COMPREHENSIVE INCOME

12 Months Ended

Dec. 31, 2025

COMPREHENSIVE INCOME

COMPREHENSIVE INCOME

12. COMPREHENSIVE INCOME

The components of accumulated other comprehensive loss as recorded in the Consolidated Balance Sheets were as follows:

	December 31,		December 31,
	2025		2024
	(Dollars in thousands)
Foreign currency translation adjustments	$	(9,280)	$	(11,671)
Pension liability, net of tax		(4,574)		(6,263)
Total accumulated other comprehensive loss	$	(13,854)	$	(17,934)

The following table shows changes in accumulated other comprehensive loss, net of tax, during the years ended December 31, 2025 and 2024:

	Foreign Currency
	Translation		Defined Benefit
	Adjustments		Pension Items		Total
	(Dollars in thousands)
Balance, December 31, 2023	$	(7,954)	$	(9,357)	$	(17,311)
Other comprehensive (loss) income before reclassifications		(3,717)		2,786		(931)
Amounts reclassified from accumulated other comprehensive loss		—		308		308
Net current period other comprehensive (loss) income		(3,717)		3,094		(623)
Balance, December 31, 2024	$	(11,671)	$	(6,263)	$	(17,934)
Other comprehensive income before reclassifications		2,391		1,580		3,971
Amounts reclassified from accumulated other comprehensive loss		—		109		109
Net current period other comprehensive income		2,391		1,689		4,080
Balance, December 31, 2025	$	(9,280)	$	(4,574)	$	(13,854)

The following table shows reclassification adjustments out of accumulated other comprehensive loss during the years ended December 31, 2025 and 2024:

	Amounts reclassified from accumulated
	other comprehensive loss for the year						Affected line item in the
	ended December 31,						statement where net earnings
	2025			2024			is presented
	(Dollars in thousands)
Amortization of defined benefit pension items
Prior service cost	$	20	(1)	$	20	(1)	Other expense, net
Actuarial losses		128	(1)		396	(1)	Other expense, net
Total before tax		148			416
Tax benefit		(39)			(108)
Net of tax	$	109		$	308

(1) ^{These amounts were included in the computation of pension expense. See Note 11 for additional details.}​