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Accumulated Other Comprehensive Loss
3 Months Ended
Mar. 31, 2023
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Loss
7.
Accumulated Other Comprehensive Loss

The components that make up accumulated other comprehensive loss on the condensed consolidated balance sheets at March 31, 2023 and December 31, 2022 are as follows:

 

(amounts in thousands)

 

March 31, 2023

 

 

December 31, 2022

 

Foreign currency translation adjustment

 

$

(10,049

)

 

$

(10,993

)

Pension loss, net of tax of $739 in 2023 and $755 in 2022

 

 

(4,269

)

 

 

(4,313

)

Accumulated other comprehensive loss

 

$

(14,318

)

 

$

(15,306

)

 

During the 2023 and 2022 first quarters, actuarial losses were amortized to expense as follows:

 

 

For the Quarter Ended

 

(amounts in thousands)

 

March 31, 2023

 

 

April 1, 2022

 

Amortization of actuarial losses

 

$

106

 

 

$

130

 

Income tax

 

 

(24

)

 

 

(21

)

Net of tax

 

$

82

 

 

$

109

 

 

The amortization of both prior service cost and actuarial losses, with the exception of the actuarial gains related to the post retirement benefit plan, are included in determining net periodic pension cost. See Note 9, "Deferred Compensation and Other Benefits" for additional information.