Accumulated Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jun. 30, 2022

Equity [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table summarizes the changes in accumulated other comprehensive income (loss) ("AOCI") attributable to the Company for the three and six months ended June 30, 2022 and 2021:

	Three months ended June 30,				Six months ended June 30,
(in thousands)	2022		2021		2022		2021
Currency Translation Adjustment
Beginning balance	$	5,729	$	6,963	$	5,631	$	5,739
Other comprehensive income (loss) before reclassifications	(5,679)		1,469		(5,581)		2,693
Tax effect	—		—		—		—
Other comprehensive income (loss), net of tax	(5,679)		1,469		(5,581)		2,693
Ending balance	$	50	$	8,432	$	50	$	8,432
Hedging Adjustment
Beginning balance	$	7,087	$	(8,365)	$	(5,335)	$	(18,106)
Other comprehensive income (loss) before reclassifications	7,910		(3,514)		22,833		4,613
Amounts reclassified from AOCI (a)	1,013		2,208		2,631		4,360
Tax effect	(2,226)		(552)		(6,345)		(1,090)
Other comprehensive income (loss), net of tax	6,697		(1,858)		19,119		7,883
Ending balance	$	13,784	$	(10,223)	$	13,784	$	(10,223)
Pension and Other Postretirement Adjustment
Beginning balance	$	481	$	(70)	$	640	$	33
Other comprehensive income (loss) before reclassifications	845		(63)		914		5
Amounts reclassified from AOCI (b)	(228)		(228)		(456)		(456)
Tax effect	(100)		57		(100)		114
Other comprehensive income (loss), net of tax	517		(234)		358		(337)
Ending balance	$	998	$	(304)	$	998	$	(304)
Investments in Convertible Preferred Securities Adjustment
Beginning balance	$	258	$	258	$	258	$	258
Other comprehensive income (loss), net of tax	—		—		—		—
Ending balance	$	258	$	258	$	258	$	258
Total AOCI Ending Balance	$	15,090	$	(1,837)	$	15,090	$	(1,837)

(a) Amounts reclassified from gain (loss) on cash flow hedges are reclassified from AOCI to income when the hedged item affects earnings and is recognized in Interest expense, net. See Note 5 for additional information.

(b) This accumulated other comprehensive loss component is included in the computation of net periodic benefit cost recorded in Operating, administrative and general expenses.