STOCKHOLDERS' EQUITY (Tables)

3 Months Ended

Mar. 31, 2024

STOCKHOLDERS' EQUITY

Components of accumulated other comprehensive income

	March 31		December 31
	2024		2023
	(in thousands)
Pre-tax amounts:
Unrecognized net periodic benefit credit	$	6,564	$	6,816
Interest rate swap		1,214		1,710
Foreign currency translation		(3,285)		(2,709)
Total	$	4,493	$	5,817
After-tax amounts:
Unrecognized net periodic benefit credit	$	4,874	$	5,061
Interest rate swap		897		1,263
Foreign currency translation		(2,426)		(2,000)
Total	$	3,345	$	4,324

Summary of changes in accumulated other comprehensive income, net of tax, by component

			Unrecognized		Interest		Foreign
	Total		Benefit Credit		Swap		Translation
	(in thousands)
Balances at December 31, 2023	$	4,324	$	5,061	$	1,263	$	(2,000)
Other comprehensive loss before reclassifications		(792)		—		(366)		(426)
Amounts reclassified from accumulated other comprehensive income		(187)		(187)		—		—
Net current-period other comprehensive loss		(979)		(187)		(366)		(426)
Balances at March 31, 2024	$	3,345	$	4,874	$	897	$	(2,426)
Balances at December 31, 2022	$	7,103	$	6,896	$	2,604	$	(2,397)
Other comprehensive loss before reclassifications		(470)		—		(452)		(18)
Amounts reclassified from accumulated other comprehensive income		(247)		(247)		—		—
Net current-period other comprehensive loss		(717)		(247)		(452)		(18)
Balances at March 31, 2023	$	6,386	$	6,649	$	2,152	$	(2,415)

Summary of the significant reclassifications out of accumulated other comprehensive income (loss) by component

	Unrecognized Net Periodic
	Benefit Credit
	Three Months Ended March 31
	2024		2023
	(in thousands)
Amortization of net actuarial gain, pre-tax(1)	$	252	$	333
Tax expense		(65)		(86)
Total, net of tax	$	187	$	247

(1) Included in the computation of net periodic benefit credit of the Company’s supplemental benefit plan (“SBP”) and postretirement health benefit plan.

Summary of dividends declared

	2024				2023
	Per Share		Amount		Per Share		Amount
	(in thousands, except per share data)
First quarter	$	0.12	$	2,828	$	0.12	$	2,915