Other Comprehensive Earnings

9 Months Ended

Sep. 30, 2023

Equity [Abstract]

Other Comprehensive Earnings

15. Other Comprehensive Earnings

Amounts reclassified from accumulated other comprehensive loss to earnings during the three and nine months ended September 30, 2023 and 2022 were as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Foreign currency translation:
Reclassification of foreign currency translation losses to earnings for the substantial liquidation of businesses	$	—	$	—	$	—	$	5,915
Tax benefit	—		—		—		—
Net of tax	$	—	$	—	$	—	$	5,915
Pension plans:
Amortization of actuarial (gain) loss	$	(632)	$	474	$	(1,912)	$	1,494
Amortization of prior service costs	279		271		851		813
Total before tax	(353)		745		(1,061)		2,307
Tax provision (benefit)	82		(195)		247		(605)
Net of tax	$	(271)	$	550	$	(814)	$	1,702
Cash flow hedges:
Net loss (gain) reclassified into earnings	$	450	$	(1,661)	$	2,568	$	(5,035)
Tax (benefit) provision	(81)		371		(501)		1,124
Net of tax	$	369	$	(1,290)	$	2,067	$	(3,911)

Foreign currency translation losses were recognized in selling, general and administrative expenses within the condensed consolidated statement of earnings as a result of the substantial liquidation of certain businesses.

The Company recognizes the amortization of net actuarial gains and losses and prior service costs in other income, net within the condensed consolidated statements of earnings.

Cash flow hedges consist mainly of foreign currency forward contracts. The Company recognizes the realized gains and losses on its cash flow hedges in the same line item as the hedged transaction, such as revenue, cost of goods and services, or selling, general and administrative expenses.