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Other Comprehensive Income (Tables)
9 Months Ended
Sep. 30, 2024
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, Tax [Abstract]  
Changes in Other Comprehensive Income (Loss)

The Company’s changes in other comprehensive income (loss) were as follows (in thousands):

 

 

Three Months Ended September 30,

 

 

 

2024

 

 

2023

 

 

 

Gross
Amount

 

 

Income Tax Benefit

 

 

Net Amount

 

 

Gross
Amount

 

 

Income Tax Benefit

 

 

Net
Amount

 

Pension and postretirement benefits (a):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of net actuarial gain

 

$

(646

)

 

$

162

 

 

$

(484

)

 

$

(80

)

 

$

18

 

 

$

(62

)

Actuarial gains

 

 

 

 

 

 

 

 

 

 

 

1

 

 

 

 

 

 

1

 

Foreign currency translation

 

 

(22

)

 

 

 

 

 

(22

)

 

 

143

 

 

 

 

 

 

143

 

Total

 

$

(668

)

 

$

162

 

 

$

(506

)

 

$

64

 

 

$

18

 

 

$

82

 

 

 

 

Nine Months Ended September 30,

 

 

 

2024

 

 

2023

 

 

 

Gross
Amount

 

 

Income Tax (Provision) Benefit

 

 

Net Amount

 

 

Gross
Amount

 

 

Income Tax (Provision) Benefit

 

 

Net
Amount

 

Pension and postretirement benefits (a):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of net actuarial gain

 

$

(1,934

)

 

$

491

 

 

$

(1,443

)

 

$

(240

)

 

$

58

 

 

$

(182

)

Actuarial gains

 

 

2,069

 

 

 

(519

)

 

 

1,550

 

 

 

1,778

 

 

 

(444

)

 

 

1,334

 

Foreign currency translation

 

 

(495

)

 

 

 

 

 

(495

)

 

 

1,073

 

 

 

 

 

 

1,073

 

Total

 

$

(360

)

 

$

(28

)

 

$

(388

)

 

$

2,611

 

 

$

(386

)

 

$

2,225

 

(a) Actuarial gains are amortized into other income (expense). (See Note 11, Retirement Plans)