ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME

3 Months Ended

Mar. 31, 2025

ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME

Comprehensive (loss) income for the three months ended March 31, 2025 and 2024:


	Three Months Ended March 31,
Dollars in thousands	2025		2024
Net loss	$	(25,293)	$	(3,281)
Foreign currency translation adjustment	11,631		730
Change in unrealized (gain) loss on derivatives, net of tax	(8,016)		3,735
Pension liability adjustment, net of tax	(150)		(5)
Comprehensive (loss) income, net	$	(21,828)	$	1,179

Changes in accumulated other comprehensive (loss) income by component between December 31, 2024 and March 31, 2025 are presented in the table below, net of tax:


Dollars in thousands	Gains and Losses on Derivatives		Defined Benefit Pension Items		Foreign Currency Items		Total
Balance at January 1, 2025	$	26,612	$	4,028	$	(58,211)	$	(27,571)
Other comprehensive (loss) gain	(14,101)		—		13,655		(446)
Less: Amounts reclassified from accumulated other comprehensive income, net	(6,085)		150		2,024		(3,911)
Net current-period other comprehensive (loss) gain	(8,016)		(150)		11,631		3,465
Balance at March 31, 2025	$	18,596	$	3,878	$	(46,580)	$	(24,106)

For the three months ended March 31, 2025, the Company reclassified a loss of $(7.0) million and a gain of $3.1 million from accumulated other comprehensive income to other income, net and interest income, respectively.