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Accumulated Other Comprehensive Income ("AOCI") (Tables)
12 Months Ended
Dec. 31, 2023
Equity [Abstract]  
Summary of Total Changes in AOCI by Component, Net of Tax

The following tables set forth the total changes in AOCI by component, net of tax:

 

 

 

Year Ended December 31, 2023

 

 

Year Ended December 31, 2022

 

 

 

 

 

 

Cumulative

 

 

 

 

 

 

 

 

Cumulative

 

 

 

 

 

 

Unrecognized

 

 

Translation

 

 

 

 

 

Unrecognized

 

 

Translation

 

 

 

 

 

 

Benefit Cost

 

 

Adjustment

 

 

Total

 

 

Benefit Cost

 

 

Adjustment

 

 

Total

 

Balance at January 1

 

$

(4,492

)

 

$

(65,495

)

 

$

(69,987

)

 

$

(5,496

)

 

$

(56,223

)

 

$

(61,719

)

Other comprehensive income before reclassifications:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gain on foreign currency translation adjustment

 

 

 

 

 

9,667

 

 

 

9,667

 

 

 

 

 

 

(9,272

)

 

 

(9,272

)

(Loss) gain on pension asset

 

 

(339

)

 

 

 

 

 

(339

)

 

 

664

 

 

 

 

 

 

664

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amounts reclassified from AOCI:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of defined benefit pension actuarial
   loss (a)

 

 

353

 

 

 

 

 

 

353

 

 

 

340

 

 

 

 

 

 

340

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net current period other comprehensive income (loss)

 

 

14

 

 

 

9,667

 

 

 

9,681

 

 

 

1,004

 

 

 

(9,272

)

 

 

(8,268

)

Balance at December 31

 

$

(4,478

)

 

$

(55,828

)

 

$

(60,306

)

 

$

(4,492

)

 

$

(65,495

)

 

$

(69,987

)

 

(a)
This AOCI component is included in the computation of net periodic pension income (costs) as noted in Note 5 – Pension Plans.