Shareholders' equity (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of Weighted Average Number of Shares

The following table provides a reconciliation of basic to diluted weighted average shares outstanding:


	2022	2021	2020

Basic	46,898	46,774	46,488
Dilutive effect of share based awards	411	653	799

Diluted	47,309	47,427	47,287

Schedule of Accumulated Other Comprehensive Income (Loss)

The following tables provides information relating to the changes in accumulated other comprehensive income (loss), net of tax, for each of the years ended December 31, 2022 and 2021:


	Cash Flow Hedges		Pension and Other Postretirement Benefit Plans		Foreign Currency Translation Adjustment		Accumulated Other Comprehensive Income (Loss)

Balance at December 31, 2020	$	(482)	$	(150,257)	$	(146,559)	$	(297,298)
Other comprehensive income (loss) before reclassifications	351		6,192		(63,191)		(56,648)
Amounts reclassified from accumulated other comprehensive income	1,212		5,775		—		6,987
Net current-year other comprehensive income (loss)	1,563		11,967		(63,191)		(49,661)

Balance at December 31, 2021	1,081		(138,290)		(209,750)		(346,959)
Other comprehensive income (loss) before reclassifications	7,179		(2,606)		(62,904)		(58,331)
Amounts reclassified from accumulated other comprehensive income	(3,329)		5,097		—		1,768
Net current-year other comprehensive income (loss)	3,850		2,491		(62,904)		(56,563)

Balance at December 31, 2022	$	4,931	$	(135,799)	$	(272,654)	$	(403,522)

Reclassification out of Accumulated Other Comprehensive Income

The following table provides information relating to the (gains) losses recognized in the statements of income including the reclassifications of losses (gains) in accumulated other comprehensive (loss) income into expense/(income), net of tax, for the years ended December 31, 2022, 2021 and 2020:


	Year Ended December 31,
	2022		2021		2020
(Gains) losses on designated foreign exchange forward contracts:
Cost of goods sold	$	(3,532)	$	1,150	$	2,354
Total before tax	(3,532)		1,150		2,354
Taxes expense (benefit)	203		62		(240)
Net of tax	$	(3,329)	$	1,212	$	2,114





Amortization of pension and other postretirement benefits items:
Actuarial losses (1)	$	7,660	$	8,543	$	7,253
Prior-service credits (1)	(1,017)		(1,012)		33

Total before tax	6,643		7,531		7,286
Tax benefit	(1,546)		(1,756)		(1,701)
Net of tax	$	5,097	$	5,775	$	5,585
Impact on income from continuing operations, net of tax	$	1,768	$	6,987	$	7,699

(1)These accumulated other comprehensive (loss) income components are included in the computation of net benefit cost of pension and other postretirement benefit plans (see Note 16 for additional information).