Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2024

The after-tax changes in accumulated other comprehensive income (loss), are as follows:


	Foreign currency translation adjustment		Pension and post-retirement benefits plans		Derivative instruments		Accumulated other comprehensive income (loss)
Balance - December 31, 2023	$	(23,227)	$	(11,896)	$	4,839	$	(30,284)
Net current period change	(1,157)		(1,006)		(4,442)		(6,605)
Amounts reclassified into earnings	—		324		(1,159)		(835)

Balance - September 30, 2024	$	(24,384)	$	(12,578)	$	(762)	$	(37,724)


	Foreign currency translation adjustment		Pension and post-retirement benefit plans		Derivative instruments		Accumulated other comprehensive income (loss)
Balance - December 31, 2022	$	(24,811)	$	(11,512)	$	4,773	$	(31,550)
Net current period change	(1,946)		(1,221)		7,049		3,882
Amounts reclassified into earnings	—		315		(5,277)		(4,962)

Balance - September 30, 2023	$	(26,757)	$	(12,418)	$	6,545	$	(32,630)

The related tax effects allocated to each component of other comprehensive income (loss) are as follows:



	Three Months Ended September 30, 2024						Nine Months Ended September 30, 2024
	Before Tax Amount		Tax Expense		After Tax Amount		Before Tax Amount		Tax Expense		After Tax Amount
Net current period change
Cumulative translation adjustment	$	2,699	$	—	$	2,699	$	(1,157)	$	—	$	(1,157)
Net actuarial gain (loss) and prior service credit	64		1		65		(1,009)		3		(1,006)
Derivative instruments	(5,807)		1,510		(4,297)		(5,939)		1,497		(4,442)
Net unrealized gain (loss)	$	(3,044)	$	1,511	$	(1,533)	$	(8,105)	$	1,500	$	(6,605)
Amounts reclassified into earnings:
Actuarial gain and prior service cost	$	111	$	—	$	111	$	324	$	—	$	324
Derivative instruments	867		(228)		639		(1,503)		344		(1,159)
Net realized gain (loss)	$	978	$	(228)	$	750	$	(1,179)	$	344	$	(835)
Total other comprehensive income (loss)	$	(2,066)	$	1,283	$	(783)	$	(9,284)	$	1,844	$	(7,440)


	Three Months Ended September 30, 2023						Nine Months Ended September 30, 2023
	Before Tax Amount		Tax Expense		After Tax Amount		Before Tax Amount		Tax Expense		After Tax Amount
Net current period change
Cumulative translation adjustment	$	(3,452)	$	—	$	(3,452)	$	(1,946)	$	—	$	(1,946)
Net actuarial gain (loss) and prior service credit	(1,009)		1		(1,008)		(1,223)		2		(1,221)
Derivative instruments	1,895		(187)		1,708		9,233		(2,184)		7,049
Net unrealized gain (loss)	$	(2,566)	$	(186)	$	(2,752)	$	6,064	$	(2,182)	$	3,882
Amounts reclassified into earnings:
Actuarial gain and prior service cost	$	109	$	—	$	109	$	315	$	—	$	315
Derivative instruments	(3,381)		804		(2,577)		(7,033)		1,756		(5,277)
Net realized gain (loss)	$	(3,272)	$	804	$	(2,468)	(6,718)		1,756		(4,962)
Total other comprehensive income (loss)	$	(5,838)	$	618	$	(5,220)	$	(654)	$	(426)	$	(1,080)

As of September 30, 2024, the Company estimates that net pre-tax derivative loss of $2.9 million included in Accumulated other comprehensive income (loss) will be reclassified into earnings within the next 12 months.