Accumulated Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jun. 30, 2023

Equity [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table summarizes the changes in accumulated other comprehensive income ("AOCI") attributable to the Company for the three and six months ended June 30, 2023 and 2022:

	Three months ended June 30,				Six months ended June 30,
(in thousands)	2023		2022		2023		2022
Currency Translation Adjustment
Beginning balance	$	(7,436)	$	5,729	$	(8,203)	$	5,631
Other comprehensive income (loss) before reclassifications	2,669		(5,679)		3,436		(5,581)
Tax effect	—		—		—		—
Other comprehensive income (loss), net of tax	2,669		(5,679)		3,436		(5,581)
Ending balance	$	(4,767)	$	50	$	(4,767)	$	50
Hedging Adjustment
Beginning balance	$	18,750	$	7,087	$	23,546	$	(5,335)
Other comprehensive income (loss) before reclassifications	11,511		7,910		7,209		22,833
Amounts reclassified from AOCI (a)	(2,514)		1,013		(4,619)		2,631
Tax effect	(2,262)		(2,226)		(651)		(6,345)
Other comprehensive income (loss), net of tax	6,735		6,697		1,939		19,119
Ending balance	$	25,485	$	13,784	$	25,485	$	13,784
Pension and Other Postretirement Adjustment
Beginning balance	$	4,695	$	481	$	4,883	$	640
Other comprehensive income (loss) before reclassifications	(15)		845		(29)		914
Amounts reclassified from AOCI (b)	(228)		(228)		(456)		(456)
Tax effect	54		(100)		108		(100)
Other comprehensive income (loss), net of tax	(189)		517		(377)		358
Ending balance	$	4,506	$	998	$	4,506	$	998
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	$	25,482	$	15,090	$	25,482	$	15,090

(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.