ACCUMULATED OTHER COMPREHENSIVE INCOME

12 Months Ended

Dec. 31, 2022

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

ACCUMULATED OTHER COMPREHENSIVE INCOME

ACCUMULATED OTHER COMPREHENSIVE INCOME

The changes in accumulated other comprehensive income (loss) were as follows:

	Years Ended December 31,
	2022		2021		2020
Net foreign currency translation adjustment	$	(4,799)	$	(11,255)	$	12,829
Net change of cash flow hedge (see Note 20 for further information)
Unrealized gain/(loss) on cash flow hedge	3,564		2,707		(3,094)
Tax	(868)		(654)		809
Net of tax	2,696		2,053		(2,285)
Net change in postretirement benefit plan (see Note 15 for further information)
Prior service credit and gain arising during the period	(41)		(4)		(503)
Amortization of prior service credit	9		74		74
Amortization of loss	(2)		(21)		(50)
Total before tax	(34)		49		(479)
Tax	(24)		(13)		127
Adjustment (1)	—		—		(455)
Net of tax	(58)		36		(807)
Total other comprehensive (loss)/income	$	(2,161)	$	(9,166)	$	9,737

(1) One-time adjustment to the postretirement account.

Included in "Net foreign currency translation adjustment" were gains/(losses) of $3,851, $4,766, and $(4,882), related to a net investment hedge, net of taxes of $(1,236), $(1,527), and $1,579, for the years ended December 31, 2022, 2021, and 2020, respectively. See Note 20, Derivative Instruments and Hedging Activities.

Accumulated other comprehensive (loss)/income at December 31, 2022 consisted of the following:

	Foreign currency translation adjustment		Cash flow hedge		Postretirement benefit plan		Total
Balance December 31, 2021	$	(3,602)	$	(1,631)	$	240	$	(4,993)
Other comprehensive (loss)/gain	(4,799)		2,696		(58)		(2,161)
Balance December 31, 2022	$	(8,401)	$	1,065	$	182	$	(7,154)