Accumulated Other Comprehensive Loss

3 Months Ended

Mar. 31, 2023

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Loss

Note 15 – Accumulated Other Comprehensive Loss

The changes in accumulated other comprehensive loss by component were as follows:

	Three Months Ended March 31,
	2023												2022
	Foreign												Foreign
	Currency			Derivative									Currency			Derivative
	Translation			Instruments,									Translation			Instruments,
(in thousands)	Adjustments			Net of Tax			Other			Total			Adjustments			Net of Tax			Other			Total
Beginning balance	$	(15,877	)	$	788		$	(1,144	)	$	(16,233	)	$	(12,729	)	$	(3,372	)	$	(1,057	)	$	(17,158	)
Other comprehensive gain (loss) before reclassifications		1,050			1,576			226			2,852			(1,155	)		2,364			(21	)		1,188
Amounts reclassified from accumulated other comprehensive loss		—			(428	)		—			(428	)		—			83			—			83
Net current period other comprehensive gain (loss)		1,050			1,148			226			2,424			(1,155	)		2,447			(21	)		1,271
Ending balance	$	(14,827	)	$	1,936		$	(918	)	$	(13,809	)	$	(13,884	)	$	(925	)	$	(1,078	)	$	(15,887	)

Unrealized gains and losses relating to derivative instruments, reclassified from accumulated other comprehensive loss for the three months ended March 31, 2023 and 2022, were recognized as a component of cost of sales in the condensed consolidated statements of income, which relate to the Company's foreign currency contracts accounted for as cash flow hedges. See Note 14 for further explanation of the change in derivative instruments that is recorded to accumulated other comprehensive loss.