Company: CALX
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001406666-25-000008
Chunk: 101

Company: CALIX, INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1B
Chunk 101
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  Accumulated Other Comprehensive Loss

The table below summarizes the changes in accumulated other comprehensive loss by component:Unrealized Gains and Losses on Available-for-Sale Marketable SecuritiesForeign Currency Translation AdjustmentsTotalBalance as of December 31, 2022$(1,700)$(773)$(2,473)Other comprehensive income1,701 113 1,814 Balance as of December 31, 20231 (660)(659)Other comprehensive income (loss)187 (140)47 Balance as of December 31, 2024$188 $(800)$(612)Assets and liabilities of the Company’s wholly owned foreign subsidiaries are translated from their respective functional currencies at exchange rates in effect at the balance sheet date, and revenue and expenses are translated at the monthly average exchanges rates. These translations result in differences called foreign currency translation adjustments. Realized foreign currency transaction gains or losses were not significant during the years ended December 31, 2024, 2023 or 2022 and were recorded in “Other expense, net” in the Company's Consolidated Statements of Comprehensive Income (Loss). Realized gains and losses on sales of available-for-sale marketable securities, if any, are reclassified from accumulated other comprehensive loss to “Other expense, net” in our Consolidated Statements of Comprehensive Income (Loss).

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9. Income Taxes 

The domestic and foreign components of income before incomes taxes were as follows (in thousands):Years Ended December 31,2024 2023 2022Domestic$(36,990)$30,983 $51,442 Foreign5,344 3,774 2,600 $(31,646)$34,757 $54,042 Income taxes consisted of the following (in thousands):Years Ended December 31,2024 2023 2022Current:Federal$3,181 $(2,407)$3,671 State2,110 6,493 6,555 Foreign2,779 2,006 874 Current income tax8,070 6,092 11,100 Deferred:Federal(8,120)2,050 6,336 State(926)(2,525)(4,372)Foreign(923)(185)(32)Deferred income tax(9,969)(660)1,932 $(1,899)$5,432 $13,032 The differences between the statutory and effective tax rates, expressed