ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME

3 Months Ended

Mar. 31, 2023

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

ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME

ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME

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

	Three Months Ended March 31,
	2023		2022
Net foreign currency translation adjustment	$	9,424	$	(2,842)
Net change of cash flow hedge (see Note 20 for further information)
Unrealized (loss) gain on cash flow hedge	(676)		2,084
Tax	165		(511)
Net of tax	(511)		1,573
Net change in postretirement benefit plan (see Note 15 for further information)
Amortization of prior service cost	2		2
Gain (loss) arising during the period and prior service credit	132		(32)
Total before tax	134		(30)
Tax	(34)		3
Net of tax	100		(27)
Total other comprehensive income (loss)	$	9,013	$	(1,296)

Included in "Net foreign currency translation adjustment" was a loss of $1,021 related to a net investment hedge, which was net of tax benefit of $332 for the three months ended March 31, 2023. Included in "Net foreign currency translation adjustment" was a gain of $1,123 related to a net investment hedge, which was net of tax expense of $333 for the three months ended March 31, 2022. See Note 20, Derivative Instruments and Hedging Activities.

Accumulated other comprehensive (loss) income at March 31, 2023 and December 31, 2022 consisted of the following:

	Foreign currency translation adjustment		Cash flow hedge		Postretirement benefit plan		Total
Balance December 31, 2022	$	(8,401)	$	1,065	$	182	$	(7,154)
Other comprehensive income (loss)	9,424		(511)		100		9,013
Balance March 31, 2023	$	1,023	$	554	$	282	$	1,859