Accumulated Other Comprehensive Income (Tables)

9 Months Ended

Sep. 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:

	Three months ended September 30,				Nine months ended September 30,
(in thousands)	2023		2022		2023		2022
Currency Translation Adjustment
Beginning balance	$	(4,767)	$	50	$	(8,203)	$	5,631
Other comprehensive income (loss) before reclassifications	(2,600)		(9,828)		836		(15,409)
Tax effect	—		—		—		—
Other comprehensive income (loss), net of tax	(2,600)		(9,828)		836		(15,409)
Ending balance	$	(7,367)	$	(9,778)	$	(7,367)	$	(9,778)
Hedging Adjustment
Beginning balance	$	25,485	$	13,784	$	23,546	$	(5,335)
Other comprehensive income (loss) before reclassifications	10,715		14,492		17,924		37,325
Amounts reclassified from AOCI (a)	(2,735)		(210)		(7,354)		2,421
Tax effect	(2,007)		(3,563)		(2,658)		(9,908)
Other comprehensive income (loss), net of tax	5,973		10,719		7,912		29,838
Ending balance	$	31,458	$	24,503	$	31,458	$	24,503
Pension and Other Postretirement Adjustment
Beginning balance	$	4,506	$	998	$	4,883	$	640
Other comprehensive income (loss) before reclassifications	(129)		69		(158)		983
Amounts reclassified from AOCI (b)	(228)		(228)		(684)		(684)
Tax effect	81		28		189		(72)
Other comprehensive income (loss), net of tax	(276)		(131)		(653)		227
Ending balance	$	4,230	$	867	$	4,230	$	867
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	$	28,579	$	15,850	$	28,579	$	15,850

(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.