Accumulated Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Mar. 31, 2023

Equity [Abstract]

Summary of Accumulated Other Comprehensive (Loss)

Following is a summary of AOCI(L) for the first quarter of 2023 and the first quarter of 2022:

(in thousands)	December 31, 2022		Pre-tax Activity		Tax Effect		March 31, 2023
Net pension activity:
Actuarial loss	$	(71,140)	$	973	$	(238)	$	(70,405)
Prior service costs	(105)		4		(1)		(102)
Net postretirement benefits activity:
Actuarial gain	6,752		—		—		6,752
Prior service costs	(624)		—		—		(624)
Reclassification of stranded tax effects	(19,720)		—		—		(19,720)
Total AOCI(L)	$	(84,837)	$	977	$	(239)	$	(84,099)

(in thousands)	December 31, 2021		Pre-tax Activity		Tax Effect		April 1, 2022
Net pension activity:
Actuarial loss	$	(78,882)	$	989	$	(243)	$	(78,136)
Prior service credits	11		—		—		11
Net postretirement benefits activity:
Actuarial loss	(1,239)		92		(23)		(1,170)
Prior service costs	(624)		—		—		(624)
Foreign currency translation adjustment	(9)		—		—		(9)
Reclassification of stranded tax effects	(19,720)		—		—		(19,720)
Total AOCI(L)	$	(100,463)	$	1,081	$	(266)	$	(99,648)

Summary of Impact of Accumulated Other Comprehensive Income (Loss) on Statement of Operations

Following is a summary of the impact of AOCI(L) on the condensed consolidated statements of operations:

	First Quarter 2023
(in thousands)	Net Pension Activity		Net Postretirement Benefits Activity		Total
Cost of sales	$	419	$	—	$	419
Selling, delivery and administrative expenses	558		—		558
Subtotal pre-tax	977		—		977
Income tax expense	239		—		239
Total after-tax effect	$	738	$	—	$	738

	First Quarter 2022
(in thousands)	Net Pension Activity		Net Postretirement Benefits Activity		Total
Cost of sales	$	278	$	41	$	319
Selling, delivery and administrative expenses	711		51		762
Subtotal pre-tax	989		92		1,081
Income tax expense	243		23		266
Total after-tax effect	$	746	$	69	$	815