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Accumulated Other Comprehensive Income ("AOCI") (Tables)
 6 Months Ended
Jun. 30, 2025
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
The table below presents changes in the components of AOCI for the period from December 31, 2024 to June 30, 2025:
(in thousands)
Translation
adjustments
Pension and
postretirement
liability
adjustments
Derivative
valuation
adjustment
Total Accumulated Other
Comprehensive
Income
December 31, 2024$(181,555)$(14,328)$(106)$(195,989)
Foreign currency translation and other adjustments
55,971 (2,699)(520)52,752 
Pension settlement/curtailment, net of tax
— (1,178)— (1,178)
Interest (expense)/income related to swaps reclassified to the Consolidated Statements of Income, net of tax— — (237)(237)
Pension and postretirement liability adjustments reclassified to Consolidated Statements of Income, net of tax
— 360 — 360 
Net current period other comprehensive income55,971 (3,517)(757)51,697 
June 30, 2025$(125,584)$(17,845)$(863)$(144,292)
The table below presents changes in the components of AOCI for the period from December 31, 2023 to June 30, 2024:
(in thousands)
Translation
adjustments
Pension and
postretirement
liability
adjustments
Derivative
valuation
adjustment
Total Accumulated Other
Comprehensive
Income
December 31, 2023$(124,901)$(17,346)$9,079 $(133,168)
Foreign currency translation and other adjustments
(29,403)435 1,231 (27,737)
Interest (expense)/income related to swaps reclassified to the Consolidated Statements of Income, net of tax— — (6,195)(6,195)
Pension and postretirement liability adjustments reclassified to Consolidated Statements of Income, net of tax— 193 — 193 
Net current period other comprehensive income(29,403)628 (4,964)(33,739)
June 30, 2024$(154,304)$(16,718)$4,115 $(166,907)
Schedule of Reclassification Out of Accumulated Other Comprehensive Income
The table below presents the expense/(income) amounts reclassified from AOCI, and the line items of the Consolidated Statements of Income that were affected for the three and six months ended June 30, 2025 and 2024:
Three months ended June 30,Six months ended June 30,
(in thousands)
2025202420252024
Pre-tax Derivative valuation reclassified from Accumulated Other Comprehensive Income:
Interest (income)/expense, net related to interest rate swaps included in Income before taxes
$(79)$(4,180)$(271)$(8,218)
Income tax effect20 1,001 34 2,023 
Effect on net income due to items reclassified from Accumulated Other Comprehensive Income
$(59)$(3,179)$(237)$(6,195)
Pre-tax pension and postretirement liabilities reclassified from Accumulated Other Comprehensive Income:
Pension settlement/curtailment
$(3,200)$— $(1,600)$0 
Amortization of prior service credit$(37)$(38)$(74)$(76)
Amortization of net actuarial loss
306 176 593 354 
Total pre-tax amount reclassified (a)
(2,931)138 (1,081)278 
Income tax effect763 (42)264 (85)
Effect on net income due to items reclassified from Accumulated Other Comprehensive Income$(2,168)$96 $(817)$193 

(a)These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note 4. Pensions and Other Postretirement Benefit Plans).