Changes in Other Comprehensive Loss

6 Months Ended

Sep. 30, 2023

14. Changes in Accumulated Other Comprehensive Loss

Changes in AOCL by component for the three and six months ended September 30, 2023 are as follows (in thousands):


	Three months ended September 30, 2023
	Retirement Obligations		Foreign Currency		Change in Derivatives Qualifying as Hedges		Total
Beginning balance net of tax	$	(12,758)	$	(29,451)	$	7,650	$	(34,559)
Other comprehensive income (loss) before reclassification	(256)		(9,683)		4,837		(5,102)
Amounts reclassified from other comprehensive loss	48		—		(5,102)		(5,054)
Net current period other comprehensive income (loss)	(208)		(9,683)		(265)		(10,156)
Ending balance net of tax	$	(12,966)	$	(39,134)	$	7,385	$	(44,715)


	Six Months Ended September 30, 2023
	Retirement Obligations		Foreign Currency		Change in Derivatives Qualifying as Hedges		Total
Beginning balance net of tax	$	(12,800)	$	(32,352)	$	7,109	$	(38,043)
Other comprehensive income (loss) before reclassification	(260)		(6,782)		7,129		87
Amounts reclassified from other comprehensive loss	94		—		(6,853)		(6,759)
Net current period other comprehensive income (loss)	(166)		(6,782)		276		(6,672)
Ending balance net of tax	$	(12,966)	$	(39,134)	$	7,385	$	(44,715)

Details of amounts reclassified out of AOCL for the three months ended September 30, 2023 are as follows (in thousands):


Details of AOCL Components	Amount reclassified from AOCL		Affected line item on Condensed Consolidated Statement of Operations






Net amortization of prior service cost and pension settlement expense
	$	54
	54		Total before tax
	(6)		Tax (benefit) expense
	$	48	Net of tax

Change in derivatives qualifying as hedges
	$	45	Cost of products sold
	(3,468)		Interest expense
	(3,343)		Foreign currency
	(6,766)		Total before tax
	1,664		Tax (benefit) expense
	$	(5,102)	Net of tax

Details of amounts reclassified out of AOCL for the six months ended September 30, 2023 are as follows (in thousands):


Details of AOCL Components	Amount reclassified from AOCL		Affected line item on Condensed Consolidated Statement of Operations






Net amortization of prior service cost and pension settlement expense
	$	107
	107		Total before tax
	(13)		Tax (benefit) expense
	$	94	Net of tax

Change in derivatives qualifying as hedges
	$	70	Cost of products sold
	(6,443)		Interest expense
	(2,716)		Foreign currency
	(9,089)		Total before tax
	2,236		Tax (benefit) expense
	$	(6,853)	Net of tax

These AOCL components are included in the computation of net periodic pension cost. (See Note 10 for additional details.)