
|
|
|
Tax on reclassification
|
|
|
-
|
|
|
|
(29
|
)
|
|
Losses reclassified from accumulated other comprehensive income
|
|
|
-
|
|
|
|
78
|
|
|
Net current period other comprehensive income
|
|
|
1,491
|
|
|
|
6,177
|
|
|
Ending balance
|
|
$
|
(3,469
|
)
|
|
$
|
(19,272
|
)
|
|
Unrealized gains (losses) on cash flow hedges
|
|
|
|
|
|
|
|
|
|
Beginning balance
|
|
$
|
3,940
|
|
|
$
|
(1,761
|
)
|
|
Revaluation
|
|
|
(1,748
|
)
|
|
|
(2,196
|
)
|
|
Tax on revaluation
|
|
|
210
|
|
|
|
139
|
|
|
Other comprehensive loss before reclassifications
|
|
|
(1,538
|
)
|
|
|
(2,057
|
)
|
|
Reclassification
|
|
|
(939
|
)
|
|
|
1,840
|
|
|
Tax on reclassification
|
|
|
112
|
|
|
|
(114
|
)
|
|
Losses (gains) reclassified from accumulated other comprehensive income (loss)
|
|
|
(827
|
)
|
|
|
1,726
|
|
|
Net current period other comprehensive loss
|
|
|
(2,365
|
)
|
|
|
(331
|
)
|
|
Ending balance
|
|
$
|
1,575
|
|
|
$
|
(2,092
|
)
|
|
Foreign currency translation adjustments on intra-entity transactions that are of a long-term investment in nature
|
|
|
|
|
|
|
|
|
|
Beginning balance
|
|
$
|
(43,335
|
)
|
|
$
|
(37,960
|
)
|
|
Revaluation
|
|
|
(13,382
|
)
|
|
|
(10,800
|
)
|
|
Ending balance
|
|
$
|
(56,717
|
)
|
|
$
|
(48,760
|
)
|
|
Unrealized gains (losses) on foreign currency translation
|
|
|
|
|
|
|
|
|
|
Beginning balance
|
|
$
|
(2,530
|
)
|
|
$
|
(7,939
|
)
|
|
Revaluation
|
|
|
(5,470
|
)
|
|
|
859
|
|
|
Ending balance
|
|
$
|
(8,000
|
)
|
|
$
|
(7,080
|
)
|
|
Total
|
|
$
|
(66,611
|
)
|
|
$
|
(77,204
|
)
|
The following table summarizes the reclassifications from "Accumulated other comprehensive loss" into the statement of income (loss):
|
Details about Accumulated Other
Comprehensive Loss Components
|
|
Three Months Ended
March 31,
|
|
Affected Line Item in the
Statement of Income
|
| |
|
2024
|
|
|
2023
|
|
|
|
Available-for-sale marketable securities
|
|
|
|
|
|
|
|
| |
|
$
|
-
|
|
|
$
|
(107
|
)
|
Financial income (expense), net
|
| |
|
|
-
|
|
|
|
29
|
|
Tax benefits (income taxes)
|
| |
|
$
|
-
|
|
|
$
|
(78
|
)
|
Total, net of tax benefits (income taxes)
|
|
Cash flow hedges
|
|
|
|
|
|
|
|
|
|
| |
|
|
105
|
|
|
|
(212
|
)
|
Cost of revenues
|
| |
|
|
565
|
|
|
|
(1,129
|
)
|
Research and development
|
| |
|
|
122
|
|
|
|
(225
|
)
|
Sales and marketing
|
| |
|
|
147
|
|
|
|
(274
|
)
|
General and administrative
|
| |
|
$
|
939
|
|
|
$
|
(1,840
|
)
|
Total, before income taxes
|
| |
|
|
(112
|
)
|
|
|
114
|
|
Tax benefits (income taxes)
|
| |
|
|
827
|
|
|
|
(1,726
|
)
|
Total, net of tax benefits (income taxes)
|
|
Total reclassifications for the period
|
|
$
|
827
|
|
|
$
|
(1,804
|
)
|
|
|