Accumulated Other Comprehensive (Loss) Income

9 Months Ended

Sep. 30, 2023

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

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME

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

	Foreign Currency Translation Adjustment		Postretirement Benefit Plan Adjustments		Total Pre-Tax Amount		Tax (Benefit) Expense		Accumulated Other Comprehensive Loss
Balance at June 30, 2023	$	(4,081)	$	(373)	$	(4,454)	$	(339)	$	(4,115)
Postretirement health care plan adjustments	—		11		11		3		8
Foreign currency translation adjustment	(1,376)		—		(1,376)		—		(1,376)
Balance at September 30, 2023	$	(5,457)	$	(362)	$	(5,819)	$	(336)	$	(5,483)
Balance at June 30, 2022	$	(1,785)	$	(2,212)	$	(3,997)	$	(784)	$	(3,213)
Postretirement health care plan adjustments	—		17		17		5		12
Foreign currency translation adjustment	(3,568)		—		(3,568)		—		(3,568)
Balance at September 30, 2022	$	(5,353)	$	(2,195)	$	(7,548)	$	(779)	$	(6,769)

The following tables summarize the cumulative balance of each component of accumulated other comprehensive (loss) income, net of tax, for the nine months ended September 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	—		33		33		9		24
Foreign currency translation adjustment	(2,075)		—		(2,075)		—		(2,075)
Balance at September 30, 2023	$	(5,457)	$	(362)	$	(5,819)	$	(336)	$	(5,483)
Balance at December 31, 2021	$	1,640	$	(2,247)	$	(607)	$	(794)	$	187
Postretirement health care plan adjustments	—		52		52		15		37
Foreign currency translation adjustment	(6,993)		—		(6,993)		—		(6,993)
Balance at September 30, 2022	$	(5,353)	$	(2,195)	$	(7,548)	$	(779)	$	(6,769)

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.