Quarterly report pursuant to Section 13 or 15(d)

Analysis of the Changes in Accumulated Other Comprehensive Income (Loss)

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Analysis of the Changes in Accumulated Other Comprehensive Income (Loss)
3 Months Ended
Mar. 31, 2022
Equity [Abstract]  
Analysis of the Changes in Accumulated Other Comprehensive Income (Loss) Analysis of the Changes in Accumulated Other Comprehensive Income (Loss)
Accumulated other comprehensive income (loss) in the Company’s consolidated balance sheets includes foreign currency translation items associated with the Company’s foreign operations, and unrealized gain or loss on the Company's marketable securities available for sale. Following is an analysis of the changes in accumulated other comprehensive loss, net of applicable taxes, at March 31, 2022 and 2021 (dollars in thousands):
 
March 31, 2021
Foreign currency translation adjustment Net unrealized loss on marketable securities Total accumulated other comprehensive loss
Balance, beginning of period $ (206) $ —  $ (206)
Other comprehensive income 39  —  39 
Balance, end of period $ (167) $ —  $ (167)
March 31, 2022
Foreign currency translation adjustment Net unrealized loss on marketable securities Total accumulated other comprehensive loss
Balance, beginning of period $ (300) $ (177) $ (477)
Other comprehensive loss (49) (888) (937)
Balance, end of period $ (349) $ (1,065) $ (1,414)

Components of other comprehensive income (loss) and related taxes for the three months ended March 31, 2022 and 2021 are as follows (dollars in thousands):

Three Months Ended March 31,
2022 2021
Before tax Tax effect Net of tax Before tax Tax effect Net of tax
Foreign currency translation adjustment $ (47) $ $ (49) $ 39  $ —  $ 39 
Net unrealized loss on marketable securities (851) 37  (888) —  —  — 
Total other comprehensive income (loss) $ (898) $ 39  $ (937) $ 39  $ —  $ 39 

The amount of net realized loss on sale of marketable securities that has been previously included as net unrealized loss in other comprehensive income (loss) and then reclassified out of other comprehensive income (loss) into earnings during the three months ended March 31, 2022 is immaterial. There was no reclassification during the three months ended March 31, 2021.