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v3.23.2

Basis of Presentation and Significant Accounting Policies (Tables) | 6 Months Ended
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Jun. 30, 2023
Accounting Policies [Abstract] |
Cash and Cash Equivalents | The following table provides a reconciliation of cash and cash equivalents and restricted cash and cash equivalents on our condensed consolidated balance sheets to the totals presented on our condensed consolidated statements of cash flows:
|  | June 30, 2023 |  | December 31, 2022
|  | (In thousands)
Cash and cash equivalents |  | $ | 33,861 |  |  | $ | 35,244 |
Restricted cash and cash equivalents |  | 2,987 |  |  | 2,928 |
Restricted cash and cash equivalents included in Other Assets |  | 2,731 |  |  | 2,818 |
Total cash and cash equivalents and restricted cash and cash equivalents as presented on our condensed consolidated statement of cash flows |  | $ | 39,579 |  |  | $ | 40,990 |
Restricted Cash and Cash Equivalents | The following table provides a reconciliation of cash and cash equivalents and restricted cash and cash equivalents on our condensed consolidated balance sheets to the totals presented on our condensed consolidated statements of cash flows:
|  | June 30, 2023 |  | December 31, 2022
|  | (In thousands)
Cash and cash equivalents |  | $ | 33,861 |  |  | $ | 35,244 |
Restricted cash and cash equivalents |  | 2,987 |  |  | 2,928 |
Restricted cash and cash equivalents included in Other Assets |  | 2,731 |  |  | 2,818 |
Total cash and cash equivalents and restricted cash and cash equivalents as presented on our condensed consolidated statement of cash flows |  | $ | 39,579 |  |  | $ | 40,990 |
Property, Plant and Equipment, Net | Property, Plant and Equipment, Net Property, plant and equipment is stated at cost and is set forth below:
|  | June 30, 2023 |  | December 31, 2022
|  | (In thousands)
Land |  | $ | 9,850 |  |  | $ | 9,844 |
Buildings |  | 373,252 |  |  | 365,955 |
Machinery and equipment |  | 1,056,779 |  |  | 1,026,024 |
Property under construction |  | 559,043 |  |  | 515,494 |
|  | 1,998,924 |  |  | 1,917,317 |
Less: Accumulated depreciation |  | 815,521 |  |  | 782,420 |
Property, Plant and Equipment, Net |  | $ | 1,183,403 |  |  | $ | 1,134,897 |
Components of Accumulated Other Comprehensive Income (Loss) | Accumulated Other Comprehensive Income (Loss) The components of Accumulated other comprehensive income (loss) included in Stockholders' Equity are as follows:
|  | June 30, 2023 |  | December 31, 2022
|  | (In thousands)
Currency translation adjustments |  | $ | 8,410 |  |  | $ | (4,207) |
Net unrealized gain on derivative financial instruments |  | 326 |  |  | 105 |
Unrecognized prior service cost on benefit obligations |  | (16,621) |  |  | (17,955) |
Net unrealized gain on available-for-sale investments |  | 165 |  |  | 127 |
Accumulated other comprehensive income (loss) |  | $ | (7,720) |  |  | $ | (21,930) |
Schedule of Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) | The amounts reclassified out of Accumulated other comprehensive income (loss) by component and the affected condensed consolidated statements of income line items are as follows:
|  | Three Months Ended June 30, |  | Six Months Ended June 30, |  |
|  | 2023 |  | 2022 |  | 2023 |  | 2022 |  |
Accumulated Other Comprehensive Income (Loss) Component Recognized |  | (In thousands) |  | Line Item Presented
Realized gain (loss) on derivative financial instruments |  | $ | 98 |  |  | $ | (23) |  |  | $ | 127 |  |  | $ | 66 |  |  | Revenues
|  | 261 |  |  | (177) |  |  | 398 |  |  | (470) |  |  | Cost of operations
|  | 359 |  |  | (200) |  |  | 525 |  |  | (404) |  |  | Total before tax
|  | (89) |  |  | 52 |  |  | (132) |  |  | 104 |  |  | Provision for Income Taxes
|  | $ | 270 |  |  | $ | (148) |  |  | $ | 393 |  |  | $ | (300) |  |  | Net Income
Amortization of prior service cost on benefit obligations |  | $ | (830) |  |  | $ | (813) |  |  | $ | (1,660) |  |  | $ | (1,627) |  |  | Other – net
|  | 153 |  |  | 162 |  |  | 326 |  |  | 325 |  |  | Provision for Income Taxes
|  | $ | (677) |  |  | $ | (651) |  |  | $ | (1,334) |  |  | $ | (1,302) |  |  | Net Income
Total reclassification for the period |  | $ | (407) |  |  | $ | (799) |  |  | $ | (941) |  |  | $ | (1,602) |  |  |

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