Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2024

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income

The following table summarizes the changes in Accumulated other comprehensive income ("AOCI"):

	Year Ended December 31,
(in thousands)	2024		2023
Currency Translation Adjustment
Beginning balance	$	(2,581)	$	(8,203)
Other comprehensive income (loss) before reclassifications	(10,888)		5,622
Tax effect	—		—
Other comprehensive income (loss), net of tax	(10,888)		5,622
Ending Balance	$	(13,469)	$	(2,581)
Cash Flow Hedges
Beginning balance	$	20,985	$	23,546
Other comprehensive income (loss) before reclassifications	13,768		6,725
Amounts reclassified from AOCI (a)	(12,922)		(10,132)
Tax effect (c)	(260)		846
Other comprehensive income (loss), net of tax	586		(2,561)
Ending Balance	$	21,571	$	20,985
Pension and Other Postretirement Plans
Beginning balance	$	4,203	$	4,883
Other comprehensive income (loss) before reclassifications	939		19
Amounts reclassified from AOCI (b)	(911)		(911)
Tax effect (c)	(6)		212
Other comprehensive income (loss), net of tax	22		(680)
Ending Balance	$	4,225	$	4,203
Investments in Convertible Preferred Securities
Beginning balance	$	258	$	258
Other comprehensive income (loss), net of tax	—		—
Ending Balance	$	258	$	258
Total AOCI Ending Balance	$	12,585	$	22,865

(a)Amounts reclassified from gain (loss) on cash flow hedges are reclassified from AOCI to income when the hedged item affects earnings. Gains and losses from interest rate derivatives are recognized in Interest expense, net within the Consolidated Statements of Operations as interest payments are made on the Company's variable rate debt. When interest rate derivatives are settled prior to maturity, the gain or loss is recognized in Other income, net within the Consolidated Statements of Operations. See Note 5 for additional information.

(b)This AOCI component is included in the computation of net periodic benefit cost recorded in Operating, administrative and general expenses within the Consolidated Statements of Operations.

(c)The Company utilizes the aggregate approach for releasing disproportionate income tax effects in AOCI.