ACCUMULATED OTHER COMPREHENSIVE INCOME

12 Months Ended

Dec. 31, 2024

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,
	2024		2023		2022
Net foreign currency translation adjustment	$	(32,590)	$	16,809	$	(4,799)
Net change of cash flow hedge (see Note 20 for further information)
Unrealized (loss) gain on cash flow hedge	—		(1,406)		3,564
Tax	—		341		(868)
Net of tax	—		(1,065)		2,696
Net change in postretirement benefit plan (see Note 15 for further information)
Prior service loss (gain) arising during the period	206		132		(41)
Amortization of prior service credit	—		—		9
Amortization of (gain) loss	(10)		8		(2)
Total before tax	196		140		(34)
Tax	(44)		(39)		(24)
Net of tax	152		101		(58)
Total other comprehensive (loss) income	$	(32,438)	$	15,845	$	(2,161)

Included in "Net foreign currency translation adjustment" was a loss of $1,455 related to a net investment hedge, net of tax benefits of $471 for the year ended December 31, 2023, and a gain of $3,851 related to a net investment hedge, net of tax expenses of $1,236, for the year ended December 31, 2022. There were no such gains or losses for the year ended December 31, 2024. The Company settled its derivative instruments on their maturity date of June 27, 2023. See Note 20, Derivative Instruments and Hedging Activities.

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

	Foreign currency translation adjustment		Cash flow hedge		Postretirement benefit plan		Total
Balance December 31, 2023	$	8,408	$	—	$	283	$	8,691
Other comprehensive (loss) income	(32,590)		—		152		(32,438)
Balance December 31, 2024	$	(24,182)	$	—	$	435	$	(23,747)