Other Comprehensive Earnings

6 Months Ended

Jun. 30, 2024

Equity [Abstract]

Other Comprehensive Earnings

15. Other Comprehensive Earnings

Amounts reclassified from accumulated other comprehensive earnings (loss) to earnings during the three and six months ended June 30, 2024 and 2023 were as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Foreign currency translation:
Reclassification of foreign currency translation losses to earnings	$	—	$	—	$	13,931	$	—
Tax benefit	—		—		—		—
Net of tax	$	—	$	—	$	13,931	$	—
Pension plans:
Amortization of actuarial gain	$	(476)	$	(639)	$	(950)	$	(1,280)
Amortization of prior service (credits) costs	(184)		283		(375)		572
Total before tax	(660)		(356)		(1,325)		(708)
Tax provision	138		83		277		165
Net of tax	$	(522)	$	(273)	$	(1,048)	$	(543)
Cash flow hedges:
Net (gain) loss reclassified into earnings	$	(285)	$	1,045	$	(878)	$	2,118
Tax provision (benefit)	54		(193)		174		(420)
Net of tax	$	(231)	$	852	$	(704)	$	1,698

The Company recognizes the amortization of net actuarial gains and losses and prior service costs and credits 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.