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Accumulated Other Comprehensive Income (Loss)
 6 Months Ended
Jun. 30, 2024
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive Income (Loss)
The Company reports activity in AOCI for foreign currency translation adjustments, including the translation adjustment for investments in partially owned entities, unrealized gains and losses on designated derivatives, and minimum pension liability adjustments (net of tax). The activity in AOCI for the three and six months ended June 30, 2024 and 2023 is as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Opening Balance$(4,534)$(17,737)$(16,640)$(6,050)
Pension and other postretirement benefits:
Balance at beginning of period, net of tax
$370 $3,325 $383 $2,627 
       (Loss) gain arising during the period
(91)(388)(104)310 
     Balance at end of period, net of tax
$279 $2,937 $279 $2,937 
Foreign currency translation adjustments:
Balance at beginning of period, net of tax
$(32,168)$(26,416)$(31,587)$(26,595)
       Cumulative translation adjustment262 14,427 27,115 25,228 
       Derivative net investment hedges (10,886)(8,284)(38,320)(18,906)
   Net (loss) gain on foreign currency translation(10,624)6,143 (11,205)6,322 
    Balance at end of period, net of tax
$(42,792)$(20,273)$(42,792)$(20,273)
Designated derivatives:
Balance at beginning of period, net of tax
$27,264 $5,354 $14,564 $17,918 
       Cash flow hedge derivatives2,575 26,020 23,613 17,456 
       Net amount reclassified from AOCI to net loss(1,639)(3,661)(9,977)(7,661)
    Net gain on designated derivatives936 22,359 13,636 9,795 
     Balance at end of period, net of tax
$28,200 $27,713 $28,200 $27,713 
Closing accumulated other comprehensive income (loss)
$(14,313)$10,377 $(14,313)$10,377