Reclassifications Out of Accumulated Other Comprehensive Loss (Tables)

9 Months Ended

Sep. 30, 2023

Equity [Abstract]

Reclassification Out of Accumulated Other Comprehensive Loss

Changes in accumulated other comprehensive loss were as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
(In thousands)	2023		2022		2023		2022
Pension and other post-retirement benefits (a)
Balance at beginning of period	$	(49,781)	$	(52,702)	$	(50,335)	$	(57,296)
Amounts reclassified from accumulated other comprehensive loss into net income (loss):
Amortization of prior service credit (Note 14)	(24)		(48)		(72)		(144)
Recognized net actuarial losses (Note 14)	185		3,328		555		9,984
Tax expense (benefit)	27		(981)		259		(2,947)
Total amount reclassified from accumulated other comprehensive loss, net of tax, into net income (loss)	188		2,299		742		6,893
Balance at end of period	$	(49,593)	$	(50,403)	$	(49,593)	$	(50,403)
Available-for-sale securities
Balance at beginning of period	$	—	$	(23)	$	(2)	$	(5)
Unrealized net gains (losses) on available-for-sale securities (Note 16)	—		13		2		(5)
Balance at end of period	$	—	$	(10)	$	—	$	(10)
Foreign currency translation
Balance at beginning of period	$	(92,147)	$	(117,553)	$	(108,380)	$	(91,839)
Reclassification from accumulated other comprehensive loss into net income (loss)(b)	101		2,912		101		2,912
Foreign currency translation adjustments	(18,771)		(32,361)		(2,538)		(58,075)
Balance at end of period	$	(110,817)	$	(147,002)	$	(110,817)	$	(147,002)
(a) Reclassifications out of accumulated other comprehensive loss and into net income (loss) are included in the computation of net periodic pension and other post-retirement benefit costs (refer to Note 14—Pensions and Other Post-retirement Benefits). (b) Reclassifications out of accumulated other comprehensive loss and into net income (loss) relate primarily to the approval of our plan to close a foreign subsidiary.