Comprehensive Income

3 Months Ended

Mar. 31, 2025

12. Comprehensive Income

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


	March 31,		December 31,
	2025		2024

	(Dollars in thousands)
Foreign currency translation adjustments	$	(11,479)	$	(11,671)
Pension liability, net of tax		(6,222)		(6,263)
Total accumulated other comprehensive loss	$	(17,701)	$	(17,934)

The following tables show changes in accumulated other comprehensive loss during the three months ended March 31, 2025 and 2024:


	Foreign Currency
	Translation		Defined Benefit
	Adjustments		Pension Items		Total

	(Dollars in thousands)
Balance, December 31, 2024	$	(11,671)	$	(6,263)	$	(17,934)
Other comprehensive income before reclassifications		192		—		192
Amounts reclassified from accumulated other comprehensive loss		—		41		41
Net current period other comprehensive income		192		41		233
Balance, March 31, 2025	$	(11,479)	$	(6,222)	$	(17,701)


	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		(1,092)		—		(1,092)
Amounts reclassified from accumulated other comprehensive loss		—		73		73
Net current period other comprehensive (loss) income		(1,092)		73		(1,019)
Balance, March 31, 2024	$	(9,046)	$	(9,284)	$	(18,330)

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



	Amounts Reclassified from Accumulated Other Comprehensive Loss						Affected line item in the
	Three Months Ended March 31,						statement where net
	2025			2024			earnings is presented

	(Dollars in thousands)
Amortization of defined benefit pension items
Prior service cost	$	5	⁽¹⁾	$	5	⁽¹⁾	Other expense, net
Actuarial losses		50	⁽¹⁾		94	⁽¹⁾	Other expense, net
Total before tax		55			99
Tax benefit		(14)			(26)
Net of tax	$	41		$	73

(1)

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