Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2023

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

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following tables summarize the cumulative balance of each component of accumulated other comprehensive (loss) income, net of tax, for the three months ended June 30, (in thousands):


	Foreign Currency Translation Adjustment		Postretirement Benefit Plan Adjustments		Total Pre-Tax Amount		Tax Benefit (Expense)		Accumulated Other Comprehensive (Loss) Income
Balance at March 31, 2023	$	(3,497)	$	(384)	$	(3,881)	$	(342)	$	(3,539)

Postretirement health care plan adjustments	—		11		11		3		8
Foreign currency translation adjustment	(584)		—		(584)		—		(584)
Balance at June 30, 2023	$	(4,081)	$	(373)	$	(4,454)	$	(339)	$	(4,115)


Balance at March 31, 2022	$	1,413	$	(2,213)	$	(800)	$	784	$	(16)

Postretirement health care plan adjustments	—		1		1		—		1
Foreign currency translation adjustment	(3,198)		—		(3,198)		—		(3,198)
Balance at June 30, 2022	$	(1,785)	$	(2,212)	$	(3,997)	$	784	$	(3,213)

The following tables summarize the cumulative balance of each component of accumulated other comprehensive (loss) income, net of tax, for the six months ended June 30, (in thousands):


	Foreign Currency Translation Adjustment		Postretirement Benefit Plan Adjustments		Total Pre-Tax Amount		Tax Benefit (Expense)		Accumulated Other Comprehensive (Loss) Income
Balance at December 31, 2022	$	(3,382)	$	(395)	$	(3,777)	$	(345)	$	(3,432)

Postretirement health care plan adjustments	—		22		22		6		16
Foreign currency translation adjustment	(699)		—		(699)		—		(699)
Balance at June 30, 2023	$	(4,081)	$	(373)	$	(4,454)	$	(339)	$	(4,115)


Balance at December 31, 2021	$	1,640	$	(2,247)	$	(607)	$	794	$	187

Postretirement health care plan adjustments	—		35		35		(10)		25
Foreign currency translation adjustment	(3,425)		—		(3,425)		—		(3,425)
Balance at June 30, 2022	$	(1,785)	$	(2,212)	$	(3,997)	$	784	$	(3,213)

The realized adjustments relating to the Company’s postretirement health care costs were reclassified from accumulated other comprehensive loss and included in other expense in the consolidated statements of income.