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Other Comprehensive Income (Loss)
12 Months Ended
Dec. 31, 2023
Equity [Abstract]  
Other Comprehensive Income (Loss) Other Comprehensive Income (Loss)
The activity for each item of accumulated other comprehensive income (loss) is as follows:
Foreign
currency items
Pension and Other Post-Retirement Benefit PlansDerivative InstrumentsAccumulated other
comprehensive
loss
Balance - December 31, 2021$(20,445)$(22,750)$757 $(42,438)
Net current period change(4,366)11,207 7,172 14,013 
Amounts reclassified into earnings— 31 (3,156)(3,125)
Balance - December 31, 2022$(24,811)$(11,512)$4,773 $(31,550)
Net current period change$1,584 $(178)$7,627 $9,033 
Amounts reclassified into earnings— (206)(7,561)(7,767)
Balance - December 31, 2023$(23,227)$(11,896)$4,839 $(30,284)
The related tax effects allocated to each component of other comprehensive income (loss) for the years ended December 31, 2023 and 2022 are as follows:
2023Before Tax
Amount
Tax ExpenseAfter Tax Amount
Net current period change
Cumulative translation adjustment$1,584 $— $1,584 
Net actuarial gain and prior service credit
(438)260 (178)
Derivative instruments
9,792 (2,165)7,627 
Net unrealized gain (loss)
10,938 (1,905)9,033 
Amounts reclassified into earnings:
Actuarial loss and prior service cost
(206)— (206)
Derivative instruments
(10,085)2,524 (7,561)
Net realized loss
(10,291)2,524 (7,767)
Total other comprehensive income$647 $619 $1,266 
2022Before Tax
Amount
Tax ExpenseAfter Tax Amount
Net current period change
Cumulative translation adjustment$(4,366)$— $(4,366)
Net actuarial gain and prior service credit 1
10,936 271 11,207 
Derivative instruments
7,175 (3)7,172 
Net unrealized gain (loss)
13,745 268 14,013 
Amounts reclassified into earnings:
Actuarial loss and prior service cost
31 — 31 
Derivative instruments
(3,156)— (3,156)
Net realized loss
(3,125)— (3,125)
Total other comprehensive income$10,620 $268 $10,888 
1 Included in Net actuarial gain and prior service credit is $9.2 million US pension non-cash settlement charge as of December 31, 2022. The Company reclassified to earnings all residual tax amounts relating to its pension liability during the year ended December 31, 2022 as a result of plan termination.