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Comprehensive loss
3 Months Ended
Mar. 31, 2025
Comprehensive loss  
Comprehensive loss

9.Comprehensive loss

Accumulated other comprehensive loss, as reflected in the condensed consolidated balance sheets, consists of pension liability adjustments, net of taxes, foreign currency translation adjustment and changes in fair value of derivatives, net of taxes. The components of accumulated other comprehensive loss as of March 31, 2025 and 2024, and reclassifications from accumulated other comprehensive loss for the three-month periods, are presented below (in thousands):

    

    

    

Foreign Currency

    

Pension Liability

Fair Value of

Translation

Accumulated Other

Adjustment

Derivatives

Adjustment

Comprehensive Loss

Balance at January 1, 2025

$

(233)

$

(395)

$

(1,842)

$

(2,470)

Other comprehensive income before reclassifications, net of taxes

 

-

 

121

 

109

 

230

Total other comprehensive loss before reclassifications, net of taxes

 

(233)

 

(274)

 

(1,733)

 

(2,240)

Net amount reclassified to earnings

 

(1)

 

153

 

-

 

152

Balance at March 31, 2025

$

(234)

$

(121)

$

(1,733)

$

(2,088)

    

    

    

Foreign Currency

    

    

Pension Liability

    

Fair Value of

    

Translation

    

Accumulated Other

    

Adjustment

    

Derivatives

    

Adjustment

    

Comprehensive Loss

Balance at January 1, 2024

$

(412)

$

41

$

(1,250)

$

(1,621)

Other comprehensive loss before reclassifications, net of taxes

 

-

 

(13)

 

(130)

 

(143)

Total other comprehensive income (loss) before reclassifications, net of taxes

 

(412)

 

28

 

(1,380)

 

(1,764)

Net amount reclassified to earnings

 

(1)

 

(21)

 

-

 

(22)

Balance at March 31, 2024

$

(413)

$

7

$

(1,380)

$

(1,786)

Taxes related to each component of other comprehensive loss were not material for each of the three-month periods presented and therefore not disclosed separately.

All reclassifications from accumulated other comprehensive income (loss) had an impact on direct operating costs in the condensed consolidated statements of operations and comprehensive income.