Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2024

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 income (loss)




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)
Net current period change	(7,435)		53		(6,262)		(13,644)

Amounts reclassified into earnings	—		384		201		585
Balance - December 31, 2024	$	(30,662)	$	(11,459)	$	(1,222)	$	(43,343)

The related tax effects allocated to each component of other comprehensive income (loss) for the years ended December 31, 2024 and 2023 are as follows:


2024	Before Tax Amount		Tax Expense		After Tax Amount
Net current period change
Cumulative translation adjustment	$	(7,435)	$	—	$	(7,435)
Net actuarial gain and prior service credit	(108)		161		53
Derivative instruments	(8,294)		2,032		(6,262)
Net unrealized gain (loss)	(15,837)		2,193		(13,644)
Amounts reclassified into earnings:
Actuarial loss and prior service cost	384		—		384
Derivative instruments activity	299		(98)		201
Net realized gain (loss)	683		(98)		585
Total other comprehensive income (loss)	$	(15,154)	$	2,095	$	(13,059)

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 activity	(10,085)		2,524		(7,561)
Net realized gain (loss)	(10,291)		2,524		(7,767)
Total other comprehensive income	$	647	$	619	$	1,266