Shareholders' equity (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of Weighted Average Number of Shares

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


	2024	2023	2022

Basic	46,837	46,981	46,898
Dilutive effect of share based awards	257	323	411

Diluted	47,094	47,304	47,309

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table provides information relating to the changes in accumulated other comprehensive income (loss), net of tax, for each of the years ended December 31, 2024 and 2023:


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

Balance at December 31, 2022	$	4,931	$	(135,799)	$	(272,654)	$	(403,522)
Other comprehensive income before reclassifications	8,314		42,380		44,902		95,596
Amounts reclassified from accumulated other comprehensive income	(11,849)		5,370		—		(6,479)
Net current-year other comprehensive income (loss)	(3,535)		47,750		44,902		89,117

Balance at December 31, 2023	1,396		(88,049)		(227,752)		(314,405)
Other comprehensive income (loss) before reclassifications	1,977		10,465		(92,594)		(80,152)
Amounts reclassified from accumulated other comprehensive income	(1,534)		79,422		—		77,888
Net current-year other comprehensive (loss) income	443		89,887		(92,594)		(2,264)

Balance at December 31, 2024	$	1,839	$	1,838	$	(320,346)	$	(316,669)

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, 2024, 2023 and 2022:


	Year Ended December 31,
	2024		2023		2022
(Gains) losses on designated foreign exchange forward contracts:
Cost of goods sold	$	(1,626)	$	(12,234)	$	(3,532)
Total before tax	(1,626)		(12,234)		(3,532)
Taxes expense	92		385		203
Net of tax	(1,534)		(11,849)		(3,329)





Amortization of pension and other postretirement benefits items:
Actuarial losses (1)	1,152		7,989		7,660
Prior-service credits (1)	(1,967)		(1,008)		(1,017)
Settlements	138,139		—		—
Total before tax	137,324		6,981		6,643
Tax benefit	(57,902)		(1,611)		(1,546)
Net of tax	79,422		5,370		5,097
Impact on income from continuing operations, net of tax	$	77,888	$	(6,479)	$	1,768

(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).