XML 31 R20.htm IDEA: XBRL DOCUMENT v3.24.1.u1
ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME
3 Months Ended
Mar. 31, 2024
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,
 20242023
Net foreign currency translation adjustment$(12,717)$9,424 
Net change of cash flow hedge (see Note 19 for further
   information)
Unrealized loss on cash flow hedge— (676)
Tax— 165 
Net of tax— (511)
Net change in postretirement benefit plan (see Note 14 for
   further information)
Amortization of (gain) loss(3)
Prior service loss arising during the period206 132 
Total before tax203 134 
Tax(49)(34)
Net of tax154 100 
Total other comprehensive (loss) income$(12,563)$9,013 
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. The Company settled its derivative instruments on their maturity date of June 27, 2023. See Note 19, Derivative Instruments and Hedging Activities.

Accumulated other comprehensive (loss) income at March 31, 2024 and December 31, 2023 consisted of the following:

 Foreign currency
translation
adjustment
Cash flow hedgePostretirement
benefit plan
Total
Balance December 31, 2023$8,408 $— $283 $8,691 
Other comprehensive (loss) income(12,717)— 154 (12,563)
Balance March 31, 2024$(4,309)$— $437 $(3,872)