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ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)
12 Months Ended
Dec. 31, 2025
ACCUMULATED OTHER COMPREHENSIVE LOSS [Abstract]  
Components of Accumulated Other Comprehensive Loss

The components of accumulated other comprehensive income/(loss), net of related taxes, in the consolidated balance sheets follow:

(Dollars in thousands)

December 31, 2025

December 31, 2024

Unrealized gains on derivative instruments

$

2,093

$

5,176

Items not yet recognized as a component of net periodic benefit cost (pension plans)

(12,933)

(13,037)

$

(10,840)

$

(7,861)

The following tables present the changes in the balances of each component of accumulated other comprehensive income/(loss), net of related taxes, for the three years ended December 31, 2025.

(Dollars in thousands)

Unrealized gains/(losses) on cash flow hedges

Items not yet recognized as a component of net periodic benefit cost (pension plans)

Total

Balance at December 31, 2022

$

16,912

$

(9,948)

$

6,964

Current period change, excluding amounts reclassified from

accumulated other comprehensive income/(loss)

3,187

(1,043)

2,144

Amounts reclassified from accumulated other comprehensive income/(loss)

(10,750)

579

(10,171)

Balance at December 31, 2023

9,349

(10,412)

(1,063)

Current period change, excluding amounts reclassified from

accumulated other comprehensive income/(loss)

3,532

(2,625)

907

Amounts reclassified from accumulated other comprehensive income/(loss)

(7,705)

(7,705)

Balance at December 31, 2024

5,176

(13,037)

(7,861)

Current period change, excluding amounts reclassified from

accumulated other comprehensive income/(loss)

104

(931)

(827)

Amounts reclassified from accumulated other comprehensive income/(loss)

(3,187)

1,035

(2,152)

Balance at December 31, 2025

$

2,093

$

(12,933)

$

(10,840)

Reclassification Out of Accumulated Other Comprehensive Income (Loss)

The following table presents information with respect to amounts reclassified out of accumulated other comprehensive income/(loss) for the three years ended December 31, 2025.

(Dollars in thousands)

2025

2024

2023

Statement of Operations
Line Item

Reclassifications of (gains)/losses on cash flow hedges:

Interest rate swaps entered into by the Company's subsidiaries

$

(2,575)

$

(6,885)

$

(8,601)

Interest expense

Reclassifications of (gains)/losses on discontinued hedging instruments

Interest rate swap entered into by the Company's subsidiaries

(612)

(820)

(2,149)

Interest expense

Items not yet recognized as a component of net periodic benefit cost

(pension plans):

Net periodic benefit costs associated with pension and

postretirement benefit plans

1,035

579

Other expense

Total before and net of tax

$

(2,152)

$

(7,705)

$

(10,171)