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Comprehensive Income (Tables)
9 Months Ended
Sep. 30, 2024
Comprehensive Income  
Schedule of comprehensive income

Three Months Ended September 30, 

Nine Months Ended September 30, 

    

2024

    

2023

    

2024

    

2023

(Dollars in thousands)

Net earnings

$

8,063

$

9,337

$

20,320

$

21,646

Foreign currency translation adjustments

 

913

 

(773)

 

(118)

 

(817)

Pension liability adjustment, net of tax of $28, $32, $80, and $97, respectively

 

79

 

92

 

225

 

275

Total comprehensive income

$

9,055

$

8,656

$

20,427

$

21,104

Schedule of accumulated other comprehensive loss

    

September 30, 

    

December 31, 

2024

2023

(Dollars in thousands)

Foreign currency translation adjustments

$

(8,072)

$

(7,954)

Pension liability, net of tax

 

(9,132)

 

(9,357)

Total accumulated other comprehensive loss

$

(17,204)

$

(17,311)

Schedule of changes in accumulated other comprehensive loss

    

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 before reclassifications

(118)

(118)

Amounts reclassified from accumulated other comprehensive loss

225

225

Net current period other comprehensive (loss) income

(118)

225

107

Balance, September 30, 2024

$

(8,072)

$

(9,132)

$

(17,204)

    

Foreign Currency

    

    

Translation

Defined Benefit

    

 Adjustments

    

Pension Items

    

Total

(Dollars in thousands)

Balance, December 31, 2022

$

(8,596)

$

(11,597)

$

(20,193)

Other comprehensive loss before reclassifications

(817)

(817)

Amounts reclassified from accumulated other comprehensive loss

275

275

Net current period other comprehensive (loss) income

(817)

275

(542)

Balance, September 30, 2023

$

(9,413)

$

(11,322)

$

(20,735)

Schedule of reclassification adjustments out of accumulated other comprehensive loss

Amounts Reclassified from Accumulated Other Comprehensive Loss

Affected line item in the

Three Months Ended September 30, 

Nine Months Ended September 30, 

statement where net

2024

2023

    

2024

2023

    

earnings is presented

(Dollars in thousands)

Amortization of defined benefit pension items

  

 

  

 

Prior service cost

$

5

(1)

$

5

(1)

$

15

(1)

$

15

(1)

Other expense, net

Actuarial losses

102

(1)

 

119

(1)

290

(1)

 

357

(1)

Other expense, net

Total before tax

107

 

124

 

305

 

372

 

  

Tax benefit

(28)

 

(32)

 

(80)

 

(97)

 

  

Net of tax

$

79

$

92

 

$

225

$

275

 

  

(1)These amounts were included in the computation of pension expense. See Note 7 for additional details.