Components of Accumulated Other Comprehensive Loss

6 Months Ended

Jun. 30, 2024

Equity [Abstract]

Components of Accumulated Other Comprehensive Loss

Components of Accumulated Other Comprehensive Loss

AOCI is included on the Condensed Consolidated Statements of Stockholders' Equity. The components of AOCI, net of the effect of income taxes, and activity for the six months ended June 30, 2023 and 2024 were as follows:

	Components of AOCI, Net of Tax
(In thousands)	Cumulative Foreign Exchange Translation Adjustments			Effective Portion of Derivatives Designated as Hedging Instruments			Cumulative Unrecognized Actuarial Losses on Pension Obligations			Unrealized Gain (Loss) on Marketable Securities		Total
Balance at December 31, 2022	$	(213,104)		$	157		$	(354,699)		$	10	$	(567,636)
OCI before reclassifications	23,035		(a)	1,554		(b)	(12,405)		(a)	6		12,190
Amounts reclassified from AOCI, net of tax	—			320			9,043			—		9,363
Total OCI	23,035			1,874			(3,362)			6		21,553
Less: OCI attributable to noncontrolling interests	1,477			—			—			—		1,477
OCI attributable to Enviri Corporation	24,512			1,874			(3,362)			6		23,030
Balance at June 30, 2023	$	(188,592)		$	2,031		$	(358,061)		$	16	$	(544,606)

	Components of AOCI, Net of Tax
(In thousands)	Cumulative Foreign Exchange Translation Adjustments			Effective Portion of Derivatives Designated as Hedging Instruments			Cumulative Unrecognized Actuarial Losses on Pension Obligations			Unrealized Gain (Loss) on Marketable Securities		Total
Balance at December 31, 2023	$	(183,499)		$	(470)		$	(355,740)		$	15	$	(539,694)
OCI before reclassifications	(27,340)		(a)	3,712		(b)	2,058		(a)	(3)		(21,573)
Amounts reclassified from AOCI, net of tax	—			(1,721)			9,395			—		7,674
Total OCI	(27,340)			1,991			11,453			(3)		(13,899)
Less: OCI attributable to noncontrolling interests	1,045			—			—			—		1,045
OCI attributable to Enviri Corporation	(26,295)			1,991			11,453			(3)		(12,854)
Balance at June 30, 2024	$	(209,794)		$	1,521		$	(344,287)		$	12	$	(552,548)

(a)    Principally foreign currency fluctuation.

(b)     Net change from periodic revaluations.

Amounts reclassified from AOCI were as follows:

(In thousands)	Three Months Ended				Six Months Ended				Location on the Condensed Consolidated Statements of Operations
	June 30				June 30
	2024		2023		2024		2023
Amortization of cash flow hedging instruments:
Foreign currency exchange forward contracts	$	(93)	$	866	$	(497)	$	1,277	Product revenues
Interest rate swaps	(871)		(617)		(1,753)		(865)		Interest expense
Total before taxes	(964)		249		(2,250)		412
Income taxes	245		(53)		529		(92)
Total reclassification of cash flow hedging instruments, net of tax	$	(719)	$	196	$	(1,721)	$	320
Amortization of defined benefit pension items (c):
Actuarial losses	$	4,839	$	4,729	$	9,685	$	9,399	Defined benefit pension income (expense)
Prior service costs	117		115		235		229		Defined benefit pension income (expense)
Total before taxes	4,956		4,844		9,920		9,628
Income taxes	(262)		(293)		(525)		(585)
Total reclassification of defined benefit pension items, net of tax	$	4,694	$	4,551	$	9,395	$	9,043

(c)    These AOCI components are included in the computation of net periodic pension costs. See Note 10, Employee Benefit Plans, for additional details.