Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Dec. 31, 2023

Activity of Accumulated 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 Plans		Derivative Instruments		Accumulated 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:


2023	Before Tax Amount		Tax Expense		After 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

2022	Before Tax Amount		Tax Expense		After 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.